A surge in scam-related activity pushed Ethereum’s daily transaction count to a record high in mid-January 2026, with nearly 2.9 million transactions processed in a single day. Analysts linked much of the spike to address poisoning and dusting scams, where attackers send tiny token transfers to large numbers of wallets. Falling gas fees made these attacks cheaper to execute, inflating network activity figures and masking the true level of organic user demand.