Coin Metrics' State of the Network
Newsletter (Digital)
State of the Network is an unbiased, weekly view of the crypto ecosystem informed by Coin Metrics’ network (on-chain) and market data. Source
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| Scope | National |
|---|---|
| Language | English |
| Country | United States of America |
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Recent Articles
Search ArticlesEthereum’s Post Fusaka Activity Surge: The Impact of Address Poisoning
Get the best data-driven crypto insights and analysis every week: By: Tanay Ved Ethereum daily transactions increased ~50% and active addresses rose ~60% following the December 2025 Fusaka upgrade, but a portion of this growth reflects address poisoning attacks rather than organic adoption. Analysis of 227 million USDC and USDT balance updates reveals that 43% are dust transfers under $1, with 38% under a single penny.