Introduction
To assist BitShares stakeholders with understanding the source and quantity of fees that are collected by the network, a report has been prepared that covers the collected fees since the blockchain's inception in October 2015 through August 2017. Note that the fees collected are the fees paid by users for operations that they submitted. A summary of the report appears below.
August 2017
During the month, 0.80 million BTS were collected for 8.92 million operations (within 2.96 million transactions) on the blockchain. 48% of the operations were due to market order creations, and 43% were due to market order cancellations. However, those operations only generated 8% of the collected fees.
The leading distribution of operational fees paid/collected with BTS were as follows:
| Operation Type | % of Total BTS |
|---|---|
| Asset create | 69% |
| Account upgrade | 17% |
| Limit order create | 7% |
| Account create | 4% |
| Transfer | 2% |
| Limit order cancel | 1% |
All Time
The quantity of operations and transactions, regardless of which asset was used to pay the operational fee, are plotted below on a monthly basis.
The BTS fees collected since the inception of the blockchain are plotted below. Note that a fee paid in BTS does not necessarily mean that the operation itself involved BTS. For example, the fee to transfer BTS could be paid for in BTS, bitUSD, or any other asset. It just happens to be that the majority of fees are paid for in BTS.
The leading distribution of operational fees paid/collected with BTS were as follows:
| Operation Type | % of Total BTS |
|---|---|
| Asset create | 49% |
| Account upgrade | 25% |
| Account create | 16% |
| Limit order create | 4% |
| Transfer | 2% |
| Asset publish feed | 1% |
| Witness create | 1% |
| Witness balance withdrawal | 1% |