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Dash Daily Number of Transactions Reaches All Time High While Transaction Fees Are Reduced to One Year Low

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Despite recent bear market across cryptocurrencies, Dash has been attracting users across the globe. Dash daily number of transactions reached all time high of over 35,000 transactions, briefly surpassing Litecoin on June 23rd 2018. Despite spiking number of transactions, Dash development teams manage to reduce transaction fees to one year low. The median transaction fee dropped to sub-cent level at $0.0006, while the average transaction fee dropped to $0.026, based on data from bitInfoCharts. Dash adoption can be attributed to Dash’s rapid integrations and partnerships, recent merchant adoption in Venezuela, and user interface and user experience improvements of wallets for Dash, while a series of technical improvement has been made under the umbrella of Dash Evolution, which is set to be completed at the year end.

Dash communities, the subreddit and the Dash forum for example, have focused on pushing a cash-like experience for Dash users, providing simple, fast and low cost transactions. Through Dash Decentralized Autonomous Organization (DOA), development projects and marketing campaigns are funded. The funding is collected as part of the transaction fees, while distributed across accepted proposals, voted monthly by Master Nodes holding 1,000 Dash or more. Both Dash Evolution and Dash Venezuela are two examples of notable projects funded via Dash DAO that contribute to Dash's current success.

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