Algorand Fees 2022

Q1. How many unique users have bridged to L2s using Hop? What days in the past 6 months have seen the most volume bridged, and were there any specific events that may have driven these spikes? Which assets have been bridged the most? Show an analysis of the asset distribution of bridging through Hop.

Quick Introduction

According to Gemini.com, Algorand is a decentralized network built to solve the Blockchain Trilemma of achieving speed, security, and decentralization simultaneously. Launched in June 2019 by computer scientist and MIT professor Silvio Micali, Algorand is a permissionless, open-source blockchain network upon which anyone can build.

Methodology

I used the fee column of flipside_prod_db.algorand.transactions table and filtered results by only querying transactions that happened in 2022.

Results

The total amount of ALGO spent on transactions in 2022 is 411,000.
The total fee spent on transactions on Algorand daily is declining.

ZW3ISEHZUHPO7OZGMKLKIIMKVICOUDRCERI454I3DB2BH52HGLSO67W754 is the address with the most transactions on Algorand in 2022 performing a total of 124462582 transactions.

ZW3ISEHZUHPO7OZGMKLKIIMKVICOUDRCERI454I3DB2BH52HGLSO67W754 has paid the most transaction fees in 2022, paying 124463 in fees in this timeframe.