Microsoft is deploying an update to SharePoint Online to redesign the so called SharePoint Sites page – known as the SharePoint directory managed by administrators to push SharePoint sites and SharePoint workloads to propose you other sites to follow – to a new SharePoint Home.

Accessing this new SharePoint Home is easy, administrators and end-user has nothing to do. The “old” SharePoint Sites tile is being renamed from Site to SharePoint

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Then, the first time you access the new Home, you will a quick welcome deck to help you use this new SharePoint Home

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Then you got the new home, showing your recent activities, promoted sites (pushed in the left side)…

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Last point, the URL is also being updated from https://<your tenant>-my.sharepoint.com/personal/<user>/Social/Sites.aspx to https://<your tenant>.sharepoint.com/_layouts/15/sharepoint.aspx

NOTE you may have some users in your tenant not getting yet the new SharePoint Home experience while others have; this is just because of the update deployment, it will come