According to the on-chain platform, the latest key updates, like the Pectra upgrade, have been unable to ignite activity on the network. “Ethereum’s Pectra upgrade hasn’t translated into a spike in network engagement just yet,” the platform stated.
Glassnode stated that user attrition has decreased, and the Pectra Upgrade still has not increased the number of new or returning users after analyzing the ETH Month-over-Month activity Retention metric. Data from the on-chain platform shows that the average count of new and revived addresses has decreased since the upgrade compared to year-to-date (YTD) values.
