A transaction fee metric is a quantifiable measure of the cost associated with processing a transaction on a blockchain network. This metric typically represents the amount of gas or native cryptocurrency paid to network validators for their computational services. It can be expressed as an average fee, median fee, or total fees collected over a specific period. Analyzing this metric helps assess network efficiency and user cost.
Context
News and market analyses frequently cite transaction fee metrics to gauge network congestion and the overall cost-effectiveness of using a particular blockchain. Significant fluctuations in these fees often correlate with periods of high network activity or major events. Developers continuously work to optimize network designs to achieve more favorable transaction fee metrics.
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