Ethereum's mainnet is experiencing a remarkable surge in daily active addresses, marking a significant milestone in its ongoing development. According to the official information, this increase comes on the heels of the recent Shanghai upgrade, which has made transactions more affordable for users.
Ethereum's Daily Active Addresses Surge
Currently, Ethereum boasts approximately 945,000 daily active addresses, surpassing all leading Layer 2 scaling blockchains. This uptick in activity is largely attributed to the reduced gas fees implemented during the Shanghai upgrade in December, which has encouraged more users to engage with the network.
Concerns Over Address Activity Authenticity
However, analysts caution that not all of this activity may be genuine. Some of the increased address activity could be linked to address poisoning attacks, where malicious actors create numerous addresses to manipulate the network's statistics. Despite these concerns, Ethereum continues to solidify its position as the preferred blockchain for on-chain assets, with total assets on the platform exceeding $400 billion.
While Ethereum's daily active addresses have surged recently, security experts have raised concerns about potential address poisoning attacks linked to this increase. For more details, see more.
