Is Dogecoin network cheap?

In a new post on X, the market intelligence platform IntoTheBlock shared an infographic showing the average transaction fees comparison between the top networks in the industry.
Read more: This is the reason for the sharp decline in the prices of Bitcoin, Ethereum, and Dogecoin
The transfer fee here naturally refers to the amount that any sender on the blockchain must attach to their transaction as compensation to the chain validators. How much ordinary investors are willing to pay for their actions depends on the conditions on the network at that time.
When a blockchain receives a large amount of traffic, the average fee may increase. This is because the network has limited capacity to process transactions, so validators tend to prioritize actions that offer the highest payment amounts.
Investors who want to complete their actions as quickly as possible have no choice but to incur costs higher than the average level. As senders compete with each other in this way, if the traffic is particularly high, the average fee on the network is prone to skyrocket.
Although investors must pay fees during congested periods, they have no incentive to do so when network activity is low. Therefore, fees tend to decrease in such cases.
Now, this is a chart released by the analysis company, showing the latest values of the average transaction fees for eight networks: Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Tron (TRX), Toncoin (TON), Litecoin (LTC), Avalanche (AVAX), and Bitcoin Cash (BCH).
From the table, it can be seen that Ethereum is currently the most expensive network, with investors needing to pay an average of $4.84. Bitcoin investors need to pay much less, but the average of $1.5 for this chain is still quite high compared to other currencies on the list.
The transaction costs of Dogecoin, Avalanche, Bitcoin Cash, and Toncoin are similar, ranging from $0.024 to $0.032. Given their large trading volumes, this cost can be ignored. Tron has higher transaction costs, with an average fee of $0.24, but it is obviously much lower than BTC and ETH.
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Among these altcoins, Dogecoin naturally stands out because meme coins have a larger market capitalization and therefore attract more traffic.
However, the most impressive network on the list is undoubtedly Litecoin, as investors taking action on the chain only need to pay an average fee of 0.0051 USD.

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