Do you want to see what fee-less really means in hard numbers? Would you like to know exactly how big an advantage Hive has over both Ethereum and Bitcoin in this area?
We often discuss how Hive is advanced technology that is a lot less expensive to run. So let us begin to put it in numbers.
To start, we look at the daily transactions as posted on Blocktivity.
As we can see, Ethereum is about 400K more per day than Hive while Bitcoin about the same amount less. Some question the accuracy of the Blocktivity numbers, especially with the Proof-of-Work chains. Nevertheless, even if it is off be a factor of 100%, it shows that neither Bitcoin nor Ethereum is doing 10 million or more transactions per day. This is sensible when one considers the time it takes to complete a single transaction. It is the limiting factor of both chains.
Of course, we know the amounts, in USD terms, on both those chains far outpaces what it is on Hive. There are some enormous sums of money moved on both Bitcoin and Ethereum. However, it is vital to remember that it costs the same amount, in fees, to send $1 as it does $1 billion. The data size does not change as the value increases.
The same site also shows us what the present fees are on Bitcoin and Ethereum. We know these have dropped a little from where they were during the last month. This might be temporary or it could be at this level for a while. Users of the platforms simply do not know.
As we can see, a Bitcoin transaction costs about $28 while Ethereum just shy of $10. Evidently, these amounts, as well as higher ones, really add up.
How much does this add up to?
Here are a couple headlines that capture it.
That is a whopping sum. Of course, Bitcoin near $60K really helps that along. However, there is another piece to focus upon.
According to available data, 14.51% of the April revenue came from transaction fees -- some $247 million. This figure represents the highest fee-to-revenue ratio since early 2018.
Bitcoin transaction fees amounted to $247 million for the month of April. This is the money paid out of people's wallets simply to send a transaction.
That, however, is not the worst of it.
A similar headline.
Ethereum miners helped acquire over $1.5 billion in revenue during April, surpassing the previous high of $1.38 billion reported in March. $702 million of the total figure was in transaction fees, or the funds paid to transact on the Ethereum network.
That is a kick in the pants. Almost half the revenues for the month came from transaction fees. A whopping $700 million was paid by users in fees just to send money from one wallet to another.
We discuss how Hive has fee-less transactions. The fees paid by users of Bitcoin and Ethereum amounted to large sums of money for the privilege to operate on those blockchains.
How does Hive stack up?
The numbers we will use come from 
So let us see how the Witnesses on Hive did.
There was a total of 200206 blocks produced and 57732.16 HP earned during last week.
Using some advanced mathematical skills we see that 57,732 on a monthly basis is 242,474 Hive. If we apply the present HIVE price of 63 cents, we see that the total is $152,758 for the month.
This is a healthy sum but a lot less than what we see on Bitcoin and Ethereum. We must remember, that if Blocktivity's numbers are even remotely correct, the volume of transactions in number does not exceed Hive by a tremendous amount.
Of course, the price of HIVE is a lot lower than what the others are. Let us, for discussion sake, 10x the price of HIVE. This would make it $6.30 and the amounts would jump to $1.5 million. This is a much bigger sum.
There is a challenge with doing this however. The price, in USD, really does not matter to the ecosystem (as it applies here). None of this is coming from anyone's wallet. All the HIVE (HP) being distributed comes from the blockchain. This is similar to miners winning the race on Ethereum and Bitcoin.
Thus we might want to look at the revenues for block validators that came as a result of the fees.
Here is where the fee-less comes in.
That total for the month of April on Hive: ZERO.
To read the full Witness Earning Report, go here
That is really an eye opening conclusion.
Hive users paid ZERO in fees to transact compared to more than $700 million on Ethereum and $240 million on Bitcoin. Certainly, the reason for sending the money, especially on Ethereum, is a bit different. That is people getting involved in DeFi as well as the NFT craze.
However, from the idea of a payment or money transaction standpoint, it is easy to see how these fees could be avoided.
We often take the fee-less idea for granted until the numbers are looked at. Sure anyone can conclude that when faced with a $30 fee simply to send some money. That said, the totality of it all, for the entire system, really can put things in perspective.
This is one major advantage that Hive as over those other two chains. Over tens of millions of transactions in the month, the difference gets into hundreds of millions of dollars.
Actually, if we add up the two chains, we come in near $1 billion. There was a time when that was considered to be a lot of money.
Total revenues from transaction fees on Hive: ZERO.
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