fee_total_usd
Tech spec
| Field | Value |
|---|---|
| API name (slug) | fee_total_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 total transaction fees paid.
Metric variants
- _usd: fee_total_usd denominated in USD.
- _btc: fee_total_usd denominated in BTC.
Interpretation Transaction fees are determined by the market, with users bidding to have their transactions included in the next block by miners. As such, the fee_total_usd can serve as an indicator of network congestion and user willingness to pay for transaction priority. Conversely, during times of low network activity, the total fees might decrease.
Advanced Explanation The fee_total_usd aggregates the fees from all transactions confirmed on the Bitcoin blockchain in a 24-hour period. It reflects user demand for block space, as transaction fees incentivize miners to include transactions in blocks. Unlike block rewards, which diminish due to halving events, transaction fees vary based on network activity and congestion.
Aggregation logic: average over time period.