The number of new addresses on Ethereum in March hit a new high since November 2021
Data from The Block shows that Ethereum's active supply (i.e. the supply transferred from one wallet to another within a specific time period) is currently at its lowest point in a year or more. The active Ethereum supply in the last 30 and 90 days is also close to its historical low, dropping by more than half compared to its peak. Although long-term Ethereum users seem to show low activity, enthusiasm around Base has reached record levels, and new users seem to be flooding into the Ethereum ecosystem. Last month, Ethereum added 3.66 million addresses, the highest level since the FTX crash in November 2021.
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