Ethereum Average Block Time Daily Trends: Ethereum Statistics (2024)

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Ethereum Average Block Time Daily Trends: Ethereum Statistics? ›

Basic Info. Ethereum Average Block Time is at a current level of 12.06, down from 12.07 yesterday and down from 12.12 one year ago. This is a change of -0.08% from yesterday and -0.50% from one year ago.

Basic Info

Ethereum Transactions Per Day is at a current level of 1.159M, down from 1.232M yesterday and up from 1.127M one year ago. This is a change of -5.90% from yesterday and 2.89% from one year ago.

Basic Info. Ethereum Blocks Per Day is at a current level of 7146.00, down from 7147.00 yesterday and up from 7115.00 one year ago. This is a change of -0.01% from yesterday and 0.44% from one year ago.

Ethereum price is $3,033.86, up 2.33% in the last 24 hours, and the live market cap is $364,382,049,099.41. It has circulating supply of 120,105,243 ETH coins and a max supply of 120,105,243 ETH alongside $15,937,522,194.759 24h trading volume.

Ethereum Average Block Size (I:EBS)

Ethereum Average Block Size is at a current level of 86863.00, down from 88817.00 yesterday and down from 100277.0 one year ago. This is a change of -2.20% from yesterday and -13.38% from one year ago.

More transactions are now interconnected: currently, there are around 200 transactions per block with 4000 interdependencies between them. We further find that the parallelizability of Ethereum's current interconnected transaction workload is limited. A speedup exceeding a factor of five is currently unrealistic.

Ethereum Average Block Time is at a current level of 12.05, unchanged from 12.05 yesterday and down from 12.13 one year ago. This is a change of 0.00% from yesterday and -0.66% from one year ago.

For instance, the average block time of some cryptocurrencies is: Bitcoin (BTC): 10 minutes. Ethereum (ETH): 12 seconds. Binance Coin (BNB): 3 seconds.

Block time defines the time it takes to mine a block. Both in bitcoin blockchain and ethereum blockchain, there is an expected block time, and an average block time. In bitcoin, the expected block time is 10 minutes, while in ethereum it is between 10 to 19 seconds.

What is the current Ethereum Block Reward? ›

Glassnode's recent data shows that 280,792 ETH addresses are now holding 10+ coins. According to the current price of Ethereum, each address has more than $26,000 worth of cryptocurrency in the wallet.

Blockchain Technology

Ethereum uses a blockchain, which is a distributed ledger (like a database). Information is stored in blocks, each containing encoded data from the block before it and the new information. This creates an encoded chain of information that cannot be changed.

One of the primary issues with Ethereum is its limited transaction throughput of only around 15-30 transactions per second (TPS). This limitation arises from the block size and block time, which are designed to maintain network security and decentralization but at the cost of speed.

Total global credit card transactions were an estimated 678 billion in 2022 for an average of 1.86 billion per day, 77.4 million per hour, 1.29 million per minute, 21,510 per second. The average U.S. cardholder makes 210 credit card transactions per year or one transaction every 1¾ days.