Introduction

A PoS blockchain called Algorand was created to address the fundamental problem with blockchains. Security, scalability, and a lack of centralization are all challenges. The majority of Bitcoin blockchain evaluations, notably on Reddit, focus on scalability concerns. Bitcoin Cash and Lightning were created to address this issue. Based on an innovative transaction verification approach, Algorand is anticipated to be an open, transparent, and secure economic system. In place of Proof-of-Work, Algorand employs Proof-of-Stake.

Method

In order to provide a response to this query, it was necessary to make use of the database table known as flipside prod db.algorand.transactions. The block timestamp, sender, and fee columns of this table were all utilized in accordance with the query. These fields are among the most important in the table. Only successful transactions were included in the analysis of the findings from this study after they were filtered out.

Conclusion

• On Jan 7th, the highest count of transactions was took placed and most of amount fees was paid.
• The average fees in USD on Algorand is about 0.0012$.
• Users spent 413K Algo in 2022 for Fees.
• More than 85% of paid fees spent by only 3 wallet address.
• More than 75% of count total transactions on 2022 took placed by 3 wallet address.

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Q111. Algorand recently turned 3 years old as a blockchain!

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One of the main advantages for a user of Algorand is the extremely low fees relative to other blockchains. Create a visualization showing the cost of transaction fees per day accumulated since the beginning of January 2022. What wallets have conducted the most transactions and spent the most on fees? How much have users on Algorand spent on transactions in total?