The sum of Solana network fees paid whenever a payment transaction is initiated on the blockchain stayed roughly the same since October 2021. These transaction fees - commonly denoted as gas - exceeded over 1,000 SOL on a single day. Given that the Solana blockchain can process millions of transactions per day, this means that the gas price of an individual SOL would be well below 0.01. The growing gas sum coincided with the increasing importance of Decentralized Finance or DeFi, and more blockchains being used for the development of new financial applications.
Daily sum of transaction fees paid for Solana (SOL) from April 9, 2021 to December 6, 2021
(in native units)
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Bitquery. (December 7, 2021). Daily sum of transaction fees paid for Solana (SOL) from April 9, 2021 to December 6, 2021 (in native units) [Graph]. In Statista. Retrieved November 17, 2024, from https://www.statista.com/statistics/1280112/gas-fees-paid-cardano/
Bitquery. "Daily sum of transaction fees paid for Solana (SOL) from April 9, 2021 to December 6, 2021 (in native units)." Chart. December 7, 2021. Statista. Accessed November 17, 2024. https://www.statista.com/statistics/1280112/gas-fees-paid-cardano/
Bitquery. (2021). Daily sum of transaction fees paid for Solana (SOL) from April 9, 2021 to December 6, 2021 (in native units). Statista. Statista Inc.. Accessed: November 17, 2024. https://www.statista.com/statistics/1280112/gas-fees-paid-cardano/
Bitquery. "Daily Sum of Transaction Fees Paid for Solana (Sol) from April 9, 2021 to December 6, 2021 (in Native Units)." Statista, Statista Inc., 7 Dec 2021, https://www.statista.com/statistics/1280112/gas-fees-paid-cardano/
Bitquery, Daily sum of transaction fees paid for Solana (SOL) from April 9, 2021 to December 6, 2021 (in native units) Statista, https://www.statista.com/statistics/1280112/gas-fees-paid-cardano/ (last visited November 17, 2024)
Daily sum of transaction fees paid for Solana (SOL) from April 9, 2021 to December 6, 2021 (in native units) [Graph], Bitquery, December 7, 2021. [Online]. Available: https://www.statista.com/statistics/1280112/gas-fees-paid-cardano/
