Ethereum block statistics show that the average number of blocks mined each day showed little or no changes, while the total block size per month increased by 7%.
Stepping into 2023, the cryptocurrency market seems to shrug its bearish sentiment from a year in 2022. As investors noted, the long-awaited price corrections had a significant reaction, presented through chain activities on the Ethereum blockchain.
According to a data report from Analytex, the average price of Ethereum gas – calculated on the basis of the lowest ether name (ETH), gwei – increased by 29.27% in January 2023. The report compares gas prices in January and December 2022, citing an increase in user activity as a key indicator for the increase in the average gas price from 19.2 gwei to 24.82 gwei month by month.
The report also notes that the average number of premium active Ethereum wallets per day fell by about 10%, to 387,475, the lowest figure in six months. Meanwhile, the average number of premium active smart contracts increased by 6.74%.
As shown above, other important measured metrics include daily Ethereum transaction data, which showed a slight 0.8% drop from December to January. The report notes that the average number of Ethereum transactions per day has been decreasing for eight months.
Ethereum block statistics show that the average number of blocks mined each day showed little or no changes, while the total block size per month increased by 7%. Following the merge, the average daily block data was stable at about 0.01% monthly. The total size of the Ethereum block per month for January was 17.24 GB, up 7.08% from the total of 16.1 GB in December.
The report highlights contrasting data values globally. The number of transactions and the number of unique active wallets have declined since December. Meanwhile, the Ethereum activity index, the number of active smart contracts, and the average gas cost prices have increased.
Analytex suggests that this indicates increased interest in both current blockchain users and smart contract developers.
According to Analytex, this indicates "increasing interest from both current blockchain users and smart contract developers."
As Cointelegraph has previously reported, decentralized financial protocols (DeFi) saw an increase in total locked in various staking pools in January, according to a report by DappRadar. The market touched $74.6 billion in assets, up 26% from December.
The looming Shanghai upgrade to Ethereum is also raising the stakes in DeFi due to expected withdrawals from staking Ethereum contracts. Lido Finance tipped DAO Maker as the top DeFi protocol in January, driven by the popularity of liquid derivatives staking protocols.
