Cardano network fees paid to miners whenever a payment transaction is initiated on the blockchain stayed roughly the same for months - although the coin value did change. These transaction fees - commonly denoted as gas - changed especially since the summer 2021, when the price of the ADA coin was changing. This coincided with the growing importance of Decentralized Finance or DeFi, and more blockchains being used for the development of new financial applications.
Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022
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Coin Metrics. (January 10, 2022). Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022 [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1278720/gas-price-cardano/
Coin Metrics. "Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022." Chart. January 10, 2022. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1278720/gas-price-cardano/
Coin Metrics. (2022). Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1278720/gas-price-cardano/
Coin Metrics. "Average Daily Gas Price of Cardano (Ada) from September 2017 to January 9, 2022." Statista, Statista Inc., 10 Jan 2022, https://www.statista.com/statistics/1278720/gas-price-cardano/
Coin Metrics, Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022 Statista, https://www.statista.com/statistics/1278720/gas-price-cardano/ (last visited December 21, 2024)
Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022 [Graph], Coin Metrics, January 10, 2022. [Online]. Available: https://www.statista.com/statistics/1278720/gas-price-cardano/