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Key data

Average Ethereum (ETH) gas price increased by 1.8% in November.
The number of ERC-20 tokens created in the Ethereum network in November decreased by 58%.
Average number of Ethereum transactions per day has been declining for more than six months now.
In November, the average number of Ethereum blocks per day has changed by just 0.01%.
The number of blocks per day and the block size remain almost unchanged.
In November, the average number of unique active crypto wallets per day decreased by 7.3% – but the average number of unique active smart contracts increased by four percent.

Ethereum gas prices statistics

Average Ethereum gas price increased by 1.8% in November.

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%.

Ethereum average gas price per month
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 average gas price per day in November 2022
Ethereum new smart contracts statistics

The number of ERC-20 tokens created in the Ethereum network in November decreased by 58%.

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

Average number of Ethereum transactions per day has been declining for more than six months now.

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.

Ethereum average number of transactions per day
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 transactions peak – November 2022
Ethereum block statistics

In November, the average number of Ethereum blocks per day changed by just 0.01%.
The number of blocks per day and the block size remain almost unchanged.

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%.

Ethereum average number of blocks per day in November 2022
The ‘number of blocks per day’ chart looks really stable after ‘The Merge.’

Ethereum blocks per day in November 2022
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%.

Ethereum average daily block size
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 total block size per month
Ethereum active addresses statistics

In November, the average number of unique active crypto wallets per day decreased by 7.3%, but the average number of unique active smart contracts increased by four percent.

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.

Ethereum average number of daily active wallets
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.

Ethereum average number of daily active smart contracts
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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Featured Image: Shutterstock/k_yu/monkographic
The post November 2022 – Ethereum Number of New Smart Contracts Fell by 58% appeared first on The Daily Hodl.


Key data Average Ethereum (ETH) gas price increased by 1.8% in November. The number of ERC-20 tokens created in the Ethereum network in November decreased by 58%. Average number of Ethereum transactions per day has been declining for more than six months now. In November, the average number of Et...

dailyhodl.com

November 2022 – Ethereum Number of New Smart Contracts Fell by 58%

An AI chatbot alleged Ripple can secretly control its blockchain through an undisclosed backdoor in the network's code and has been ridiculed by the firm's CTO.

cointelegraph.com

Ripple CTO shuts down XRP conspiracy theory from ChatGPT

Leading analytics firm Santiment reveals that the two largest Chainlink (LINK) investor cohorts have loaded up on the Ethereum (ETH)-based oracle network to the tune of $194.3 million in just two months.
According to Santiment, LINK whales and sharks now hold the largest percentage of Chainlink’s supply since the altcoin was created in 2017.

“Chainlink’s shark and whale address, holding between 1,000 to one million LINK, have gone on an unprecedented surge of accumulation. These wallets have added a collective 26.8 million LINK ($194.3 million) in just two months, a 12.8% increase of coins to their bags.” 
Source: Santiment/Twitter
Amid heavy whale and shark accumulation, crypto strategist Kaleo tells his 550,500 Twitter followers that he expects Chainlink to outperform Bitcoin (BTC) in the coming months.
According to Kaleo, the LINK/BTC pair has broken out of its diagonal resistance on the daily chart and looks poised to a rally toward his target at 0.0007 BTC ($12.04).
“LINK/BTC is on the verge of sending.”
Source: Kaleo/Twitter
At time of writing, LINK is swapping hands for $7.54, an increase of 3% on the day.
Santiment is also keeping an eye on payments-focused altcoins XRP and Stellar (XLM). According to the insights firm, both altcoins dominated crypto-related social media discussions on Friday.
“XRP, Stellar, and Status (SNT) are all currently on the top trending list in crypto Friday. These assets are all relatively even on the day, which means pump chances are higher than usual. But watch for a quick sell-off if they do while trending.” 
Source: Santiment/Twitter
At time of writing, XRP is changing hands for $0.39 while XLM is valued at $0.08.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Adisakdi
The post Whales and Sharks Accumulate $194,000,000 Worth of Ethereum-Based Altcoin in Just Two Months: Analytics Firm Santiment appeared first on The Daily Hodl.


Leading analytics firm Santiment reveals that the two largest Chainlink (LINK) investor cohorts have loaded up on the Ethereum (ETH)-based oracle network to the tune of $194.3 million in just two months. According to Santiment, LINK whales and sharks now hold the largest percentage of Chainlink&#...

Whales and Sharks Accumulate $194,000,000 Worth of Ethereum-Based Altcoin in Just Two Months: Analytics Firm Santiment

Crypto lender Celsius Network is undergoing the auction of its assets as part of the bankruptcy proceedings. The company was affected by the collapse of the Terra (LUNA) ecosystem and hedge fund Three Arrows Capital (3AC). 

While Celsius was forced to halt operations, other companies in the industry benefited and found value in the once-prominent lending and custody environment. In that sense, investment firm Galaxy Digital participated in the auction and acquired one of the crypto lender company’s valuable assets, GK8.

Today, @GalaxyHQ, a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, confirmed their intention to acquire substantially all of the assets, liabilities, and contracts of GK8.
— Celsius (@CelsiusNetwork) December 2, 2022 
Galaxy Growths In The Bear Market, Celsius Sells Custody Platform
According to a press release shared with Bitcoinist, Galaxy Digital announced their “intention” to acquire the institutional-grade self-custody platform GK8. A court must approve the purchase before completion as part of the Chapter 11 bankruptcy proceedings. 
The release claims that GK8 allows its customers to store their cryptocurrencies with “patented technology” and the “highest possible security.” Users can send transactions without connecting their hardware to the internet to benefit from an extra layer of security. 
Galaxy Digital will acquire the company and support its activities while the custody solution is integrated with GalaxyOne. The latter is a new initiative allowing institutions to trade, lend, and access margin-based crypto products. 
Galaxy Digital will implement a wide range of custodial options for the new platform. Talking about the acquisition, Mike Novogratz, Founder and CEO of Galaxy Digital said: 
The acquisition of GK8 is a crucial cornerstone in our effort to create a truly full-service financial platform for digital assets, ensuring our clients will have the option to store their digital assets at or separate from Galaxy without compromising versatility and functionality. Adding GK8 to our prime offering at this pivotal moment for our industry also highlights our continued willingness to take advantage of strategic opportunities to grow Galaxy in a sustainable manner.
BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview
Galaxy Improves Its Custodial Solutions, Looks Into The Future
In addition to its products, Galaxy will bring in over 40 people from the custody company and an office in Tel Aviv. The founders of GK8, Lior Lamesh, and Shahar Shamai, will stay at the company’s helm. The founders added:
We are excited by the prospect of joining one of the leading providers of financial and digital asset services to institutions who truly understand the impact of GK8’s custody technology on the future of blockchain. With the backing of Galaxy (…).
In the wake of the collapse of significant crypto companies, the narrative around self-custody is growing stronger. Many prominent figures in the crypto space are asking investors to learn how to remove their assets from exchanges and to practice a form of custody. 
Data from Glassnode indicates that the Bitcoin balance on exchange platforms returned to its 2019 levels. As a result, millions of dollars in digital assets left centralized exchanges over the past month. This downside trend represents a lack of confidence from users in centralized trading venues.
Bitcoin balance on exchange is dropping, but without positively impacting BTC’s price. Thus hinting at a lack of confidence from BTC investors on exchanges. Source: Glassnode



In this environment, self-custody platforms such as GK8 might provide value for Galaxy Digital. In particular, if the lack of confidence in centralized trading venues increases in the long run. 


Crypto lender Celsius Network is undergoing the auction of its assets as part of the bankruptcy proceedings. The company was affected by the collapse of the Terra (LUNA) ecosystem and hedge fund Three Arrows Capital (3AC).  Related Reading: Bitcoin At $500K No Longer Possible, Galaxy Digital CEO ...

bitcoinist.com

Why Galaxy Digital Purchased Assets Auctioned In Celsius Network’s Bankruptcy

According to a report published by the global dapp store platform, Dappradar, blockchain gaming hardly felt the impact of the recent FTX collapse and the crypto market carnage that ensued. Dappradar’s Blockchain Games Report indicates that the number of daily unique active wallets (dUAW) participating in blockchain gaming dropped slightly to 800,875 UAWs in November, down from just above 900,000 UAWs recorded during the last two months. Moreover, Dappradar says that blockchain gaming accounted for “a healthy 46% of all blockchain activity.”
Report: Blockchain Gaming Shrugs off FTX Collapse With More Than 800,000 Daily Unique Active Wallets
A study published by Dappradar and shared with Bitcoin.com News shows that despite the recent FTX fallout, blockchain gaming has remained steadfast. Presently, a significant amount decentralized apps (dapps) from dappradar.com’s top dapp list are blockchain games like Alien Worlds, Splinterlands, Farmers World, Benji Bananas, and Planet IX.

Dappradar’s report says the most popular blockchain in terms of blockchain gaming was Wax, and the BNB chain was the second-most popular blockchain. Wax had an average of 344,284 daily UAWs, while the BNB blockchain saw an average of 171,269 dUAWs.

The BNB blockchain did take a hit after the FTX collapse, as the number of average dUAWs dropped by 35% in November. Dappradar’s study says Solana took a much bigger hit as November’s gaming activity via Solana was down 89.42%.

Solana’s dUAW stats indicate it dropped to “2,326 daily UAWs, the lowest number it has registered thus far,” the Dappradar researcher’s noted. “The Wax-based Alien Worlds managed to grow its user base by an impressive 25% to emerge as the most-played game of all, with 212,000 dUAWs,” the report details.

Splinterlands was the second-most-played blockchain game with 169,000 dUAWs, Dappradar explains. “​​Upland, the AR mobile estate game, continues to be on a downward trend in activity, and in October it reached 31,595 dUAW,” Thursday’s report highlights.
“The mobile game Trickshot Blitz had an astonishing increase of 70% in activity month over month. The casual game on the Flow blockchain reached 23,086 dUAW.” The report also shows that interest in Axie Infinity continues to decline. The report states:
Axie Infinity continues along its downward trend: this October they had an average of 19,434 dUAW, a 21% decrease from September. Nonetheless, they announced the release of Axie Infinity: Raylights, their first third-party product utilizing existing Axie NFTs in a new way.
Want to read Dappradar’s Blockchain Games Report in its entirety? You can check it out here.
What do you think about Dappradar’s blockchain gaming study? Let us know what you think about this subject in the comments section below.



According to a report published by the global dapp store platform, Dappradar, blockchain gaming hardly felt the impact of the recent FTX collapse and the crypto market carnage that ensued. Dappradar&#x2019;s Blockchain Games Report indicates that the number of daily unique active wallets (dUAW) p...

Synthetix Network price	$1.95
Low - High 24H	$1.81 - $2.02
Market cap	$469.40M
Volume 24H	$70.46M
All time high	$28.53 -93.16% February 14th 2021
All time low	$0.034786 5511.97% January 6th 2019
Genesis date	N/A

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