The Ethereum (ETH) network recorded a surge in new users in the first quarter (Q1) of 2026, hitting a new all-time high ($ATH).
According to the data, the Ethereum chain gained approximately 284,100 new users in the first three months of 2026. artemis According to an April 15 analysis by Finbold, blockchain has seen an 81.5% increase in news users since the fourth quarter of 2025.
New usage of the Ethereum network has been gradually increasing quarter-over-quarter (QoQ) since the fourth quarter of 2024. As a result, total daily active users (DAUs) increased by 48% sequentially to approximately 755,400 in Q1 2026. artemis.
What is driving the surge in new Ethereum users?
The Ethereum network has recorded a sharp increase in new users over the past few quarters due to the dominance of stablecoins. Additionally, more institutional investors have leveraged the network to launch stablecoins in the last year, with momentum accelerating since the Genius Act, the US federal regulatory framework for stablecoins.
Furthermore, in the third quarter of 2025, when the Genius Act was enacted, the supply of stablecoins on the Ethereum network remained at approximately $130.3 billion. However, the chain’s stablecoin supply recovered in subsequent quarters and reached new levels. $ATH 171.2 billion in the first quarter of 2026, based on artemis.
At the time of reporting, the network had approximately 22.41 million stablecoin holders, increasing by 4.4% over the past 30 days in line with updates from RWA.xyz. Meanwhile, the Ethereum blockchain will add more users in 2026, driven by an increasing supply of real-world assets (RWA), with its supply increasing by 11% in 30 days and hovering around $16.3 billion, according to RWA.xyz.
