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Ethereum logs 1.297M daily active addresses on 16 January as dusting attacks inflate metrics
On 16 January, Ethereum’s daily active addresses climbed to 1.297 million, passing major Layer 2 networks before easing to 945,000. This spike was largely linked to automated stablecoin dusting and address poisoning contracts, which have allegedly enabled attackers to steal about $740,000 from 116 wallets. Despite these security concerns, recent upgrades that cut transfer fees and continued institutional accumulation indicate that Ethereum’s underlying fundamentals remain strong.