Introduction

Fees refer to the amount charged for processing a transaction on a cryptocurrency network. Every time a user sends a transaction, they must pay a fee to incentivize miners or validators to add their transaction to the blockchain. This fee can vary depending on network congestion, the size of the transaction, and other factors.

Gas usage, on the other hand, is a term used to describe the amount of computational resources required to execute a smart contract on a blockchain. In essence, it is the amount of energy required to complete a transaction on the network. Gas usage is an important concept to understand as it affects the cost of executing a smart contract.

One blockchain network that is worth mentioning in this context is Avalanche. Avalanche is a layer 1 blockchain platform that supports the development and deployment of decentralized applications (dApps). It is designed to be highly scalable, secure, and interoperable, making it an ideal platform for building complex dApps.

What sets Avalanche apart from other blockchain platforms is its consensus mechanism, which is known as Avalanche consensus. This consensus mechanism enables fast and efficient transaction processing, making it possible for Avalanche to handle thousands of transactions per second. Additionally, Avalanche has a unique subnetwork architecture, which allows developers to create their own custom subnetworks within the Avalanche ecosystem.

Due to its unique features and capabilities, Avalanche plays a crucial role in the broader blockchain ecosystem. It provides developers with a powerful and flexible platform for building dApps, while also contributing to the overall growth and adoption of blockchain technology.

Methods

In this analysis we will focus on Avalanche. More specifically, we will analyze the following data:

• Top 10 contracts in fees and gas spent
• Top 10 contract average tx fees
• Daily top 10 contract fees and gas spent
• Top 10 Dapps in Fees and Gas Spent
• Daily Top 10 Dapp Average TX Fees
• Daily Top 10 Dapps Fees
• Daily Top 10 Gas Spent by Dapp