Today we are taking a brief review of an interesting site I stumbled to called cryptofees.info. The site lists out the transaction fees of the chain for 1 day and 7 day averages. The chains are listed be default from most fees to the least.
Not surprising ETH takes the lead with close to $7 million in fees earned just in one day. BTC is in fifth with over $0.55 million per a day. Just by reading this one would assume transferring in BTC is much cheaper than on ETH.
One of the more surprising ones on the list is FTM. With the token formerly reached as high as $3 it is now hovering over $0.3 making FTM dropping peak to through somewhere around 90%. Demand for FTM is still high but knowing that transaction rats are low compared to other chains it seems.
Conclusions
A site that list total amount of fees collected helps in many ways. For one identify which chain has the most fee earned corresponding to more profits shared amount chain native token staking.
In addition investors who are cautious about over spending on gas fees can see which chains to avoid as day fees of chains at the top likely cost at present moment.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
LeoFinance = Financial Blog
LeoDex = Hive trading exchange for Secondary Tokens, Low 0.25% fees for deposits and withdraws.
HiveStats = Hive stats per user
LeoPedia = Informative content related to anything about Crypto and how to make financial gains in crypto!
CubDefi = LEO Finance's Defi with CUB Token