Study Shows Dogecoin, XRP Saw Largest Network Fee Increases Last Year

There’s been a batch of enactment successful the satellite of cryptocurrencies implicit the past 12 months and a myriad of metrics person changed. A caller study from forexsuggest.com shows that dogecoin fees saw the largest summation since January 1, 2021, jumping 4,230% successful a year. Ethereum’s transaction fees were the astir costly astatine the extremity of 2021, arsenic the mean transportation interest was $52.45 per transaction.

Dogecoin, XRP, Blackcoin Saw the Highest Transfer Fee Rises successful 12 Months

Digital currencies saw important maturation past twelvemonth successful presumption of worth and onchain data. The mean cryptocurrency transaction fees successful 2021 changed a large woody arsenic well. A survey published by forexsuggest.com highlights 15 antithetic crypto assets successful bid to comparison mean fees and the maturation implicit 12 months. Some of the assets chosen were comparatively chartless and older cryptos specified arsenic feathercoin (FTC) and blackcoin (BLK).

According to the researchers, dogecoin (DOGE) saw the largest interest summation successful the year, spiking 4,230% from $0.01 per transportation to $0.433. Xrp (XRP) saw the second-largest summation successful 12 months jumping 3,810% from $0.000166 to $0.00649 per transfer.

The 3rd biggest summation implicit the past 12 months was blackcoin (BLK), with transportation fees expanding 1,886% from $0.00000442 to $0.0000878 per transaction. The astir costly transaction fees occurred connected the Ethereum (ETH) network, and ETH was besides the 4th largest gainer successful presumption of 12-month interest increases.

ETH transportation fees jumped 1,459% from $3.36 to $52.45 per transaction. The fifth-largest leap successful fees stemmed from the Zcash (ZEC) network, arsenic ZEC fees accrued 806% successful 12 months. ZEC fees connected January 1, 2021, were astir $0.00000406 and astatine the extremity of the year, ZEC transportation fees were $0.0000368.

Feathercoin, Monero, Bitcoin Fees Drop

Forexsuggest.com’s survey shows 3 crypto assets that saw 12-month web interest decreases. Feathercoin (FTC) saw a 51% alteration successful transportation fees, and monero (XMR) saw its transaction fees driblet by 29%. Bitcoin (BTC) fees shed 26% during the people of the 12-month span.

FTC’s transportation fees connected January 1, 2021, were $0.000194 and astatine the extremity of the 12-month cycle, FTC fees were $0.0000955. Bitcoin’s transportation fees were $5.55 per transaction astatine the commencement of the 12-month clip span and astatine the end, information indicates BTC fees were $4.09 per transfer. The study’s researchers leveraged interest information sources from ycharts.com and bitinfocharts.com, and collected the metrics connected the 1st time of each period past year.

Cryptocurrencies that connection transaction fees that are astir a U.S. penny oregon little see dash (DASH) $0.0173, bitcoin currency (BCH) $0.00851, xrp (XRP) $0.00649, bitcoin golden (BTG) $0.00545, and ethereum classical (ETC) $0.0039.

Below ethereum’s $52.45 per transaction interest were bitcoin fees, followed by binance coin (BNB) astatine $0.562 per transportation arsenic acold arsenic the astir costly transportation fees were concerned. Litecoin (LTC) fees recorded astatine the extremity of past twelvemonth were astir $0.0278 per transaction.

What bash you deliberation astir the crypto transportation interest increases past year? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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