Algorand Fees 2022
The total transactions of users in algorand show a significant figure.
This number shows 10.38M
Because the transaction fee in algorand network is less, Total algorand fee is less compared to Total algorand users transactions.
In the chart of unique users, the transaction on January 12 is the highest at 413.42 k. The second highest transaction in the period under review shows 349.458 k. According to the chart, it can be seen that most days the transaction amount is low.
The next chart shows Transaction fee over time per day, the highest amount for this chart is 5961.324 on Jan 7, then the amount of fee decreases every day.
Fees are calculated based on the size of transactions and a user can choose to augment fee to help prioritize acceptance into a block,when network traffic is high and blocks are consistently full.
There is no concept of gas fee on Algorand.
Minimum fee for a transaction is only .001 Algos (1,000 microAlgos).
Algorand is a cryptocurrency that verifies transactions with delays on the order of one minute while being scalable to many users. Algorand ensures that users never have different views of confirmed transactions, even if some users are malicious and the network is temporarily partitioned.