fee_avg_usd
Tech spec
| Field | Value |
|---|---|
| API name (slug) | fee_avg_usd |
| Group | fees |
| Unit / Valuetype | usd / other |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/fees |
| Tier | 0 |
| Last updated | 2025-08-30 07:29 UTC |
| Docs | Open in Swagger |
Brief Description: The average Bitcoin transaction fee.
fee_avg_usd reflects the typical fee users pay to have their transactions processed on the Bitcoin blockchain, offering insights into network demand and transaction costs.
Metric variants
- _usd: fee_avg_usd denominated in USD.
- _btc: fee_avg_usd denominated in BTC.
Interpretation Studying the fee_avg_usd can yield valuable information for both market and network analysis. An increasing fee_avg_usd suggests a growing demand for transaction processing, potentially indicating a busy network or rising market activity. Conversely, a decreasing average fee could signal reduced network congestion or lower demand for transactions.
Advanced Explanation The fee_avg_usd is calculated as the daily mean of the average transaction fees per block.
Aggregation logic: average over time period.