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November 2022 – Ethereum Number of New Smart Contracts Fell by 58%

Key data

  • Average Ethereum () gas price increased by 1.8% in November.
  • The number of ERC-20 tokens created in the Ethereum network in November decreased by 58%.
  • Average number of Ethereum transactions per day has been declining for more than six months now.
  • In November, the average number of Ethereum blocks per day has changed by just 0.01%.
  • The number of blocks per day and the block size remain almost unchanged.
  • In November, the average number of unique active crypto wallets per day decreased by 7.3% but the average number of unique active smart contracts increased by four percent.

Ethereum gas prices statistics

  • Average Ethereum gas price increased by 1.8% in November.

In October, the average Ethereum gas price was 22.5 gwei. In November, it was 22.9 gwei. The gas price increased by 1.8%.

Ethereum average gas price per month

The minimum value of the gas price in November was recorded on the 27th and was 13.4 gwei. The maximum value was recorded on the ninth and was 61.07 gwei.

Ethereum average gas price per day in November 2022

Ethereum new smart contracts statistics

  • The number of ERC-20 tokens created in the Ethereum network in November decreased by 58%.

The number of ERC-20 tokens created on the Ethereum network in October was 14,295. In November, this figure was 9,050. It has decreased by 58%. A similar decrease is observed in all chains.

Ethereum transaction statistics

  • Average number of Ethereum transactions per day has been declining for more than six months now.

The number of Ethereum transactions in October was 34,122,532, with an average daily volume of 1,100,726 transactions. The total number of Ethereum transactions in November was 31,264,848, with an average daily volume of 1,042,161 transactions. This value decreased by 5.6%, continuing to decline for six months in a row.

Ethereum average number of transactions per day

The highest average number of transactions in November was recorded on the ninth, with a peak of 1,219,648 transactions, which is less than in October 2022.

Ethereum transactions peak – November 2022

Ethereum block statistics

  • In November, the average number of Ethereum blocks per day changed by just 0.01%.
  • The number of blocks per day and the block size remain almost unchanged.

The ‘Ethereum average number of blocks per day’ chart shows interesting statistics in November. The average number of Ethereum blocks in October was 7,157, and the average number of Ethereum blocks per day in November was 7,158. The difference is only one block or 0.01%.

Ethereum average number of blocks per day in November 2022

The ‘number of blocks per day’ chart looks really stable after ‘The Merge.’

Ethereum blocks per day in November 2022

The average block size was 0.51 Gb in November. In October, this value was 0.5 Gb. The average size of blocks mined per day has increased by 1.96%.

Ethereum average daily block size

The ‘Ethereum total block size per month, Gb’ chart shows that the total block size in November was 15.28 Gb. In October, it was 15.4 Gb. The value has decreased by 0.78%.

Ethereum total block size per month

Ethereum active addresses statistics

  • In November, the average number of unique active crypto wallets per day decreased by 7.3%, but the average number of unique active smart contracts increased by four percent.

In November, the average number of unique active crypto wallets per day in the Ethereum blockchain was 401,577. In October, this figure was 430,783, so it is a decrease of 7.3%. Similar dynamics were observed last month.

Ethereum average number of daily active wallets

In turn, the number of active smart contracts has slightly increased. This value in November was 25,100. It was 24,123 in October. It is an increase of four percent.

Ethereum average number of daily active smart contracts

Data-driven conclusions

The record low changes in the number of mined blocks per day in the Ethereum network as well as completely insignificant changes in block sizes indicate that the Ethereum chain has fully felt the effects of The Merge and has fully adapted.

In November, the data shows a further decline in all network activity at all levels. Most of all, the decrease is noticeable in the number of new ERC-20 tokens created in all networks. This figure has fallen significantly.

Winter begins in the world, the planet is preparing for the holidays, but crypto winter is still going on.

Max Nekoz is the data analyst and senior innovation manager of the real-time DeFi explorer AnalytEx by HashEx. Max is a crypto enthusiast and has been analyzing blockchains for over five years. For more than two years, he has been working at HashEx Blockchain Security and is actively developing the company’s products.

Featured Image: Shutterstock/k_yu/monkographic

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 12/6/2022

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