Analysis: Ethereum Mainnet Activity Surpasses Multiple L2s, But May Be Linked to Rise of Address Poisoning Attacks

According to Odaily, data shows that driven by lower fees, Ethereum's daily active addresses rebounded in January and once exceeded those of major Layer 2 networks. According to Token Terminal statistics, Ethereum's daily active addresses approached 1 million this month, briefly rising to around 1.3 million on January 16th before falling back to around 950,000. However, analysts warn that the active address data may be overestimated. Security researcher Andrey Sergeenkov pointed out that the address growth in January is highly correlated with attacks such as Address Poisoning. Attackers send tiny stablecoin transfers to a large number of wallets, causing fake addresses to appear in victims' transaction histories, thereby tricking them into sending funds to the wrong address. Overall, there are indeed signs of recovery in Ethereum mainnet activity, but the short-term data is mixed with a large amount of non-genuine demand, and the "quality of recovery" on-chain still requires further observation. (CoinDesk)