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July 2022 – Monthly Research Key Data – Average ETH Gas Price Down 51% – Crypto News Updates

key data

  • Average number of Ethereum (ETH)-Transactions per day increased by 15.7% in July.
  • Average Ethereum gas price is down 51.4% compared to June.
  • The total number of active wallets increased by 72% in July compared to June.
  • In July, the number of ERC-20 tokens created on the Ethereum network increased by 93.7%
  • The number of Ethereum active addresses shot up from 607,651 the previous day to 1,066,897 on July 26, 2022. With an increase of 75.6%, this is a new record.

There were 31,087,190 Ethereum transactions in June (average daily volume was 1,036,240).

From July 1 to July 31, 2022 there were 37,153,023 transactions (the average transaction volume per day was 1,198,485). The average number of transactions per day increased by 15.7%.

In June, the average Ethereum gas price was 55.26 gwei and in July it was 26.85 gwei. The price fell by 51.4%.

investment tip July 2022 – Monthly Research Key Data – Average ETH Gas Price Down 51% – Crypto News Updates, Crypto Trading News

In June is the total number of unique active crypto wallets in Ethereum Blockchain was 5,033,143. In July 8,670,937 (up 72%).

In June, the average number of unique active crypto wallets per day was 401,525. In July, that figure rose 23.9% to stand at 498,000.

Compared to June, the number of ERC-20 tokens created on the Ethereum network increased by 93.7% in July. (7,615 in July versus 3,931 in June).

Gas price in June 2022

July 2022 – Monthly Research Key Data – Average ETH Gas Price Down 51% – Crypto News Updates, Crypto Trading News

Gas price in July 2022

In July, gas fees fell to their lowest since April 2020, despite an increase in the total number of transactions. Normally, the higher the number of transactions, the higher the gas price.

On July 26, 2022, the number of Ethereum active addresses shot up to 1,066,897 from 607,651 the previous day. It was the largest increase on record and it also sets a new record for the total number of unique active addresses the previous one was 718,000 in 2018.

Also on July 26, 2022, more than 1.6 million transactions were completed. More than 30% of the transactions were sent to the Wallet sent to the Binance exchange.

July 2022 – Monthly Research Key Data – Average ETH Gas Price Down 51% – Crypto News Updates, Crypto Trading News

ETH transactions per day in July 2022

Data-Based Conclusion

In July, we see an interesting trend as the overall performance of the Ethereum blockchain grows. We can see an increase in all indicators such as the number of transactions, the deployment of new smart contracts and even the average number of unique active crypto wallets.

At the same time, the gas price for the network has fallen significantly. This indicates that there are no significant events that require rapid transaction mining. Time will tell whether this could indicate the beginning of a trend reversal.

Olga Ortega is Chief Product Officer and co-founder of the real-timeDeFi– Explorer’s AnalytEx by HashEx. She is an accomplished IT professional with over 12 years of experience designing and implementing big data systems. Over the years, Olga has held leadership positions in several global organizations such as IT giants Google and Facebook. At AnalytEx she is responsible for driving the development of the project.

Featured image: Shutterstock/Tithi Luadthong/Natalia Siiatovskaia

Source: Crypto News Deutsch

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