August 2022, Monthly Binance Smart Chain Analysis – BSC Gas Price Increased by 4.4%
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- The average number of transactions per day fell by 15.2% in August.
- Average Binance Smart Chain (BSC) gas prices rose 4.4% in August compared to July.
- The total number of unique active wallets increased by 19.6%.
B.Sc transaction statistics
The average number of BSC transactions per day decreased by 15.2%.
The average number of BSC transactions in August was 3,212,922. The average number of BSC transactions in July was 3,702,301. Compared to July, the average number of transactions in August fell by 15.2%.
BSC average transactions per day
The highest number of transactions per day in August on Binance Smart Chain was completed on August 1, 2022, with 3,724,440 transactions. A minimum of 2,595,450 transactions were confirmed on August 21, 2022.
Binance Smart Chain Daily Transactions August 2022
B.Sc Block Stats
The average number of BSC blocks per day decreased by 1.6%.
The average number of BSC blocks per day in July was 28,729 and the average number of BSC blocks in August was 28,193. The average number of blocks per day on the Binance smart chain fell by 1.6% in August.
Average number of blocks per day by BSC April
In July, the average size of all blocks validated in one day on the Binance smart chain was 0.99 Gb. In August, this value was reduced to 0.86 GB, a decrease of 15.1%.
BSC is the average block size mined per day by April
A similar trend is shown in BSC total block size per month. It can be seen that the total block size mined per month on the Binance Smart Chain in August 2022 was 26.53 GB. In July 2022, this amount was 30.63 GB, a decrease of 15.5%.
BSC total block size per month by April
BSC Gas Price Statistics
The average price of BSC gas increased by 4.4%.
The average gas price on the Binance smart chain in July was 6.89 gwei In August, it increased by 4.4% and was 7.21 gwei.
BSC average gas price in Gwei during April
The highest gas price, set in August, was on August 29, 2922, when it reached 8.68 gwei. The lowest gas price, fixed in August, is on August 13, 2022 and is equal to 6.64 gwei.
BSC average gas price per day in Gwei in August 2022
BSC active address statistics
In August, the total number of unique active wallets increased by 19.6%.
In July, the average number of daily active addresses on the Binance smart chain was 905,405. In August, this number fell by 7.9% to 839,052.
Average number of BSC daily active addresses in April
The total number of unique active crypto wallets in July was 7,354,819. In August, this value increased by 19.6% and was 9,146,225. The average number of unique active crypto wallets per day in July was 871,973.
In August, this value decreased by 19.2% and was 798,559.
BSC active wallet every month through April
Binance Smart Chain’s overall activity continues to decline. However, we are seeing a slight increase in gas prices on the Binance Smart Chain networkAs well as increasing the total number of unique active wallets.
At the same time, the average number of unique active addresses per day has decreased. Indicators, such as the number of new smart contracts deployed, completed transactions and average blocks per day, continue to decline.
The data suggests that activity on the BSC network is declining, suggesting a continuation of the bearish trend.
Olga Ortega is the Chief Product Officer and Co-Founder of Real-Time Defy Explorer AnalytEx by HashX. He is an accomplished expert in the field of IT, with more than 12 years of experience in the development and implementation of large-scale data systems. Over the years, Olga has held directorships in several global organizations such as IT giants Google and Facebook. At AnalytEx, he is responsible for project development.
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