Algorand Fees

> Fees are calculated based on the size of the transaction and a user can choose to augment a fee to help prioritize acceptance into a block when network traffic is high and blocks are consistently full. There is no concept of gas fees on Algorand. > > The minimum fee for a transaction is only 1,000 microAlgos or .001 Algos. → Source

Description of Work

One of the main advantages for a user of Algorand is the extremely low fees relative to other blockchains. In this bounty, we want to examine Fee in the Algorand network in 2022. To do this, we check the following:

How much have users on Algorand spent on transactions in total compare with 2022?
Show the cost of transaction fees per day in 2022.
Show the cost of transaction fees per month in 2022.
What wallets have conducted the most transactions and spent the most on fees?

Note

We use the algorand schema and transactions table.

1 → How much have users on Algorand spent on transactions in total compare with 2022?

Conclusion of part 1

The total number of transactions over time is 796955148, of which 281656558 are related to 2022, about 35.34%.
The total fee spent in over time is 990921.770664, of which 411573.055029 is related to 2022, about 41.53%
The amount of Fee per Transaction (FPT) over time is 0.00124, which is 0.00146 in 2022.
The amount of Fee per Wallet (FPW) over time is 0.0386, which is 0.0396 in 2022.

2 → Show the cost of transaction fees per day in 2022.

Conclusion of part 2

The amount of Fee spent has been Decreasing since the beginning of the year and this is clear because according to the daily transaction chart, it is clear that the number of transactions is decreasing and the fee spent is also decreasing.
The highest amount of fee spent since the beginning of the year until now is related to Jan 7 with the amount of 5961.324002 (ALGO), because at this time, the highest number of transactions and the highest number of unique wallets are seen that have made transactions, and after that the fee spent also increases.
It can be seen that with the increase in price, the fee paid is less, and with the decrease in price, this fee increases because with the decrease in price, the number of transactions for swap ALGO to other asset increases, when the number of transactions increases, the Fee also increases on a daily basis.

3 → Show the cost of transaction fees per month in 2022

Conclusion of part 3

The highest fee spent is related to the month of Jan with 97368.592423 Fees and 64289314 transactions (23.7%)
After Jan, Feb with 77658.933653 Fee (18.9%) and Mar with 73244.339414 Fee (17.8%) are next.

\

4 → What wallets have conducted the most transactions and spent the most on fees?

Conclusion of part 4

The ZW3ISEHZUHPO7OZGMKLKIIMKVICOUDRCERI454I3DB2BH52HG SO67W754 wallet has the highest amount of Fee spent with 124759.864328 Fee and 124759818 transactions, followed by JDQ7EW3VY2ZHK4DKUHMNP35XLFPRJBND6M7SZ7W5RCFDNYAA47OC5IS62I with 84725.3997 Fee and 84797 transactions.

It can be seen that there are wallets that have more number of transactions but have spent less fee than the number of transactions or vice versa

In this chart, you can see the 20 wallets that have the highest FPT, which means that they have spent the most fees in relation to the number of transactions they have made.
JHE5RG66QVZUYCSTY47ZJPONAL5ES46GJC6FXZWYY5Z5XT6SGI7NFMSM64 wallet has the highest FPT with 0.72575 FPT
By checking the transactions of these wallets in algoscan, we came to the conclusion that most of these wallets have transactions related to app_call.

flipside