Data: The number of new Ethereum addresses in March reached a new high since November 2021, while the activity of long-term holders has significantly decreased

ChainCatcher news, according to data from The Block, the active supply of Ethereum (i.e., the amount transferred from one wallet to another within a specific time period) is currently at a historical low for a year or longer. The active supply over 30 days and 90 days is also close to historical lows, having dropped by more than half from peak levels.

It is reported that, despite the active supply of Ethereum decreasing by about 9% over the past 12 months, the active supply of Bitcoin has seen a recovery after reaching a historical low, ending this period with an approximately 1% increase in active supply over the year. The recovery of Bitcoin has significantly narrowed the once vast gap in active supply between the two cryptocurrencies.

Additionally, while long-term users of Ethereum seem to exhibit lower activity, enthusiasm for Base has reached record levels, and new users appear to be flooding into the Ethereum ecosystem. Last month, Ethereum added 3.66 million new addresses, the highest level since the FTX collapse in November 2021.