On the left, we see a steady downward trend in the total daily fees per day. Fees per transaction is also in a general downward trend, but on a day to day basis there is only a weak correlation between the price per transaction and the totals of that day.

Key Takeaways:

• The price of transactions on Algorand is dirt cheap even at its highest rates

• Everything is Down

• The price of transactions has little effect on number of or volume of transactions

• There is a ***very ***strong correlation between the number of transactions and the total fees.

• January 7, 2022 is an outlier. There was a huge spike in both number of transactions and volume. Separate investigation into this day is warranted and one

The scatter plots, on the left and right, reinforce what seems apparent by eyeballing the above chart. Fees are not acting as an incentive or a deterrent. The overall price and, by extension, the difference between the maximum and minimum fee per transaction is just too small to make an impact.

Context:

• 1000 transactions at .002 ALGO = 2 ALGO
• 1 ALGO = $.30 => transaction cost of 1000 transactions < $.60 !!!
• .002 > max daily fee / tx
• even @ year highs of $1.50

ALGORAND TRANSACTION FEES

Part One: Comparing, fees by transaction

Part Two: Transaction Fees by Account

The Big Four:

1. ZW3IS..W754 — Planet Project related.
2. JDQ7E..62I — Bitfinex
3. C7RY..S34 — FIDE (international chess federation) speed chess rating related.
4. XFYA..QB5M — Uncertain. Some type of application.

Summary:

• Transaction Fees are negligible for most users.
• Daily Transaction Fees are steadily declining as a result of less transactions. Though the fee/tx has also declined.
• The total amount of ALGO spent in 2022 was 409,000.
• Four addresses account for 65% of the transaction fees
• The top 100 addresses account for 75% of the fees