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Ethereum posts record onchain activity as research points to possible spam-driven growth: Asia Morning Briefing
Market Intelligence Analysis
AI-Powered
Why This Matters
Ethereum's onchain activity has reached a record high, but research suggests that the growth may be driven by spam and scams, rather than genuine user demand.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Data suggests much of the recent spike in Ethereum transactions is tied to address poisoning, a scam that relies on cheap “dust” transfers to contaminate transaction histories rather than organic user demand.
Original article published by
CoinDesk
on January 20, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.