Introduction

Algorand is a Layer 1 proof of stake blockchain known for its cheap transactions, and novel staking system (among other things). Today we will be taking a look at transaction fees on Algorand for 2022.

The below figure shows the cumulative fees on Algorand since the beginning of 2022 which was calculated by summing over all transaction types and their respective fees:

The following bar chart shows the daily fees generated on Algorand since the beginning of 2022:

We see an overall decline in fees since 2022 which complements our findings in other bounties that the usage on Algorand has been falling since beginning of 2022.

Finally we will find the top 15 wallets which have spent the most on fees since the beginning of 2022 along with how many transactions they have made

Conclusion -

409k Algo spent on fees or about 130k usd at todays prices (08/07/22)

Daily fees falling - most likely candidate is fall in usage

Top 2 wallets account for 50% of all fees on Algorand since 2022

Planet is by far the highest asset (besides Algo) contributing to fees spent

Finally we will look at top 15 assets with most fees collected: