New number Ethereum Ethereum
-8.36%
According to data from The Block, the seven-day moving average of new Ethereum wallets is at its lowest level since December 2023, but has remained above that value for most of 2023.
The average number of active addresses and transactions on the Ethereum network has also recently declined, reaching its lowest level in nearly six months.
The recent decline in these numbers following the launch of a spot Ether exchange-traded fund (ETF) on the US stock market may suggest that some investors are gaining exposure to Ether through these funds rather than buying tokens directly.
By comparison, Ethereum’s competitors are Solana 
brush
-3.91%
I saw ~ According to data from The Block, new addresses have been growing recently, the DEX ecosystem is rapidly closing the gap with Ethereum, and Mimecoin continues to attract thousands of users.
The Block previously reported that the Bitcoin network has also seen a recent increase in new addresses despite the market downturn. However, the level of increase in new wallets is not directly related to an increase in fees paid on the network or an increase in on-chain activity.
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