Ethereum on-chain "dust attacks" currently account for approximately 11% of total on-chain transactions and 26% of daily active addresses.

CycleProphet · 2026-02-04T06:06:11+00:00

After the Ethereum Fusaka upgrade, the stablecoin "dust attack" has significantly increased, accounting for 11% of transaction volume and 26% of active addresses. Analysis shows that most small transfers have no economic purpose, with losses totaling $740,000, reflecting the attack methods of malicious actors.

CycleProphet

2026-02-04 06:06:11

Abstract generation in progress

Deep Tide TechFlow News, on February 4th, according to Cointelegraph, after the Ethereum Fusaka upgrade, the number of stablecoin “dust attacks” has significantly increased, now estimated to account for 11% of total Ethereum transaction volume and 26% of daily active addresses.

Coin Metrics analyzed over 227 million USDC and USDT balance update transactions from November 2025 to January 2026, finding that 43% involved transfers of less than $1, and 38% were even below one cent. These transactions “serve no significant economic purpose other than wallet seed.”

Before the Fusaka upgrade, dust transactions with stablecoins accounted for about 3-5% of Ethereum transactions and 15-20% of active addresses; after the upgrade, these numbers jumped to 10-15% of transactions and 25-35% of active addresses, an increase of 2-3 times.

These “dust attacks” often involve malicious actors sending stablecoins worth a few cents from addresses that appear similar to legitimate wallets, tricking users into copying incorrect addresses during transactions. Reports indicate that $740,000 has been lost due to address deception attacks.

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