Ethereum Pectra Upgrade: Mixed Impact on Network Engagement

A recent analysis from Glassnode on Ethereum’s Pectra upgrade suggests a mixed impact on network participation. Despite the launch of this significant update, data indicates that new and reactivated addresses have decreased compared to earlier in the year, specifically seeing declines of 1.8% and 8.4%, respectively. Interestingly, address attrition has also seen a notable decline of 8.5%.