Algorand Fees 2022

    Q111. Algorand recently turned 3 years old as a blockchain!

    One of the main advantages for a user of Algorand is the extremely low fees relative to other blockchains. Create a visualization showing the cost of transaction fees per day accumulated since the beginning of January 2022. What wallets have conducted the most transactions and spent the most on fees? How much have users on Algorand spent on transactions in total?

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    Method

    • I used the flipside_prod_db.algorand.transactions table to calculate the fee and filtered based on the date 2022-01-01.
    • Then based on the SENDER in the flipside_prod_db.algorand.transactions table I got the wallets that did the most fees and transactions since 2022-01-01.

    According to the chart On

    On January 7, 2022, the highest fee was 6000 Algo. Since January 1, 2022, the total fee has been decreasing every day.

    Total fees is 409K Algo since January 1, 2022.

    The next chart shows top wallets that have conducted the most transactions. The highest number of transactions 124M.

    The next chart shows top wallets that have conducted the most fee. The highest fee paid was 124K Algo.

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    Conclusion

    According to observations

    • Total fees is 409K Algo since January 1, 2022.

    • The total fee is decreasing every day since January 1, 2022. On January 7, the highest total fee was about 6000 Algo.

    • The highest number of transactions 124M.

    • The highest fee paid was 124K Algo.