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August: AnalytEx Monthly Binance Smart Chain Analysis

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All charts are available at the AnalytEx BSC Charts & Statistics.

BSC transaction statistics

Average number of BNB transactions per day decreased by 15.23%

The average number of BSC transactions in July was 3,702,301. The average number of BSC transactions in August was 3,212,922. Compared to July, the average number of transactions in August decreased by 15.23%. The chart below shows that the average number of transactions per day on Binance Smart Chain has been steadily declining, continuing a trend that has been going on for several months now.

BSC average number of transactions per day BSC Average Transactions Per Day (source: app.analytex.today)

On August 1st, 3,724,440 transactions were completed. It is the highest number of transactions completed per day in August on the Binance Smart Chain. The minimum number of 2,595,450 transactions was confirmed on August 21th.

BSC transactions per day Binance Smart Chain Daily Transactions, August 2022 (source: app.analytex.today)

BSC block statistics

Average number of BSC blocks per day decreased by 1.58% in August

The BSC Average Number of Blocks Per Day chart shows a decrease of 1.58% in the average number of blocks per day on the Binance Smart Chain in August. The average number of BSC blocks per day in July was 28,729, and the average number of BSC blocks in August was 28,193.

BSC average number of blocks per day BSC Average Number of Blocks Per Day, April 2022 - August 2022 (source: app.analytex.today)

The average size of blocks mined per day continues its decrease. In July, the average size of all blocks validated in one day on the Binance Smart Chain was 0.99 Gb, in August this value was reduced to 0.86 Gb.

BSC average daily block size BSC Average Size of Blocks Mined Per Day, April 2022 - August 2022 (source: app.analytex.today)

Similar trend is shown on the BSC Total Block Size Per Month, Gb chart. It can be seen that the total size of blocks mined per month in the Binance Smart Chain in August 2022 was 26.53 Gb, 15.45% less than in July 2022 when this amount was 30.63 Gb.

BSC total block size per month BSC Total Block Size Per Month, April 2022 - August 2022 (source: app.analytex.today)

BSC gas prices statistics

Average BSC gas price increased by 4.43%, compared to July.

The average gas price in Binance Smart Chain remained almost unchanged. The average gas price on the Binance Smart Chain in July was 6.89 gwei, in August it increased by 4.43% and was 7.21 gwei.

BSC average gas price per month BSC Average Gas Price Per Month, Gwei, April 2022 - August 2022 (source: app.analytex.today)

The highest gas price, fixed in August, was on the 29th of August 2022, when it reached the value of 8.68 gwei. It is 23.5% above the lowest gas price of 6.64 gwei on the 13th of August.

BSC average gas price per day BSC Average Gas Price Per Day, Gwei, August 2022 (source: app.analytex.today)

BSC active addresses statistics

In August, the total number of unique active wallets increased by 19.58% compared to July.

AnalytEx engine distinguishes wallet addresses from smart contracts addresses, hence is able to track user activity in addition to overall activity on the chain.

In July, the average number of daily active addresses on the Binance Smart Chain was 905,405. In August, this number decreased to 839,052. It is a decrease of 7.9%.

BSC average number of daily active addresses BSC Average Number of Daily Active Addresses, April 2022 - August 2022 (source: app.analytex.today)

The total number of unique active crypto wallets increased significantly in August. The total number of unique active crypto wallets in July was 7,354,819, in August this value increased by 19.58% and was 9,146,225. The average number of unique active crypto wallets per day was 871,973 in July. In August this value decreased by 19.19% and was 798,559.

BSC active wallets per month BSC Active Wallets Per Month, April 2022 - August 2022 (source: app.analytex.today)

Data-driven conclusions

Overall activity on Binance Smart Chain continues to decline. Indicators such as the number of completed transactions, the deployment of new smart contracts, and the average number of blocks per day continue to decline. However, we are seeing a slight increase in the cost of gas on the Binance Smart Chain network, as well as an increase in the total number of unique active wallets. At the same time, the average number of unique active addresses per day has decreased.

The data indicates that the activity of the BSC network is decreasing, but not as much as in previous months, but do not forget that September is traditionally the worst month for the cryptocurrency market.

All charts are available at the AnalytEx BSC Charts & Statistics.

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