feerate_avg
Tech spec
| Field | Value |
|---|---|
| API name (slug) | feerate_avg |
| Group | fees |
| Unit / Valuetype | sats/vb / 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 fee rate for Bitcoin transactions per byte.
feerate_avg measures the average fee rate users pay per byte of transaction data over a day, offering insights into fee dynamics and network congestion.
Metric variants
- _usd: feerate_avg denominated in USD.
- _btc: feerate_avg denominated in BTC.
Interpretation Understanding the feerate_avg 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 feerate_avg quantifies the maximum amount of satoshis users are willing to pay per byte to expedite their transactions within a 24-hour period. 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. This feerate_avg is computed by taking the daily mean of the average per block.
Aggregation logic: average over time period.