Transaction fees

What is "Transaction fees"?

The total amount of transaction fees paid to miners or validators (depending on the network) during the selected period, expressed in the native currency.

What is "Transaction fees in USD"?

The total amount of transaction fees over the selected period is expressed in US dollars.

Why are "Transaction fees" and "Transaction fees in USD" important?

The metric reflects overall demand for block space and the intensity of network usage. Growth in total fees can indicate increasing network activity and competition for inclusion in a block. The native-currency measure reflects the internal network economy, while the USD version allows assessment of the economic scale of fees over time and comparison across different blockchains.

Data source

Metrics displayed across crypto fundamentals are powered by third-party data providers, which may include Glassnode, Coinmetrics, LunarCrush, and DefiLlama. The specific provider or combination of providers behind any given metric may vary.