Ethereum is experiencing record-high network growth, processing 2.9 million transactions in a week, according to Token Terminal data. Daily active addresses have also surged. This increase in activity coincides with low transaction fees, ranging from $0.10 to $0.20, a significant drop from the $50-$200 fees seen during the 2021-2022 NFT boom. However, security researchers suggest that this growth may not be entirely organic. They warn that malicious actors are exploiting the low fees to launch industrial-scale "address poisoning" campaigns, targeting users with automated scams. Recent protocol upgrades, including the "Pectra" upgrade and "Fusaka" upgrade, have increased blob capacity and enabled higher throughput, contributing to the lower fees.

Ethereum is experiencing record-high network growth, processing 2.9 million transactions in a week, according to Token Terminal data. Daily active addresses have also surged. This increase in activity coincides with low transaction fees, ranging from $0.10 to $0.20, a significant drop from the $50-$200 fees seen during the 2021-2022 NFT boom. However, security researchers suggest that this growth may not be entirely organic. They warn that malicious actors are exploiting the low fees to launch industrial-scale "address poisoning" campaigns, targeting users with automated scams. Recent protocol upgrades, including the "Pectra" upgrade and "Fusaka" upgrade, have increased blob capacity and enabled higher throughput, contributing to the lower fees.