TechFlow news: On February 4, according to Cointelegraph, the number of stablecoin “dust attacks” on Ethereum surged significantly following the Fusaka upgrade, now estimated to account for 11% of Ethereum’s total transaction volume and 26% of its daily active addresses.
Coin Metrics analyzed over 227 million USDC and USDT balance updates between November 2025 and January 2026, finding that 43% involved transfers under $1, and 38% were even below one cent—transactions that “serve no meaningful economic purpose beyond wallet seeding.”
Prior to the Fusaka upgrade, stablecoin dust transactions accounted for roughly 3–5% of Ethereum transactions and 15–20% of active addresses; post-upgrade, these figures jumped to 10–15% of transactions and 25–35% of active addresses—a two- to threefold increase.
These “dust attacks” typically involve malicious actors sending fractions of a cent in stablecoins from addresses resembling legitimate wallets, tricking users into copying incorrect addresses during transactions. Reports indicate losses totaling $740,000 due to address-spoofing attacks.
