Algorand Fees 2022

    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. What wallets have conducted the most transactions and spent the most on fees? How much have users on Algorand spent on transactions in total? 

    In this dashboard, I will answer the question: Create a visualization showing the cost of transaction fees per day accumulated since the beginning of January 2022. What wallets have conducted the most transactions and spent the most on fees? How much have users on Algorand spent on transactions in total? 

    Part1 - Create a visualization showing the cost of transaction fees per day accumulated since the beginning of January 2022. How much have users on Algorand spent on transactions in total? 

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    The cost of transaction fees increased and then got the highest point of 5961 ALGO on 07-Jan and then experienced downward fluctuations before declining to 769.3 ALGO on 03-Jul. Cost of transaction fees per day accumulated until now (03-Jul) was 406.5K ALGO. Although the growth rate gradually decreased, compared to the beginning of the year, the total accumulated transaction fee per day was 140 times higher than in the first period. 

    Part2 - What wallets have conducted the most transactions and spent the most on fees?

    I listed top 10 wallets conducting the most transactions and top 10 wallets spending the most on fees. In the next step, I join 02 results to find the wallets which both conducted the most transactions and spent the most on fees. 

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    There are 08 wallets as a result. Top 1 wallet with the highest number of transaction and highest fee was ZW3ISEHZUHPO7OZGMKLKIIMKVICOUDRCERI454I3DB2BH52HGLSO67W754 Its number of transactions was 123M and fee spent was 123K ALGO. Top 8 wallet was MAPEFN7K2M5Z4TPOVOXHVBTW2M46SQPROBLGYXAZ56K4SHTEUCOOZCMRZE, which had 1.4M transactions and  1633.6K ALGO used for paying fee. Clearly, it can be seen that the gap in the number of transaction and amount of transaction fee spent between top 1 and top 8 is large.