Ethereum continues to be one of the most active and influential blockchain networks in the world, powering decentralized applications, smart contracts, and a vast ecosystem of digital assets. Every block mined on the Ethereum network tells a story—of transactions processed, value transferred, miners rewarded, and network health. This article dives deep into Ethereum Block 20,352,411, mined on July 21, 2024, offering a detailed analysis of its structure, economic impact, and technical metrics.
Whether you're a developer, investor, or blockchain enthusiast, understanding real-time block data helps you gauge network activity and make informed decisions in the evolving Web3 landscape.
Block Overview: Key Metrics at a Glance
Mined on July 21, 2024, at 04:06:11 UTC, Ethereum Block 20,352,411 contains critical insights into the state of the network during that period. Here are the core statistics:
- Total Transactions: 196
- Internal Transactions: 85
- Total Value Transferred: 87.4091 ETH (approximately $307,041 at the time)
- Average Transaction Value: 0.446 ETH (~$1,566.54)
- Median Transaction Value: 0.05673 ETH
- Block Miner: Unknown entity (address:
0x95...afe5) - Gas Used: 15,325,835 (51.09% of the 30,000,000 gas limit)
- Block Size: 66,542 bytes
This block reflects typical mid-volume activity on Ethereum—neither congested nor underutilized—suggesting stable network performance at the time.
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Mining Reward and Economic Incentives
The miner of this block received a total reward of 0.08842 ETH, combining both the base block reward and transaction fees:
- Base Block Reward: 0.02622 ETH (~$92.12)
- Transaction Fee Reward: 0.0622 ETH (~$218.51)
This post-Merge Ethereum reality highlights a shift from proof-of-work mining rewards to validator incentives dominated by staking and fee-based income. However, the term "miner" is still used colloquially for validators who propose blocks.
The fee portion exceeding the base reward indicates active user participation—users were willing to pay for timely transaction inclusion, possibly due to DeFi interactions, NFT trades, or token swaps occurring around that time.
Gas Utilization and Network Efficiency
Gas is the lifeblood of Ethereum operations. It measures the computational effort required to execute transactions or smart contracts. In this block:
- Gas Limit: 30,000,000
- Gas Used: 15,325,835
- Capacity Utilization: 4.23%
The relatively low capacity usage suggests the network was not under strain. A utilization rate below 5% indicates ample room for additional transactions without significant fee spikes—a positive sign for user experience and scalability.
Despite Ethereum’s transition to Proof-of-Stake (PoS), gas mechanics remain essential for preventing spam and allocating resources fairly across the network.
Block Hash and Cryptographic Integrity
Each Ethereum block is uniquely identified by its block hash, ensuring immutability and traceability within the blockchain:
- Block Hash:
0x3a5...43988 - Parent Hash:
0x7fe...40f7b - State Root:
0x7b9...eb0c5 - Sha3Uncles:
0x1dc...49347
These cryptographic fingerprints confirm:
- The block's position in the chain (via parent hash).
- The validity of account states after all transactions (state root).
- The absence of uncle blocks (Sha3Uncles = null), common in PoS where uncle blocks are no longer part of consensus.
The nonce value is recorded as 0, consistent with PoS blocks where traditional mining nonces are irrelevant.
Transaction Patterns and Value Distribution
With 196 transactions moving 87.4 ETH, we can infer several behavioral patterns:
- A few large transfers may have skewed the average upward.
- The median value (0.05673 ETH) being much lower than the average suggests a power-law distribution—many small transactions and a few large ones.
- Internal transactions (85) often stem from smart contract executions, such as yield farming rewards, liquidity pool deposits, or token approvals.
Such data is invaluable for analysts tracking whale movements, DeFi protocol usage, or market sentiment shifts.
Why Track Individual Blocks?
Monitoring individual blocks allows users to:
- Verify transaction confirmations.
- Detect unusual activity (e.g., flash loans, arbitrage bursts).
- Assess miner/validator behavior.
- Benchmark network performance over time.
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Network Context and Historical Positioning
At the time of mining, this block had a depth of 2,492,995 confirmations behind the latest head, indicating it was part of recent history rather than an orphaned or stale block.
Additional context:
- Total Difficulty: 5.875 × 10²² — though difficulty is largely symbolic post-PoS.
- Distance from Tip: Approximately 11 minutes, 14 days, 6 hours, and 52 minutes (as of data capture).
While total difficulty no longer affects security in PoS, it remains a historical artifact reflecting Ethereum’s transition timeline.
Core Keywords and SEO Optimization
To align with search intent and improve discoverability, the following keywords have been naturally integrated throughout this article:
- Ethereum block explorer
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- Block 20,352,411
- ETH mining reward
- Gas usage Ethereum
- Blockchain data insights
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- Smart contract transactions
These terms reflect high-interest topics among crypto researchers, traders, and developers seeking actionable on-chain intelligence.
Frequently Asked Questions (FAQ)
What is an Ethereum block?
An Ethereum block is a collection of transactions bundled together and added to the blockchain by validators. Each block includes metadata like timestamps, gas usage, and cryptographic links to prior blocks.
How are Ethereum block rewards calculated?
Post-Merge, validators earn rewards through staking yields and transaction fees. The base reward depends on total staked ETH, while fees come from users’ gas payments included in the block.
Why is there a difference between average and median transaction value?
A large disparity suggests uneven distribution—typically caused by a small number of high-value transactions inflating the average. The median gives a better sense of typical user behavior.
Can I track who sent ETH in this block?
While wallet addresses are public (e.g., 0x95...afe5), identities behind them remain pseudonymous unless linked through external analysis or exchange disclosures.
What does "capacity 4.23%" mean?
It refers to how much of the block’s maximum data size was used. Low capacity means fewer transactions or smaller data payloads, often resulting in lower fees.
Is this block still valid today?
Yes. Once confirmed and buried under subsequent blocks, Ethereum blocks become immutable parts of the ledger unless an extremely rare reorganization occurs.
Final Thoughts on On-Chain Transparency
Ethereum’s open architecture empowers anyone to inspect every transaction, verify validator activity, and understand economic flows in real time. Block 20,352,411 exemplifies how granular data fuels transparency, trustless verification, and informed decision-making in decentralized systems.
As blockchain analytics grow more sophisticated, tools that simplify access to such data will become increasingly vital—for everyone from casual users to institutional players.
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