The total transaction fees generated by the Solana network last week were only 53,800 SOL, the lowest weekly figure since September 2024. The data shows that the total transaction fee last week decreased by 10% compared to the previous week, which is an improvement from the average weekly decline rate of 25% in the past six weeks. Notably, Solana's weekly transaction fee has decreased by 85% from the all-time high of 361,000 SOL in the fourth week of January (during the issuance of TRUMP and MEL...
According to a VanEck report cited by Cryptoslate, bitcoin miners are accelerating their transformation into artificial intelligence (AI) and high-performance computing (HPC) businesses due to volatile transaction fee revenues. The report notes that while network congestion can lead to short-term fee increases, the rise of off-chain solutions such as exchange-traded funds (ETFs), futures markets, two-layer networks, and centralized exchanges has created uncertainty about long-term on-chain reven...
The seven-day moving average transaction fee on the Ethereum network fell to $0.77 on February 15, up from $2.57 just a week earlier, with transaction fees down 70% month-on-month. While lower transaction fees typically boost user activity, the extent of the sharp decline, especially the long-term downtrend, suggests it is more due to weak demand. The drop brings transaction costs to their lowest level in four years in dollar terms. The last time transactions were this cheap on Ethereum was back...
According to mempool.space data, the Bitcoin network transaction fee is temporarily reported as 4 Sat/byte with high priority.
According to The Block, Solana's daily transaction fees reached an all-time high. Data show that on Sunday, Solana's network fees climbed to $33.20 million. The surge was mainly caused by a large number of on-chain transactions triggered by the launch of Trump family-related meme coins TRUMP and MELANIA. Since the launch of these tokens, the daily average on-chain trading volume of the Solana decentralized exchange has consistently remained above $27 billion, ranking first among all layers of pu...
In the past 3 weeks, Ethereum transaction fees (7-day moving average) have skyrocketed. The data shows that its fee was $3.52 on September 21, more than triple the $0.85 on September 1. The recovery in transaction fees has also increased the destruction rate of Ethereum, which increased from 80.27 ETH on September 1 to 1,360 ETH on September 21, an increase of 1600% in three weeks. Despite the surge in transaction fees and destruction volumes, active accounts on the Ethereum network (7-day movin...
On September 23rd, according to TheBlock, at the beginning of September, the average transaction fee of Ethereum fell below $1 for the first time since July 2020. However, in the past few weeks, Ethereum's 7-day moving average transaction fee has risen sharply, and its latest value reached $3.52 on September 21st, which is more than three times that of $0.85 on September 1st. The recovery of transaction fees has also increased the destruction rate of Ethereum, which has soared from 80.27 ETH on ...
Bitcoin transaction fees have been exhibiting a pattern of volatility since the beginning of 2024, with significant spikes around major events. The most prominent spike occurred in April, in connection with the Bitcoin halving event. During this time, transaction fees briefly spiked above 1,200 BTC, highlighting the increased demand for the network during this critical period. After the halving, fees...
According to DefiLlama data, as of July 13, Uniswap front-end transaction fees exceeded $48.70 million, currently $48.75 million.
Bitcoin transaction fees fell to $38.69 on July 7, the lowest since 2020. The decrease in transaction costs was due to lower demand for block space and data volume. Ycharts data shows that on July 7, Bitcoin miners processed 673,752 transactions on the Bitcoin network. BTC accounted for 89.7% of the transaction volume, and the rest of the bandwidth was taken up by other protocols such as Ordinals (0.7%), BRC-20 (4.1%), and Runes (5.4%).
According to DefiLlama data, as of July 6, Uniswap front-end transaction fees exceeded $47 million, currently $47.06 million.
According to Solana Floor's post on the X platform, the crypto trading fee hedging protocol Hedgehog introduced support for Solana Blinks, allowing users to place bets on the prediction market directly on the X platform. Subsequently, the news was forwarded by Hedgehog's official account, which confirmed the authenticity of the news.