GuideAPI Doc

Total Fees

Measure the total transaction fees paid by network participants to miners over a given period — a key indicator of demand for block space and network activity.

Overview
Transaction fees represent the economic cost users are willing to pay to have their transactions confirmed on-chain. High fee levels indicate strong demand for limited block space, while low fees suggest reduced transaction pressure or low network activity.

Total fees can be measured in native units (BTC) or USD, showing both on-chain activity intensity and its monetary impact.

Formula

T o t a l F e e s t = ∑ i = 1 n T x F e e i TotalFees_t = \sum_{i=1}^{n} TxFee_i
T o t a l F e e s U S D , t = ∑ i = 1 n T x F e e i ∗ P r i c e t TotalFees_{USD,t} = \sum_{i=1}^{n} TxFee_i * Price_t

Interpretation

  • High total fees: Congested network or increased usage (bull markets).

  • Low total fees: Reduced demand, often during consolidation phases.

Insights
Tracking total fees helps assess whether block space is scarce (bullish network usage) or underutilized (bearish sentiment).

Available Metrics