Coin Metrics: After the Fusaka upgrade, "dust" transactions of stablecoins on Ethereum increased by 2-3 times
PANews, February 4th – According to Cointelegraph, Coin Metrics pointed out that since Ethereum completed the Fusaka upgrade in December 2025, network fees have dropped significantly, making on-chain operations more convenient. Currently, Ethereum's average daily transaction volume has exceeded 2 million, and the number of active addresses has increased by 60% compared to previous averages.
Coin Metrics noted that the low Gas fees have given rise to a large number of "dusting attacks": such stablecoin (USDC and USDT) "dust transactions" currently account for about 11% of Ethereum's total transaction volume and 26% of the average daily active addresses. Before the upgrade, "dust transactions" only accounted for 3%-5% of the transaction volume; after the upgrade, this proportion increased by 2-3 times. A "dusting attack" refers to hackers sending small amounts of tokens to random addresses in order to track wallets or cause network disruption.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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