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> ## Algorand recently turned 3 years old as a blockchain! > > To celebrate, let’s explore some data!!!!!!!!!!

Algorand provides increased transaction speeds and lower transaction costs by utilizing a Pure Proof-of-Stake consensus mechanism.
A ‘Green’ solution Algorand is the world’s most decentralized, scalable, and secure blockchain infrastructure.
The minimum fee for a transaction is only .001 ALGO
From DeFi to NFTs, Algorand aims to enable a world where everyone creates and exchanges value efficiently, transparently, and securely

Show the cost of transaction fees per day accumulated since the beginning of January 2022.
Identify which wallets have conducted the most transactions and spent the most on fees (since Jan ‘22)?
Identify how much users on Algorand have spent on transactions in total?

Show the cost of transaction fees per day accumulated since the beginning of January 2022 ⤵️

Since Jan 22 ~ 409k ALGO has been spent in fees.
After an early spike in January, Algorand has since settled in and adapted to the current macro environment in crypto.
While we see steady transaction numbers, we do observe some large spikes in ALGO token transfers during April, May, and June.
Along with the rest of the market, we observe that the daily growth rate has slowed down throughout the year.

Overall daily activity of wallets follows cycles of booms > normal, likely triggered by new NFT or DeFi projects.
We find 3 to 4 wallets taking the bulk of the top spots for Tx’s and Fees. (Percentages are from selection not total)
We can quickly identify some of these top wallets:
- Associated with PLANET asset: ZW3ISEHZUHPO7OZGMKLKIIMKVICOUDRCERI454I3DB2BH52HGLSO67W754
- Appears associated with FIDE/LC Bullet Ranking: C7RYOGEWDT7HZM3HKPSMU7QGWTRWR3EPOQTJ2OHXGYLARD3X62DNWELS34
- Appears to be making micro-payments: XFYAYSEGQIY2J3DCGGXCPXY5FGHSVKM3V4WCNYCLKDLHB7RYDBU233QB5M
- Bitfinex: JDQ7EW3VY2ZHK4DKUHMNP35XLFPRJBND6M7SZ7W5RCFDNYAA47OC5IS62I

Overall ~1,000,000 ALGO has been spent in fees (Not a bad birthday gift!)
While fees are currently in a slump, well…everything is, so overall growth is impressive.
With a few spikes and dips, the observed weekly % growth rate has remained relatively stable.

Additionally, we can observe the top assets by Tx fees spent in transactions of these assets.

As we observed above in the wallets, we find PLANET and LC RANKING in the top of the pack.

Algorand has ‘billed’ an impressive amount of fees since inception and recently in 2022.
After a strong start in 2022, Algorand has followed the overall economy in it’s trajectory.
Cumulative fee growth % has remained relatively stable.
With a healthy ecosystem, Algorand is poised to continue its success.