feerate_min
Tech spec
| Field | Value |
|---|---|
| API name (slug) | feerate_min |
| 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 minimum fee rate for Bitcoin transactions per byte.
feerate_min represents the lowest fee rate paid per byte of transaction data, providing insights into network demand and fee dynamics.
Metric variants
- _usd: feerate_min denominated in USD.
- _btc: feerate_min denominated in BTC.
Interpretation UUnderstanding the feerate_min 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_min quantifies the minimum 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 over time period.