Ethereum's new address count in March reached a new high since November 2021

The Block data shows that the active supply of Ethereum (i.e. the supply that transfers from one wallet to another within a specific time period) is currently at a historical low of one year or more. The active supply of Ethereum within 30 and 90 days is also close to historical lows, down more than half from its peak. Although long-term users of Ethereum seem to have shown low activity, the enthusiasm around Base has reached a record level, and new users seem to be flooding into the Ethereum ecosystem. Last month, Ethereum added 3.66 million addresses, the highest level since the FTX crash in November 2021.