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The driving factors behind increased usage remain varied.
What does this significant phase indicate for the health of the Ethereum network?
According to recent network data, Ethereum recorded a new all-time high in user activity and on-chain transaction volume during the first quarter of 2026, indicating growing demand for the largest smart contract platform.
Network activity in the first quarter pointed to new record levels.
Many blockchain data tracking tools indicated that the first quarter of 2026 for the Ethereum network, spanning from January to March, saw an increase in the number of unique active addresses and total transaction volume compared to previous quarters.
If this achievement is confirmed across various methodologies, it will represent an unprecedented quarterly record for the network.
The term "on-chain users" in this context usually refers to unique addresses interacting with the Ethereum network during a specific period, noting that precise definitions vary among analytics providers.
It includes the total transaction volume, which is the total value of Ethereum transfers and ERC-20 tokens settled on the mainnet.