Analysis: Ethereum mainnet activity surpasses many L2 servers, but the data may contain hidden inflated figures.

PANews reported on January 24th that, according to CoinDesk, data shows that Ethereum's daily active addresses rebounded in January, briefly surpassing major Layer 2 networks, driven by a decrease in transaction fees. According to Token Terminal statistics, Ethereum's daily active addresses approached 1 million this month, briefly rising to approximately 1.3 million on January 16th, before falling back to around 950,000. However, analysts warn that the active address data may be overestimated. Security researcher Andrey Sergeenkov pointed out that the January address growth is highly correlated with attacks such as address poisoning, where attackers send extremely small stablecoin transfers to numerous wallets, causing fake addresses to appear in victims' transaction records, thereby inducing erroneous fund transfers. Overall, Ethereum mainnet activity does show signs of recovery, but short-term data contains a large amount of non-genuine demand, and the quality of the on-chain "recovery" still needs further observation.