By 2023, the cryptocurrency market seems to have broken away from the bullish mentality of nearly a year since 2022. With the attention of investors, the long-awaited price adjustment has formed an important reflection, which is demonstrated by the chain activities on the etheric block chain.

In January 2023, the etheric average price of natural gas calculated by GWI, the lowest ETH unit, rose by 29.27%, according to a data information report from Analytex. The report compares natural gas prices from January to December 2022 and emphasizes that the increase in customer activity is the main indicator that the average natural gas price rose from 19.2 MW to 2482 million kilowatts year-on-year.

The number of at least daily active etheric wallets fell by about 10% to 387475, the lowest figure in the past six months, the report said. In addition, the average number of only active smart contracts increased by 6.74%.

As mentioned earlier, other important quantitative indicators include daily ether trading information, which shows that ether trading volume fell slightly by 0.8 per cent from December to January. The report stresses that the number of etheric transactions per day has declined for at least eight consecutive months.

The etheric block data show that the number of blocks excavated at least every day is basically unchanged, while the total block size increases by 7% each month. Business consolidation, the average daily data block data is maintained at about 0.01% every month. The total size of Ethernet db blocks in January was 17.24 GB, an increase of 7.08 per cent from 16.1 GB in December.

The report sets out contrasting operational indicators in various areas. Compared with December last year, the number of transactions and the number of unique active wallets decreased significantly. The etheric theme activity index also shows an increase in the number of active smart contracts and the average cost of natural gas.

Analytex said that this shows that "at this stage, blockchain technology customers and their intelligent contract developers are on the rise."

As previously reported by Cointelegraph, according to a report by Dappar, the total amount locked in diversified equity financing (Defi) agreements in different chips pools increased in January. The stock of assets in the market reached $74.6 billion, an increase of 26% over December 2022.

The etheric renewal of urban Shanghai has also contributed to the bet on defi as it is expected to withdraw from the etheric bet contract. Driven by the popularity of liquidity betting derivatives agreements, Lido Financial converted manufacturer DAO into the largest Defi agreement in January.