{"id":19832,"date":"2023-02-08T03:14:12","date_gmt":"2023-02-08T11:14:12","guid":{"rendered":"https:\/\/coinnetworknews.com\/ethereum-gas-price-spikes-29-in-january-as-user-activity-grows-report\/"},"modified":"2023-02-08T03:14:12","modified_gmt":"2023-02-08T11:14:12","slug":"ethereum-gas-price-spikes-29-in-january-as-user-activity-grows-report","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/ethereum-gas-price-spikes-29-in-january-as-user-activity-grows-report\/","title":{"rendered":"Ethereum gas price spikes 29% in January as user activity grows: Report"},"content":{"rendered":"
Stepping into 2023, the cryptocurrency market seemingly shrugged off the year-long bearish sentiment from 2022. As investors took notice, the long-awaited price corrections had a significant reaction,\u00a0showcased through on-chain activities on the Ethereum blockchain.<\/p>\n
According to a data report from Analytex, Ethereum\u2019s average gas price \u2014 calculated in terms of the smallest Ether (ETH<\/a>) denomination, gwei \u2014 increased by 29.27% in January 2023. The report compares gas prices from January to December 2022, noting an increase in user activity as a key indicator for the rise in average gas price from 19.2 gwei to 24.82 gwei month-on-month.<\/p>\n