Ethereum is seeing fresh momentum. Month-over-month activity retention in the newcomer cohort just spiked significantly—and this isn't recycled activity from existing players. Real new wallets are pouring in, bringing genuine demand with them.

What makes this different? When first-time addresses drive the needle, you're looking at organic adoption picking up speed. It's not the noise of whales shuffling tokens around or old users chasing the latest hype. These are genuine market participants discovering the ecosystem for the first time.

This is what sustainable growth looks like. Quiet, steady, and built on expanding the user base rather than reshuffling existing liquidity. The real story of blockchain adoption often unfolds this way—beneath the headlines, in the data.