In 2023, Ethereum has reached an impressive milestone. According to on-chain analysis firm Flipside, the blockchain network attracted over 15.4 million new users.
These numbers impressively demonstrate how Ethereum is increasingly becoming the first choice for blockchain users. This growth not only reflects users’ trust in the platform, but also the growing interest in the diverse application possibilities that ETH offers. Polygon and Bitcoin follow in this ranking, while Solana, which made a comeback in 2023, took fifth place.
The fact that most Ethereum users remained on the platform in 2023 suggests high user retention. Flipside predicts that, like developers, users will use different blockchains in the future. Especially if a renewed upswing in the crypto market is imminent.
ETH price increases with the number of users
After the crypto market setback caused by the approval of Bitcoin ETFs, Ethereum is witnessing an impressive recovery. The ETH price has stabilized and has grown more strongly compared to Bitcoin since the launch of the ETFs. This increase is accompanied by an increase in active addresses.
You can find out what the situation is with ETH in general and what revolution is coming to staking in the new BTC-ECHO Ethereum Report.
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