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September: AnalytEx Monthly Ethereum Blockchain Analysis

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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. Ethereum Activity Index in September.png eth activity index historical chart (source: app.analytex.today)

The index showed an average of 48 points in September. The average indicator practically did not change in comparison with August.

Ethereum Activity Index Minimum and Maximum.png eth activity index min and max values (source: app.analytex.today)

The maximum value was observed on September 15th and amounted to 55 points. The minimum value was observed on September 11th and 43 points.

The peak value of network activity was reached on September 15, as on this day the merger of Ethereum was completed, and it switched to a proof-of-stake consensus system.

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 August was 34,908,242 with average daily volume of 1,126,072 transactions. Compared to August, the average number of transactions per day in September decreased by only 0.1% reflecting the market's waiting position. The chart below shows that the number of transactions in August and September almost completely coincide with the same values in April and May of the current year.

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

The highest average number of transactions in September was made on the 15th, 16th, and 17th, with a peak of 1,322,077 transactions. Such activity is associated with the transition of Ethereum to the proof of stake system and the activity of traders.

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

Ethereum block statistics

Average number of Ethereum blocks per day increased by 5.25%

The number of blocks per day has increased by almost 17% after the Merge of Ethereum.

In September, The Ethereum Average Number of Blocks Per Day chart shows an increase of 5.25% in the average number of blocks per day. The average number of Ethereum blocks per day in August was 6,332, and the average number of Ethereum blocks in September was 6,665.

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

At the same time, the number of blocks per day increased significantly on September 15, after the transition of Ethereum to the proof of stake system, this can be clearly seen in the chart below.

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

The average size of blocks mined per day continues to decline in September. In September the average block size was 0.49 Gb, In August this value was 0.51 Gb.

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

The Eth Total Block Size Per Month, Gb chart shows that the total block size in September was 14.57 GB, in August it was 15.71 GB. The value has decreased by 7.8%.

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

Ethereum gas prices statistics

Average Ethereum gas price decreased by 7% in September.

In September, the average Ethereum gas price was 17.12 gwei, in August it was 18.31 gwei. The gas price decreased by 7%.

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

In September, the price of gas continued to decline and broke the August low. The minimum value of the gas price in September was recorded on the 17th and was 8.88 gwei. This is the lowest recorded price of gas in the last six months. The minimum value was recorded on the 8th and was 27.02 gwei.

ethereum average gas price per day in September 2022 ethereum average gas price per day in July-August 2022 (source: app.analytex.today)

Ethereum new smart contracts statistics

The number of ERC-20 tokens created in the Ethereum network in September increased by 6.44%.

The number of ERC-20 tokens created on the Ethereum network in August was 10,066, In September this figure was 10,714. It increased by 6.44%.

Ethereum active addresses statistics

In September, the average number of unique active crypto wallets per day, as well as the average number of daily active smart contracts, decreased by 2.71% and 4.57%, 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 August this figure was 477,678, so it is a decrease of 2.71%.

ethereum averege number of daily active wallets 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 August was 26,450. In September it decreased by 4.57% and was 25,294.

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

Data-driven conclusions

September is consistently considered to be the worst month for the cryptocurrency market, which is confirmed by the data, since almost all indicators, from the number of transactions to active crypto-wallets, have slightly decreased. At the same time, on September 15, Ethereum merged and switched to the proof of stake system, so there was an increase in user activity, but even such a major event could not reverse the general trend of decreasing network activity from month to month.

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

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