Key data
Ethereum gas prices statistics
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%.
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 new smart contracts statistics
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
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.
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 block statistics
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%.
The ‘number of blocks per day’ chart looks really stable after ‘The Merge.’
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%.
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 active addresses statistics
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.
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.
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.
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