Fusaka Upgrade Fuels Record Address Poisoning on Ethereum
The recent Fusaka upgrade on Ethereum has significantly reduced transaction fees, leading to a surge in network activity and stablecoin volume reaching $7.5 trillion in a quarter. However, this improvement may have inadvertently led to increased address poisoning incidents, highlighting a potential new risk in the ecosystem. The divergence between Ethereum's fundamentals and its price suggests a complex market sentiment.
Ethereum has spent years trying to fix high fees, and recent upgrades finally made transactions cheaper. But while they solved one problem, they may have opened the door to another.Leon Waidmann, head of research at Lisk, noted in an X post on Wednesday, Feb. 18, that network activity is booming, with stablecoin volume hitting $7.5 trillion in a single quarter while transaction fees stayed under a dollar.“Record usage. Record cheap. At the same time. The biggest divergence between fundamentals and price in all of crypto right now,” he noted.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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