5h ago
Ethereum Daily Transactions Reach 2.9 Million as Address-Poisoning Spam Inflates On-Chain Activity
Ethereum recently processed nearly 2.9 million transactions in a single day, setting a new on-chain record while its price hovered around $3,170 with minimal movement. Onchain researcher Andrey Sergeenkov attributes most of this uptick to large-scale address-poisoning scams involving tiny stablecoin dust transfers, which inflate transaction and address counts without indicating genuine user demand. His analysis links roughly 80% of the abnormal growth in new addresses to low-value stablecoin activity, amplified by lower fees following the Fusaka upgrade.