Activity to Fee Ratio

Overview

This indicator calculates the ratio of daily active addresses on the network to the total fees paid on the blockchain. It offers insights into network health, usage value, and the potential impact of high fees on user activity.

The ratio is calculated by dividing the total number of daily active addresses on the network by the total fees paid on the blockchain for that day.

💡 How can I use it?

This indicator provides insights into how fees might be affecting network activity. A higher ratio indicates more activity relative to the fees paid, suggesting that users find enough value on the network to warrant the fees. Conversely, a lower ratio could imply that high fees are discouraging activity.