Ethereum Activity Index

Ethereum activity index shows the activity of users on the Ethereum network. It is calculated automatically based on a combination of several factors, such as active wallets on the network, gas used, transaction statistics, and more. eth activity index Historical chart (source:app.analytex.today)

In July, the index showed an average of 48 points, this number is higher than in previous months, which reflects the current market situation.

The minimum value in July was 43 points. The maximum value was observed on July 26 and amounted to 70 points.

eth activity index max & min activities (source:app.analytex.today)

Ethereum transaction statistics

Average number of Ethereum transactions per day increased by 15.66%

The number of Ethereum transactions in July was 37 153 023 (average transaction volume per day was 1 198 485). The number of Ethereum transactions in June was 31,087,190 (average daily volume was 1,036,240). Compared to June, the average number of transactions per day increased by 15.66%.

eth transactions per day in July 2022 (source: app.analytex.today)

On 26 July, more than 1.6 million transactions were completed. More than 30% of <> transactions were made to the Binance exchange wallet. This may be due to several events taking place that day, such as a launch of the new NFT collection.

peak, July 2022 (source: app.analytex.today)

Ethereum block statistics

Average number of Ethereum blocks per day increased by 13.2%

On 11 July, the amount of blocks was 4824

The average number of Ethereum blocks per day in June was 5717. The average number of Ethereum blocks in July was 6473. An increase of 13.2%.

average number of blocks per day (source: app.analytex.today)

On 11 July the number of blocks was 4824, which is below the average value in July by 34%.

eht blocks per day (source: app.analytex.today)

Ethereum gas prices statistics

Average Ethereum gas price decreased by 51.41%, compared to June.

Current ethereum gas price (31 July) 11.56 gwei

The average ethereum gas price in June was 55.26 gwei, in July it was 26.85 gwei. The price decreased by 51.41%. After breaking the record for the highest gas price in May this year, in July, gas fees fell to the lowest price since April 2020, despite the fact that the total number of transactions increased. Normally, the higher the number of transactions is, the higher is the gas price.

eth gas fees chart in June 2022 (source: app.analytex.today)

eth gas fees chart in July 2022 (source: app.analytex.today)

Ethereum new smart contracts statistics

The number of ERC-20 tokens created in the Ethereum network in July increased by 93.72%

The number of ERC-20 tokens created on the Ethereum network in July was 7615, In June this figure was 3931. It increased by 93.72%.

Ethereum active addresses statistics

In July, total number of active wallets increased by 72%, compared to June

The number of Ethereum Active Addresses shot up to 1066897 on 26 July from 607651 the previous day. It is a new record with an increase of 75.58%

AnalytEx engine is able to track a number of unique daily and monthly addresses of active crypto wallets and smart contracts in various blockchains distinguishing the addresses by signatures of wallets and smart contracts.

The total number of unique active crypto wallets in the Ethereum blockchain in June was 5,033,143, in July this figure was 8 670 937, so it is an increase of 72%.

active wallets per month (source: app.analytex.today)

The average number of unique active crypto wallets per day was 401,986 in June. In July this value increased by 16.5% and was 468,273.

eth daily active wallets (source: app.analytex.today)

On the 26th of July 2022, the number of Ethereum Active Addresses shot up to 1066897 from 607651 the previous day. This was the single largest spike ever recorded, and it also set a new record for total unique active addresses by an impressive margin (the closest figure was 718k back in 2018).

eth active wallets, peak of July 26

The number of active smart contracts per month was 364,921 in June. In July this value increased by 27% and was 466,549.

active smart contracts per month (source: app.analytex.today)

Ethereum Top active addresses statistics

The most active wallets on the Ethereum network for July:

‘0xEA674FDDE714FD979DE3EDF0F56AA9716B898EC8’, ‘0x3CD751E6B0078BE393132286C442345E5DC49699’, ‘0xEA674FDDE714FD979DE3EDF0F56AA9716B898EC8’, ‘0xB5D85CBF7CB3EE0D56B3BB207D5FC4B82F43F511’, ‘0xDDFABCDC4D8FFC6D5BEAF154F18B778F892A0740’, ‘0xEB2629A2734E272BCC07BDA959863F316F4BD4CF’, ‘0xEA674FDDE714FD979DE3EDF0F56AA9716B898EC8’, ‘0x3CD751E6B0078BE393132286C442345E5DC49699’, ‘0x46340B20830761EFD32832A74D7169B29FEB9758’ ,‘0x2FAF487A4414FE77E2327F0BF4AE2A264A776AD2’, ‘0xB5D85CBF7CB3EE0D56B3BB207D5FC4B82F43F511’, ‘0xC098B2A3AA256D2140208C3DE6543AAEF5CD3A94’, ‘0x21A31EE1AFC51D94C2EFCCAA2092AD1028285549’, ‘0x28C6C06298D514DB089934071355E5743BF21D60’, ‘0xDFD5293D8E347DFE59E90EFD55B2956A1343963D’, ‘0xDDFABCDC4D8FFC6D5BEAF154F18B778F892A0740’, ‘0xEA674FDDE714FD979DE3EDF0F56AA9716B898EC8’, ‘0xEB2629A2734E272BCC07BDA959863F316F4BD4CF’, ‘0x00192FB10DF37C9FB26829EB2CC623CD1BF599E8’, ‘0x56EDDB7AA87536C09CCC2793473599FD21A8B17F’, ‘0x8A01FA5A77311BBCF29E293D8ECB48707CFDB700’, ‘0xA152F8BB749C55E9943A3A0A3111D18EE2B3F94E’, ‘0x3CD751E6B0078BE393132286C442345E5DC49699’, ‘0xA152F8BB749C55E9943A3A0A3111D18EE2B3F94E’, ‘0x2FAF487A4414FE77E2327F0BF4AE2A264A776AD2’, ‘0xB5D85CBF7CB3EE0D56B3BB207D5FC4B82F43F511’, ‘0x9696F59E4D72E237BE84FFD425DCAD154BF96976’, ‘0xDDFABCDC4D8FFC6D5BEAF154F18B778F892A0740’, ‘0x7F101FE45E6649A6FB8F3F8B43ED03D353F2B90C’, ‘0x46340B20830761EFD32832A74D7169B29FEB9758

The most active smart contracts on the Ethereum network for July:

‘0x00000000006C3852CBEF3E08E8DF289169EDE581’, ‘0xDAC17F958D2EE523A2206206994597C13D831EC7’, ‘0x00000000006C3852CBEF3E08E8DF289169EDE581’, ‘0xDAC17F958D2EE523A2206206994597C13D831EC7’, ‘0x68B3465833FB72A70ECDF485E0E4C7BD8665FC45’, ‘0xA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48’, ‘0xDAC17F958D2EE523A2206206994597C13D831EC7’, ‘0x68B3465833FB72A70ECDF485E0E4C7BD8665FC45’, ‘0xA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48’, ‘0x283AF0B28C62C092C9727F1EE09C02CA627EB7F5’, ‘0xC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2’, ‘0x283AF0B28C62C092C9727F1EE09C02CA627EB7F5’, ‘0xDAC17F958D2EE523A2206206994597C13D831EC7’, ‘0x00000000006C3852CBEF3E08E8DF289169EDE581’, ‘0xDAC17F958D2EE523A2206206994597C13D831EC7’, ‘0x68B3465833FB72A70ECDF485E0E4C7BD8665FC45’, ‘0x7A250D5630B4CF539739DF2C5DACB4C659F2488D’, ‘0xC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2’, ‘0x00000000006C3852CBEF3E08E8DF289169EDE581’, ‘0x00000000006C3852CBEF3E08E8DF289169EDE581’, ‘0x68B3465833FB72A70ECDF485E0E4C7BD8665FC45’, ‘0xA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48’, ‘0x68B3465833FB72A70ECDF485E0E4C7BD8665FC45’, ‘0x881D40237659C251811CEC9C364EF91DC08D300C’, ‘0xA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48’, ‘0x1111111254FB6C44BAC0BED2854E76F90643097D’, ‘0x4CB18386E5D1F34DC6EEA834BF3534A970A3F8E7’, ‘0x7A250D5630B4CF539739DF2C5DACB4C659F2488D’, ‘0x95AD61B0A150D79219DCF64E1E6CC01F0B64C4CE’, ‘0xA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48’

Data-driven conclusions

In July, The overall performance of the Ethereum blockchain was growing. We can observe an increase in the number of transactions, the deployment of new smart contracts and even the average number of unique active crypto wallets (more users are engaged and active on the network) as well as the number of active smart contracts, Ethereum activity index has increased, and it is 44 points now, but at the same time, the gas price in the network has decreased significantly. This is due to the fact that there are no significant events that require fast mining of transactions, since the Block can include a limited number of them. Such a situation on the market allows us to conclude that the activity of the network is increasing, as well as the market as a whole, but only time will tell whether this can be the beginning of the end of the bearish cycle or not.

All charts are described in the documentation