Ethereum mainnet daily active addresses surpass all layer-2s

Network enactment connected the Ethereum mainnet has present surpassed that connected layer-2 scaling blockchains arsenic state fees stay low, though it whitethorn not each beryllium integrated users.

Token Terminal said connected Thursday that determination has been a “return to mainnet,” with regular progressive addresses connected Ethereum outranking each starring layer-2s.

A recent spike successful progressive addresses closed successful connected 1 cardinal per day, with Etherscan showing that progressive addresses surged to astir 1.3 cardinal connected Jan. 16 but person since settled to astir 945,000 regular progressive addresses.

The fig is higher than each layer-2 blockchains, including the fashionable networks Arbitrum One, Base Chain, and OP Mainnet. The full worth secured crossed each layer-2s presently stands astatine $45 billion, down 17% implicit the past 12 months, according to L2Beat. 

Ethereum web enactment has surged this period pursuing the Fusaka upgrade successful December, which dramatically reduced state fees. However, it mightiness not each beryllium genuine users. 

Ethereum L1 surpasses each L2 networks for regular progressive addresses. Source: Token Terminal

Address poisoning attacks spike

Security researcher Andrey Sergeenkov said connected Monday that the spike successful web enactment could beryllium attributed successful portion to dusting oregon code poisoning attacks. 

Address poisoning involves scammers sending tiny transactions from wallet addresses that lucifer morganatic ones, duping users into copying the incorrect code erstwhile making a transaction.

This has been made viable economically by the slump successful web fees, making it cheaper to spam the network. 

Related: Efforts to bulletproof Ethereum are paying disconnected successful idiosyncratic metrics

“It’s tenable to reason that the caller spike successful Ethereum web enactment is being materially driven by code poisoning campaigns,” analysts astatine blockchain information steadfast Cyvers told Cointelegraph connected Wednesday. 

Cyvers’ analysts said that behavioral classification and a statistical correlation “strongly suggest that code poisoning is not a marginal factor, but a important contributor to the caller emergence successful Ethereum transaction volume.”

Ethereum inactive king for plus tokenization

Regardless of the spurious activity, Ethereum “remains the preferred blockchain for on-chain assets,” ARK Invest reported connected Wednesday. The assets connected Ethereum present transcend $400 billion, and the planetary marketplace for tokenized assets could surpass $11 trillion by 2030, it added.

Stablecoins marque up the bulk of those assets, with Ethereum commanding a 56% stock of stablecoins on-chain, and a 66% stock of each tokenized real-world assets erstwhile layer-2 networks are included, according to RWA.xyz. 

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