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After the Fusaka upgrade, the transaction count of stablecoin "dust" attacks on Ethereum has increased 2 to 3 times.

2026.02.04 13:57:23

Cointelegraph reported on February 4 that Coin Metrics has observed a sharp decline in Ethereum network fees since the network’s Fusaka upgrade in December 2025, which has boosted the efficiency of on-chain operations. Currently, Ethereum’s average daily transaction volume exceeds 2 million, and active addresses are up 60% from their prior average level. Coin Metrics noted that low gas fees have spurred a surge in "dusting attacks": stablecoin (USDC and USDT) "dust transactions" now account for roughly 11% of total Ethereum transaction volume and 26% of daily active addresses. Before the upgrade, dust transactions made up only 3%-5% of total volume—but that share has tripled post-upgrade. A dusting attack refers to hackers sending small amounts of tokens to random addresses to track wallets or disrupt the network.
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