Ethereum posts record on chain activity as research points to possible spam-driven growth: Asia Morning Briefing

Ethereum has recently achieved record on-chain transaction volumes, but recent research suggests this surge may be driven by address poisoning, a scam tactic involving cheap 'dust' transfers. This raises concerns about the genuineness of the market activity. While increasing transaction volumes are generally seen as a positive signal, the underlying mechanisms driven by spam could lead investors to reassess the market's health. As the market reacts to this increase, it will be crucial for investors to remain cautious about the sustainability of these transactions.