Q111. Algorand recently turned 3 years old as a blockchain!

One of the main advantages for a user of Algorand is the extremely low fees relative to other blockchains.

Create a visualization showing the cost of transaction fees per day accumulated since the beginning of January 2022.

1 - What wallets have conducted the most transactions and spent the most on fees?

2 - How much have users on Algorand spent on transactions in total?

Initial Thoughts

There is a clear downtrend on daily transactions and fees payed by users since January 2022.

This could be attributed to a lower interest in the Algorand ecosystem but, by looking at data since January 2021 (Appendix 1) it’s clear that the decline in activity coincides with the start of the bear market in -insert bear market start date- and the following overall market decrease.

Daily Fees and Transactions

Algorand shows a capacity to handle more transactions without a noticeable impact on fees paid by users.

As seen in the Daily Transactions vs Daily Total Fees graph the daily total fees paid by users have a linear relationship with the daily transactions, indicating that the Algorand ecosystem can handle the increase in activity without a explosion of fee per transaction.

A linear regression shows a R Squared of 0.924 further providing strength to the assumption that the increase in activity does not affect fees paid per transaction.

• sum fees by address
• \

2 - How much have users on Algorand spent on transactions in total?

• Totals fees paid (maybe move to top)
• Average fee per user per transaction
• Average transactions by address

1 - What wallets have conducted the most transactions and spent the most on fees?

• Top wallet metrics:
  • Amount of transactions: **
  • Total fees paid:
• total fees paid
• average fee

pie chart

• users total transactions breakdown

• Daily transactions by day

Daily Transaction vs Daily Fees Linear Regression parameters:

• slope: 0.00134
• Intercept: 179.9
• R Squared: 0.924

Extra

• fees by event type

  • swaps
  • transfers
  • NFT mints

• daily fees and transactions since 2021

  • shows that the decrease is mainly due to the bear market