fee_median_usd
Tech spec
| Field | Value |
|---|---|
| API name (slug) | fee_median_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 median fee rate for Bitcoin transactions per byte.
fee_median_usd captures the typical fee rate users pay per byte of transaction data, reflecting network demand and congestion levels.
Metric variants
- _usd: fee_median_usd denominated in USD.
- _btc: fee_median_usd denominated in BTC.
Interpretation Understanding the fee_median_usd is essential for gauging the economic principles of supply and demand within the Bitcoin network. When the metric is high, it signifies a robust demand for transaction processing, often correlating with market uptrends or increased network activity. On the flip side, a lower average fee rate could point to reduced network congestion or a bearish market sentiment. This insight is invaluable for users in optimizing their transaction fees and for analysts assessing market behavior and network health.
Advanced Explanation In Bitcoin, transaction fees are calculated in satoshis (the smallest Bitcoin unit) per byte of transaction data. Therefore, the fee_median_usd quantifies the maximum amount of satoshis users are willing to pay per byte to expedite their transactions. This addressing of "fee per byte" helps ensure that transactions of varying sizes are evaluated equitably, providing clarity on network fee trends without the complexity of varying transaction sizes diluting the insight
Aggregation logic: average (of block median) over time period.