Cardano network fees paid to miners whenever a payment transaction is initiated on the blockchain stayed roughly the same for months - although the coin value did change. These transaction fees - commonly denoted as gas - changed especially since the summer 2021, when the price of the ADA coin was changing. This coincided with the growing importance of Decentralized Finance or DeFi, and more blockchains being used for the development of new financial applications.
Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022
Characteristic
Transaction fee in ADA
Transaction fee in U.S. dollars
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Website (CoinMetrics.io). (January 10, 2022). Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022 [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1278720/gas-price-cardano/
Website (CoinMetrics.io). "Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022." Chart. January 10, 2022. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1278720/gas-price-cardano/
Website (CoinMetrics.io). (2022). Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1278720/gas-price-cardano/
Website (CoinMetrics.io). "Average Daily Gas Price of Cardano (Ada) from September 2017 to January 9, 2022." Statista, Statista Inc., 10 Jan 2022, https://www.statista.com/statistics/1278720/gas-price-cardano/
Website (CoinMetrics.io), Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022 Statista, https://www.statista.com/statistics/1278720/gas-price-cardano/ (last visited July 27, 2024)
Average daily gas price of Cardano (ADA) from September 2017 to January 9, 2022 [Graph], Website (CoinMetrics.io), January 10, 2022. [Online]. Available: https://www.statista.com/statistics/1278720/gas-price-cardano/