Data

Since August 2023, there have been more than 300M transfers of less than 500 USDC on @base. These small-scale transactions have totaled more than $18 billion in value. Had there been a "swipe fee", users would have paid over $300M. Instead, they paid a gas fee, typically 1 cent or less, regardless of the amount transferred. 

This is what all that economic looks like visualized as a heatmap.

Since August 2023, there have been more than 300M transfers of less than 500 USDC on @base.base.eth. These small-scale transactions have totaled more than $18 billion in value. Had there been a "swipe fee", users would have paid over $300M. Instead, they paid a gas fee, typically 1 cent or less, regardless of the amount transferred. 

This is what all that economic looks like visualized as a heatmap.