Ethereum fees

Description

Gas fees are the fees paid for the computational efforts required to execute a transaction or operation within a smart contract on the Ethereum network. Each operation in a transaction consumes a specific amount of gas. The total gas fee you pay consists of several components:

• Base fee: This is a mandatory fee established by the network for processing a transaction.
• Priority fee: An additional, voluntary payment intended to motivate node operators to prioritize your transaction.
• Units of gas used: Gas signifies computational effort. More complex tasks, such as interacting with a smart contract, require more gas compared to simpler actions like sending a transaction.

The base fee is computed independently of the current block and instead relies on the preceding blocks, enhancing predictability for users regarding transaction fees. Upon block creation, this base fee is burned, effectively removing it from circulation.

The gas units consumed per transaction represent the amount of gas used during the transaction, essentially reflecting the complexity of the transaction.

Ethereum fees metrics:

• fees: Total fees paid in ETH over a daily interval
• fees_intraday: Total fees paid in ETH over 5-minute time intervals
• fees_usd: Total fees paid in USD over a daily interval
• fees_usd_intraday: Total fees paid in USD over 5-minute time intervals

Aggregated fees metrics:

• average_fees_usd: Average fees paid in USD over a daily interval
• average_fees_usd_5m: Average fees paid in USD over 5-minute time intervals
• median_fees_usd: Median fees paid in USD over a daily interval
• median_fees_usd_5m: Median fees paid in USD over 5-minute time intervals

Fees burnt metrics:

• fees_burnt_5m: Fees burnt (removed from circulation) in ETH within a 5-minute interval
• fees_burnt_usd_5m: Fees burnt (removed from circulation) in USD within a 5-minute interval

Fees to network circulation metric:

• fees_to_network_circulation_usd_1d: Calculated using the formula:
  where represents the total value in USD of all coins moved on Ethereum

Gas used metrics:

• avg_gas_used - Average amount of gas consumed per transaction over 5-minute time intervals in Gwei
• total_gas_used - Total amount of gas used over 5-minute time intervals

Access

Free Access

Measuring Unit

• Fees metrics - amount in ETH or USD
• avg_gas_used - amount in Gwei
• total_gas_used - gas units

Data Type

Timeseries Data

Frequency

Five-minute Intervals

Latency

On-Chain Latency

Available Assets

Available for ethereum

SanAPI

Fees metrics in ETH: fees and fees_intraday

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{
  getMetric(metric: "fees") {
    timeseriesData(
      slug: "ethereum"
      from: "2024-03-01T00:00:00Z"
      to: "2024-03-07T00:00:00Z"
      interval: "1d"
    ) {
      datetime
      value
    }
  }
}

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Fees metrics in USD: fees_usd and fees_usd_intraday

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{
  getMetric(metric: "fees_usd_intraday") {
    timeseriesData(
      slug: "ethereum"
      from: "2024-03-01T00:00:00Z"
      to: "2024-03-07T00:00:00Z"
      interval: "5m"
    ) {
      datetime
      value
    }
  }
}

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Aggregated fees metrics: average_fees_usd, average_fees_usd_5m, median_fees_usd and median_fees_usd_5m

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{
  getMetric(metric: "average_fees_usd_5m") {
    timeseriesData(
      slug: "ethereum"
      from: "2024-03-01T00:00:00Z"
      to: "2024-03-07T00:00:00Z"
      interval: "5m"
    ) {
      datetime
      value
    }
  }
}

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Fees burnt metrics: fees_burnt_5m and fees_burnt_usd_5m

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{
  getMetric(metric: "fees_burnt_5m") {
    timeseriesData(
      slug: "ethereum"
      from: "2024-03-01T00:00:00Z"
      to: "2024-03-07T00:00:00Z"
      interval: "1d"
    ) {
      datetime
      value
    }
  }
}

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Fees to network circulation metric: fees_to_network_circulation_usd_1d

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{
  getMetric(metric: "fees_to_network_circulation_usd_1d") {
    timeseriesData(
      slug: "ethereum"
      from: "2024-03-01T00:00:00Z"
      to: "2024-03-07T00:00:00Z"
      interval: "1d"
    ) {
      datetime
      value
    }
  }
}

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Gas used metrics: avg_gas_used and total_gas_used

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{
  getMetric(metric: "avg_gas_used") {
    timeseriesData(
      slug: "ethereum"
      from: "2024-03-01T00:00:00Z"
      to: "2024-03-07T00:00:00Z"
      interval: "1d"
    ) {
      datetime
      value
    }
  }
}

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