Ethereum mainnet is seeing an unusually high spike in activity, even surpassing metrics across Layer 2s, which were initially designed to be more scalable alternatives to the network.
But researchers caution that the headline numbers around active addresses and transaction count are being distorted by dust and so-called “address-poisoning” campaigns rather than organic activity on the network.
In a Jan. 22 post on X, Token Terminal flagged that Ethereum’s Layer 1 chain “outranks all leading L2s in terms of daily active addresses.”
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