September 2022 – Binance Smart Chain Analysis
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Key data
- In September, the average number of unique active wallets per day increased by 11.5%.
- Average number of BNB transactions per day increased by 1.2% in September.
- In September, average number of BSC blocks per day increased by 1.4%.
- Average BSC gas price decreased by 2.1%, compared to August.
BSC transaction statistics
- Average number of BNB transactions per day increased by 1.2%.
The average number of Binance Smart Chain (BSC) transactions per day in August was 3,212,922. The average number of BSC transactions per day was 3,252,189 in September. Compared to August, the average number of transactions in September slightly increased by 1.2%.
The chart below shows that the average number of transactions per day on Binance Smart Chain has increased but it was still less than this value in June and July.
BSC average transactions per day
The largest number of transactions per day in September on Binance Smart Chain was registered on the 9th and was 4,219,357. The minimum number of 2,689,221 transactions was confirmed on August 25, 2022.
Binance Smart Chain daily transactions
BSC block statistics
- Average number of BSC blocks per day increased by 1.4% in September.
The “BSC average number of blocks per day” chart shows an increase of 1.4% in the average number of blocks per day on the Binance Smart Chain in September. The average number of BSC blocks per day in September was 28,586, and the average number of BSC blocks in August was 28,193.
BSC average number of blocks per day
The average size of blocks mined per day continues its decrease. It was 0.86 Gb in August. In September, this value was slightly reduced to 0.84 Gb.
BSC average size of blocks mined per day
Similar trend is shown on the “BSC total block size per month” Gb chart. It can be seen that the total size of blocks mined per month in the Binance Smart Chain in September 2022 was 25.1 Gb 5.7% less than in August 2022 when this amount was 26.5 Gb.
BSC total block size per month
BSC gas prices statistics
- Average BSC gas price decreased by 2.1%, compared to August.
The average gas price on the Binance Smart Chain in September was 7.1 gwei. In August, it was 7.2 gwei. It is a decrease of 2.1%.
BSC average gas price per month, Gwei
In September, there were no significant peaks in the average gas price per day. The price moved steadily in the range from 6.5 to 7.5 Gwei.
BSC average gas price per day, Gwei
BSC active addresses statistics
- In September, the average number of unique active wallets per day increased by 11.5%, compared to August.
The average number of daily active wallets on the Binance Smart Chain was 890,253 in September. In August, this number was 798,559. It is an increase of 11.5%.
BSC average number of daily active wallets
The average number of active smart contracts in September was 30,941. In August, this value was 31,855. It is a decrease of three percent.
BSC average number of daily active smart contracts
Data-driven conclusions
For Binance Smart Chain, September was not a bad month in terms of data. The network’s performance increased slightly compared to August.
The number of active wallets on the network has grown by more than 11%, which is a good indicator against the fact that September is traditionally considered the worst month of the year for the cryptocurrency market. But it is too early to talk about significant improvements in the direction of a change in trend.
Olga Ortega is the chief product officer and co-founder of the real-time DeFi explorer AnalytEx by HashEx. She is an accomplished expert in the field of IT, with over 12 years in development and implementation of large-scale data systems. Over the years Olga held managerial positions in multiple global organizations, such as IT giants Google and Facebook. At AnalytEx, she is responsible for driving the project’s development.
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Author: Olga Ortega
