What is "Transactions fees USD"?

Transactions fees USD represents the total transaction fees paid on the network during a specific period, converted to US dollar value, including both fees paid to miners/validators and fees burned by the protocol.

Why is "Transactions fees USD" important?

This metric directly reflects network usage and demand for block space, with higher fees indicating strong activity and user willingness to pay for transactions. Traders use fee data to assess network security through miner revenue, compare economic activity across blockchains, and gauge actual utility beyond speculative trading. Sudden spikes in fees often precede major price movements as they indicate increased urgency among users, while consistently high fees suggest sustained demand and network value.

How is "Transactions fees USD" calculated?

Transactions fees USD is calculated by summing all transaction fees in native currency and converting them to USD using the exchange rate at the time of each transaction, aggregated over the measurement period.