There’s been a lot of action in the world of cryptocurrencies over the last 12 months and a myriad of metrics have changed. A recent report from forexsuggest.com shows that dogecoin fees saw the largest increase since January 1, 2021, jumping 4,230% in a year. Ethereum’s transaction fees were the most expensive at the end of 2021, as the average transfer fee was $52.45 per transaction.
Digital currencies saw significant growth last year in terms of value and onchain data. The average cryptocurrency transaction fees in 2021 changed a great deal as well. A study published by forexsuggest.com highlights 15 different crypto assets in order to compare average fees and the growth over 12 months. Some of the assets chosen were relatively unknown and older cryptos such as feathercoin (FTC) and blackcoin (BLK).
According to the researchers, dogecoin (DOGE) saw the largest fee increase in the year, spiking 4,230% from $0.01 per transfer to $0.433. Xrp (XRP) saw the second-largest increase in 12 months jumping 3,810% from $0.000166 to $0.00649 per transfer.
The third biggest increase over the last 12 months was blackcoin (BLK), with transfer fees increasing 1,886% from $0.00000442 to $0.0000878 per transaction. The most expensive transaction fees occurred on the Ethereum (ETH) network, and ETH was also the fourth largest gainer in terms of 12-month fee increases.
ETH transfer fees jumped 1,459% from $3.36 to $52.45 per transaction. The fifth-largest jump in fees stemmed from the Zcash (ZEC) network, as ZEC fees increased 806% in 12 months. ZEC fees on January 1, 2021, were around $0.00000406 and at the end of the year, ZEC transfer fees were $0.0000368.