Analysis: Ethereum mainnet activity has surpassed multiple L2s, but this may be related to the rise of address poisoning attacks.

Odaily Planet Daily reports that data shows Ethereum’s average daily active addresses in January rebounded due to the decline in transaction fees and temporarily surpassed major Layer2 networks. According to Token Terminal, Ethereum’s daily active addresses approached 1 million this month and briefly rose to about 1.3 million on January 16, then fell back to around 950,000. However, analysts warn that active address data may be overestimated. Security researcher Andrey Sergeenkov pointed out that the address growth in January is highly related to attacks such as Address Poisoning, where attackers send tiny stablecoin transfers to numerous wallets, causing fake addresses to appear in victims’ transaction records and inducing mistaken fund transfers. Overall, there are signs of recovery in the Ethereum mainnet’s activity, but short-term data contains a large amount of non-genuine demand, and the “recovery quality” on-chain still requires further observation. (CoinDesk)