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

CoinVoice has learned that data shows that driven by the decline in transaction fees, the number of daily active addresses on Ethereum has rebounded 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 before falling back to around 950,000. However, analysts warn that active address data may be overestimated. Security researcher Andrey Sergeenkov pointed out that address growth is highly correlated with 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 transfers of funds. Overall, there are signs of recovery in the activity of the Ethereum mainnet, but short-term data contains a large amount of non-authentic demand, and the “recovery quality” on-chain still requires further observation.