Data: The number of new Ethereum addresses in March hit a new high since November 2021, and the activity of long-term holders dropped significantly

Data from The Block shows that Ethereum's active supply (i.e. the supply that has been transferred from one wallet to another within a specific time period) is currently at its lowest point in a year or more. The 30-day and 90-day active supplies are also close to their historical lows, having dropped by more than half since their peak.Despite the fact that Ethereum's active supply within a year has decreased by about 9% over the past 12 months, while active Bitcoin supply has rebounded after hitting a new historical low, ending this period with a 1% increase in active supply within a year. Bitcoin's recovery has greatly narrowed the huge gap in active supply that existed between these two cryptocurrencies.In addition, while Ethereum's long-term users seem to show lower activity, enthusiasm for Base has reached record levels, and new users seem to be flooding into the Ethereum ecosystem. Last month, Ethereum added 3.66 million new addresses, the highest level since the FTX crash in November 2021.