Original archived Understanding why fees are higher than the transaction
Scraped on 04/06/2025, 06:53:58 UTC
Hello,
several times I saw transactions on the blockchain where the average fee shown at memspace is pretty low, like 1 sat/vB, but the paid feed for a transaction is higher than the amount that was to be transferred.
Here is an example
https://mempool.space/tx/bd9d7c255bad5a51e09ad535f55b51ab19054489b8e46cc24f47a127a5058593Can anyone explain what the purpose of these transactions are?