Users deposit funds into Circle account and receive USDC or EUROC at a 1:1 rate.

Circle is a financial technology company that is the principal architect of USDC and EUROC - full-reserve fiat stablecoins that bring US dollar and euro liquidity on-chain.

Circle is a private company registered in the US. Circle's investors include Goldman Sachs, Baidu, and IDG Capital etc.

github

twitter

discord

website

Stablecoin issuers

Circle

# Circle Average transaction fee Methodology

## 1. Overview

The average fee paid by users per transaction on Arc is measured by the Average transaction fee metric. The typical cost incurred to use the network is reflected by this metric. This metric is specifically calculated for Arc, the Layer 1 blockchain where gas fees are paid in USD Coin.

## 2. Data sources

- **Blockchain events**: Transaction data, including gas usage and effective gas prices, is captured from Arc

## 3. Step-by-step calculation

### Component A: Transaction fee extraction

- **Purpose**: The total gas fees paid per transaction on Arc are extracted and calculated.
- **Logic**: Gas fees are calculated for each transaction on Arc by multiplying the gas used by the effective gas price. Because gas fees on Arc are paid in USD Coin, the calculated fee amounts are normalized by decimal precision to represent the value in USD. These transaction-level fees are then aggregated on a daily basis.
- **Key fields**: `gas_used`, `gas_price`, `block_timestamp`

### Component B: Transaction count aggregation

- **Purpose**: The total number of transactions processed on Arc is counted.
- **Logic**: Every transaction submitted to Arc is tracked, with both successful and reverted transactions included in the count. The total number of unique transaction hashes is aggregated on a daily basis.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component C: Average transaction fee calculation

- **Purpose**: The average fee paid per transaction is determined.
- **Logic**: The total daily gas fees collected on Arc are divided by the total daily transaction count. This division is performed to yield the average transaction fee for each day.
- **Key fields**: `fees`, `transaction_count`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Circle

Average transaction fee

Average transaction fee

Competitive landscape

Chain breakdown