The Ethereum (ETH) network recorded a sharp uptick in new users during the first quarter (Q1) of 2026, reaching a new all-time high ($ATH).
The Ethereum chain gained approximately 284,100 new users over the first three months of 2026, according to data from Artemis analyzed by Finbold on April 15. As such, the blockchain registered an 81.5% upswing in news users from the fourth quarter of 2025.
New uses on the Ethereum network have been gradually gaining quarter over quarter (QoQ) since the fourth quarter of 2024. As a result, its total daily active users (DAU) jumped by 48% QoQ to around 755,400 in Q1 2026, as per updates from Artemis.
What is driving the surge of new Ethereum users?
The Ethereum network has recorded an exponential growth in new users in the past few quarters, fueled by its stablecoin dominance. Furthermore, more institutional investors have been using this network to launch their stablecoins in the past year, and accelerated after the Genius Act – a U.S. federal regulatory framework for stablecoins.
Furthermore, the stablecoin supply on the Ethereum network hovered at about $130.3 billion during the third quarter of 2025, when the Genius Act was enacted. However, the chain’s stablecoin supply rallied in the subsequent quarters to hit a new $ATH of $171.2 billion in Q1 2026, based on metrics from Artemis.
As of reporting time, the network had roughly 22.41 million stablecoin holders, up 4.4% over the past 30 days in-line with updates from RWA.xyz. Meanwhile, the Ethereum blockchain has added more users in 2026, fueled by its rising supply of real-world assets (RWA), which hovered at around $16.3 billion, up 11% in 30 days, as stated by RWA.xyz.
