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

Ethereum Activity Index

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

The average indicator is bigger than in September in General. In October, the index showed an average of 51 points.

eth activity index min and max values (source: app.analytex.today)

The minimum value was observed on October 30th and was 42 points. The maximum value was observed on October 10th and amounted to 60 points.

Ethereum transaction statistics

Average number of Ethereum transactions per day decreased insignificantly

In September, the total number of Ethereum transactions was 33,741,733 with average daily volume of 1,124,724 transactions. The number of Ethereum transactions in October was 34,122,532 with average daily volume of 1,100,726 transactions. Compared to September, the average number of transactions per day in October decreased by 0.28% continuing the bear trend. The chart below shows that the market is moving sideways in anticipation of a denouement.

eth average number of transactions per day (source: app.anayltex.today)

The highest average number of transactions in September was made on the 15th, The highest average number of transactions in October was made on the third with a peak of 1,307,142 transactions. October is not distinguished by significant events and peaks, which reflects the full expectant position of market players.

eth transactions peak, October 2022 (source: app.analytex.today)

Ethereum block statistics

Average number of Ethereum blocks per day increased by 7.38% because of the Merge

The number of blocks per day and the block size are continuing to increase because of the Merge

In October, The Ethereum Average Number of Blocks Per Day chart shows an increase of 7.38% in the average number of blocks per day. The average number of Ethereum blocks per day in September was 6,665, and the average number of Ethereum blocks in October was 7,157.

eth average number of blocks per day in October 2022 (source: app.analytex.today)

The number of blocks per day increased on September 15, after the transition of Ethereum to the Proof of Stake system, and in October it is stable at 7,157 blocks on average, this can be clearly seen in the chart below.

eth blocks per day in October 2022 (source: app.analytex.today)

In September the average block size was 0.49 Gb, In October this value was 0.50 Gb. The average size of blocks mined per day increased by 2.04%.

eth average daily block size (source: app.analytex.today)

The Eth Total Block Size Per Month, Gb chart shows that that the total block size in September was 14.57 GB, in October it was 15.4 GB. The value has increased by 5.7%.

ethereum total block size per month (source: app.analytex.today)

Ethereum gas prices statistics

Average Ethereum gas price increased by 31.25% in October because of the chain activity.

In October, the average Ethereum gas price was 22.47 gwei, in September it was 17.12 gwei. The gas price increased by 31.25%.

eth average gas price per month (source: app.analytex.today)

In October, the price increased in spite of the Merge. It means that the chain activity increased significantly. The minimum value of the gas price in October was recorded on the 2nd and was 8.48 gwei. This is the lowest recorded price of gas in the last seven months. The maximum value was recorded on the 10th and was 37.58 gwei.

ethereum average gas price per day in October 2022 (source: app.analytex.today)

Ethereum new smart contracts statistics

The number of ERC-20 tokens created in the Ethereum network in October increased by 33.4%

The number of ERC-20 tokens created on the Ethereum network in October was 14,295, In September this figure was 10,714. It increased by 33.4%.

Ethereum active addresses statistics

In October, the average number of unique active crypto wallets per day, as well as the average number of daily active smart contracts, decreased by 7.37% and 4.63%, respectively.

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.

In September, the average number of unique active crypto wallets per day in the Ethereum blockchain was 465,072, in October this figure was 430,783, so it is a decrease of 7.37%.

ethereum average number of daily active wallets (source: app.analytex.today)

A similar situation is observed with the average number of daily active smart contracts. This value in September was 25,294. It decreased by 4.63% and was 24,123 in October.

ethereum average number of daily active smart contracts (source: app.analytex.today)

Ethereum price

Ethereum’s price saw mostly sideways movement during October, with ETH/USD trading flat for the better part of the month. However, it is worth noting that ETH’s price saw a significant move to the top in the final week of October, reaching a peak of $1,640 on October 29. At press time, the market capitalization of Ethereum stands at roughly $198 billion.

ethereum price changes (source: CoinCodex)

Data-driven conclusions

The October data continues to reflect the impact of the Ethereum blockchain transition to a Proof of Stake system. Thus, the number of blocks per day has increased, as well as their size. At the same time, the activity of the network as a whole increased, as the price of gas increased despite the fundamental decline in the price of gas after the Merge. The number of new smart contracts on the Ethereum network has also grown - this is a good sign. However, the number of active wallets and smart contracts continues to decline. This means that only the most persistent remain on the market and the activity of specific users is growing day by day, which can positively affect the market, which is simply tired of looking down.

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