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 October 2017. Note that the fees collected are the fees paid by users for operations that they submitted. A summary of the report appears below.

October 2017

During the month, 2.31 million BTS were collected for 7.89 million operations (within 2.71 million transactions) on the blockchain. 50% of the operations were due to market order creations, and 41% were due to market order cancellations. However, those operations only generated 2% of the collected fees.

The leading distribution of operational fees paid/collected with BTS were as follows:

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 with BTS, bitUSD, or any other asset. It just happens to be that the majority of fees are paid with BTS.

The leading distribution of operational fees paid/collected with BTS were as follows: