Transaction Fees on Stellar

BlockEQ
BlockEQ
Mar 22, 2018 · 1 min read

If you read our last post on why we chose Stellar, you’ll remember one of the reasons we highlighted was transaction efficiency; how fast and cheap transactions can be sent across the network.

Bitcoin transaction fees over the past year have ranged from a low of $0.58 to over $50. On Ethereum, transaction fees have ranged from a low of $0.13 to over $5. Stellar’s transaction fees have remained fixed at 0.00001 XLM per transaction.

Since fees are tied to the price of Stellar’s currency, Lumens (XLM), they do rise relative to the price. We’ve created a chart below to show how this fee could vary based on the price of Stellar and the implied market cap (using the current 103 B total supply).

Seeing the above chart, it is clear that Stellar transactions will remain very cheap even at significantly higher market caps.

Even at a $5 per XLM, which is 20 times greater than today’s current prices, the cost of a transaction would still be 1/200th of a penny. So you can be rest assured that fees on Stellar will remain very low regardless of XLM price.

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