Cryptocurrency There have been a lot of changes in the market in the last year and there have been changes in some fundamental balances.
According to a recently published report, of dogecoin Transaction fees increased by 4.230% within a year and ranked at the top in this field proportionally.
Ethereum On the other hand, with an average fee of 52.45 per transaction, it took the title of crypto money with the highest transaction fee.
Transaction Fees for Dogecoin, XRP, and Blackcoin Rise to Record Levels in the Last 12 Months
In the past year, cryptocurrencies have seen record growth in both value and onchain data. As a result, the average transaction fees of cryptocurrencies exploded.
According to the researchers, Dogecoin was the cryptocurrency that showed the highest proportional increase in transaction fees last year.
DOGE’s transaction fee jumped from $0.01 to $0.433. In addition, XRP started the year with $0.000166 per transaction and ended the year with $0.00649 with an increase of 3.810%.
In the third place of the list, which is a not very well known cryptocurrency. Blackcoin (BLK) took place. The transaction fee for this altcoin increased by 1.886%, averaging from $0.00000442 to $0.0000878.
The most expensive fees per transaction were observed on the Ethereum network. In addition, ETH was ranked fourth in the list of cryptocurrencies with the highest increase in transaction fees in a year, proportionally.
Ethereum’s transaction fees jumped 1.459% from $3.36 to $52.45 per transaction. with this of bitcoin Transaction fees, on the other hand, have decreased by 26% in the last year. At the time of this writing, miners are paid $4.09 per transaction to transfer BTC.