The good thing here, compared to before, is that you have quick access to the tab switcher in the top-right corner, and therefore this UI fits in with the rest of Chrome. There’s a “Continue browsing” shortcut and feeds for Discover/Following below. The company logo is smaller, while the address bar is much higher with a carousel of recently listed sites (as favicons) below.

When opening Chrome after some time away from the browser, Google shows a modified version of the New Tag Page. However, it has continued iterating on the flags since then and appears to be introducing one particular element of the revamp. Update 4/16/22: Google did not widely roll out this redesign last year. Over the past few weeks, however, Chrome for Android has been testing a redesigned New Tab Page that changes quite a few things for the worse, but fortunately you can get back the old version. While Chrome has been visually refreshed over the years, Google has kept the core user experience intact to avoid “ disorienting” users.

Google chrome settings button