What is Algorand

Algorand has a unique two-tiered blockchain structure. The base layer supports smart contracts, asset creation, and atomic swaps between assets. All of these processes take place on Layer 1 of the Algorand blockchain, which helps ensure security and compatibility.

What are Validators

Validators, much like miners in a Proof-of-Work(PoW) network, are network nodes that operate in Proof of Stake (PoS) blockchains, also validating transaction blocks to the blockchain.

What is Gas in Crypto

A gas fee is a blockchain transaction fee, paid to network validators for their services to the blockchain. Without the fees, there would be no incentive for anyone to stake their ETH and help secure the network.

Methodology

In this dashboard, we are looking to compare gas fees and volume across blockchains. Additionally, we will look at the top wallets by a chain that have spent the most on gas for the network. The data for this dashboard will come from Flipside’s database.

Sections

1. Ethereum gas metrics

2. Solana gas metrics

3. Algorand gas metrics

4. Flow gas metrics

5. Near gas metrics

6. Osmosis Gas Metrics

7. Optimism Gas Metrics

Etherum Gas Metrics

Observations

• In the past 30 days, users spent $116 Million on Ethereum gas fees. The average fee was about $3.54.
• About 8 wallets have spent more than $400,000 on Ethereum gas fees in the past 30 days.
• The cost of gas by value transferred is on average 1.2K of gas for every million transferred.
• There has been a drastic drop in the price of Ethereum on November 6th.

Solana Gas Metrics

Observations

• In the past 30 days, users spent $118 K on Solana gas fees. The average fee was about $0.0002.
• About 3 wallets have spent more than $72 on Solana gas fees in the past 30 days.
• The cost of gas by value transferred is on average 5of gas for every million transferred.
• There has been a drastic drop in the price of Sol on November 6th.

Algorand Gas Metrics

Observations

• In the past 30 days, users spent $3.9 K on Algorand gas fees. The average fee was about $0.0005.
• About 3 wallets have spent more than $0.10 on Algorand gas fees in the past 30 days.
• The cost of gas by value transferred is on average 1.97 of gas for every million transferred.
• There has been a drastic drop in the price of Algo on November 6th.

Flow Gas Metrics

Observations

• In the past 30 days, users spent $2.8 K on Flow gas fees. The average fee was about $0.000096.
• About 3 wallets have spent more than $200 on Flow gas fees in the past 30 days.
• There has been a drastic drop in the price of Algo on November 6th.

Observations

• In the past 30 days, users spent $474 on Near gas fees. The average fee was about $0.00035.
• The cost of gas by value transferred is on average 1.97 of gas for every million transferred.
• There has been a drastic drop in the price of NEAR on November 6th.

Near Gas Metrics

Osmosis Gas Metrics

Observations

• In the past 30 days, users spent $14.7K on Near gas fees. The average fee was about $0.0033.
• About 9 wallets have spent more than $150 on Osmosis gas fees in the past 30 days.
• There has been a drastic drop in the price of OSMO on November 6th.

Optimism Gas Metrics

Observations

• In the past 30 days, users spent $1.6 Million on Ethereum gas fees. The average fee was about $0.19.
• About 3 wallets have spent more than $20,000 on Ethereum gas fees in the past 30 days.
• The cost of gas by value transferred is on average 2.7K of gas for every million transferred.

Conclusion

1. Ethereum gas metrics

   1. In the past 30 days, users spent $116 Million on Ethereum gas fees. The average fee was about $3.54.
   2. About 8 wallets have spent more than $400,000 on Ethereum gas fees in the past 30 days.
   3. The cost of gas by value transferred is on average 1.2K of gas for every million transferred.
   4. There has been a drastic drop in the price of Ethereum on November 6th.

2. Solana gas metrics

   1. In the past 30 days, users spent $118 K on Solana gas fees. The average fee was about $0.0002.
   2. About 3 wallets have spent more than $72 on Solana gas fees in the past 30 days.
   3. The cost of gas by value transferred is on average 5of gas for every million transferred.
   4. There has been a drastic drop in the price of Sol on November 6th.

3. Algorand gas metrics

   1. In the past 30 days, users spent $3.9 K on Algorand gas fees. The average fee was about $0.0005.
   2. About 3 wallets have spent more than $0.10 on Algorand gas fees in the past 30 days.
   3. The cost of gas by value transferred is on average 1.97 of gas for every million transferred.
   4. There has been a drastic drop in the price of Algo on November 6th.

4. Flow gas metrics

   1. In the past 30 days, users spent $2.8 K on Flow gas fees. The average fee was about $0.000096.
   2. About 3 wallets have spent more than $200 on Flow gas fees in the past 30 days.
   3. There has been a drastic drop in the price of Algo on November 6th.

5. Near gas metrics

   1. In the past 30 days, users spent $474 on Near gas fees. The average fee was about $0.00035.
   2. The cost of gas by value transferred is on average 1.97 of gas for every million transferred.
   3. There has been a drastic drop in the price of NEAR on November 6th.

6. Osmosis Gas Metrics

   1. In the past 30 days, users spent $14.7K on Near gas fees. The average fee was about $0.0033.
   2. About 9 wallets have spent more than $150 on Osmosis gas fees in the past 30 days.
   3. There has been a drastic drop in the price of OSMO on November 6th.

7. Optimism Gas Metrics

   1. In the past 30 days, users spent $1.6 Million on Ethereum gas fees. The average fee was about $0.19.
   2. About 3 wallets have spent more than $20,000 on Ethereum gas fees in the past 30 days.
   3. The cost of gas by value transferred is on average 2.7K of gas for every million transferred.