Average block gas price hourly and daily

Graphs below shows which hour in a week is the best time for transactions (having least average transaction fee).

The top 10 addresses on different chains spent the most on gas in the past month

Tables below show the top 10 addresses on the selected chains who spent the most on gas in the past 30 days. The tables also presents the transaction fee in USD.

Daily amount spent on gas by chain tracked over the last 90 days in USD and native tokens

Graphs below show the total and average daily transaction fee in USD and the native tokens of the selected chains.

We can see that on November 8th and 9th a peak in both the total and average daily transaction fees generated. Transaction fees on Optimism is growing.

Overview

The gas fee is a double-edge factor in the blockchain ecosystem.

On the one hand, an increase in the gas fee lead to the growth of the ecosystem by increasing the income of businesses on blockchains (validators, platforms and dapps). On the other hand, the increase in the gas fee, demotivates people to be involved in transactions.

This dashboard focuses on gas fees on different blockchains and portrays crucial relevant metrics at cross-chain level.

Method and Data

The following chains are included:

• Ethereum, Polygon, Solana, Algorand, Optimism, Arbitrum and NEAR

The dashboard organizes as below:

1. Total amount USD of gas spent on the selected chains in the last 30 days.
2. Average cost of gas in USD per $1,000,000 of liquidity transferred on each chain 30 days.
3. Average block gas price hourly and daily.
4. The top 10 addresses on each chain that spend the most on gas in the past month.
5. Daily amount spent on gas by chain tracked over the last 30 days.

Analysis

Graphs below show the daily total and average transaction fee per chain. We can see that the total transaction fee generated on Ethereum is by far highest amount among the selected chain. The barchart also shows the dominance of Ethereum remains unchanged in the past 30 days as well.

Solana and Algorand generates the least amount of transaction fee in USD among selected chains.

The graph next to this box demonstrates that for $1M liquidity transfer we have to pay least on Algorand and highest on Optimism.

To measure this metric, the total transaction fee in the past 30 days is divided by the total transfer amount n the same period and multiplied by $1M.

$1M * transaction fees / transfer value