Network participants process transactions and receive fees from users (supply-side fees).

Cosmos Hub is an interoperability & security platform for blockchains and applications. Cosmos was founded by Ethan Buchman & Jae Kwon and launched in 2019.

ATOM holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue). Cosmos’s investors include Paradigm, IOSG Ventures, 1confirmation, etc.

governance

github

twitter

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etherscan

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Blockchains (L1)

Cosmos Hub

# Cosmos Hub Fees Methodology

## 1. Overview

The Cosmos fees metric measures the total fees generated within the Cosmos ecosystem, including both standard transaction fees and Atomic Economic Zone (AEZ) fees. This metric captures revenue generated by the Cosmos Hub from two sources: fees paid by users for transactions on Cosmos Hub, and fees paid by other blockchains for using Cosmos Hub's shared security services through the AEZ model. The calculation aggregates fees across multiple token types and converts everything to USD for standardized reporting.

## 2. Data sources

The calculation relies on several key data sources:
- **Cosmos Hub transaction records**: Complete transaction data from Cosmos Hub containing transaction fees paid in ATOM tokens
- **Cosmos Hub message events**: Blockchain event logs containing transfer events with detailed event attributes stored as JSON
- **Token metadata**: Token information including decimal precision for proper amount normalization
- **End-of-day price feeds**: CoinGecko price data for USD conversion of multiple tokens including ATOM, ELYS, STRD, NTRN, and various staked tokens

## 3. Step-by-step calculation

### Component A: Standard transaction fees
- **Purpose**: Calculates fees paid by users for executing transactions on Cosmos Hub
- **Logic**: Extracts transaction fees from Cosmos Hub transaction records. The fees are originally denominated in microatoms (`uatom`) and are converted to atoms by dividing by 10^6. All standard transaction fees are aggregated by day and mapped to the `cosmos` CoinGecko ID for price conversion
- **Key fields**: Uses `transaction_fee` from transaction records, `block_timestamp` for daily aggregation, and hardcoded `unit` as `uatom`

### Component B: AEZ (Atomic Economic Zone) fees
- **Purpose**: Captures fees paid by other blockchains to use Cosmos Hub validators for shared security services
- **Logic**: Identifies AEZ fee payments by filtering transfer events where the recipient address is `cosmos1ap0mh6xzfn8943urr84q6ae7zfnar48am2erhd`. The amount is extracted from JSON event attributes using regex parsing to separate the numeric value from the token denomination. Token denominations are mapped to their corresponding CoinGecko IDs using a hardcoded lookup table that includes tokens like ATOM, ELYS, STRD, NTRN, and various staked tokens (stDYM, stTIA, stOSMO, etc.). Amounts are normalized using each token's decimal precision by dividing by 10^decimals
- **Key fields**: Uses `amount` extracted via regex from `event_attributes` JSON, `token_address` for token identification, `block_timestamp` for daily aggregation, and `coingecko_id` from the token mapping

### Final aggregation
- **Combining components**: Both fee streams are combined using a UNION ALL operation, creating a unified dataset with the same structure (timestamp, chain_id, market_sector_id, business_segment_id, product_id, coingecko_id, fees)
- **Currency conversion**: All fees are converted to USD using end-of-day CoinGecko price feeds matched by CoinGecko ID and date. The conversion handles multiple token types automatically based on their respective CoinGecko identifiers
- **Time aggregation**: Fees are aggregated at daily boundaries using timestamp truncation to day level. The final dataset includes both daily timestamp and timestamp grain fields set to 'day'
- **Final calculation**: The total daily fees metric is the sum of USD-converted standard transaction fees and AEZ fees. Chain availability filtering is applied to ensure data completeness, and the metric is formatted using standard Token Terminal conventions for fees metrics including market sector and business segment classifications

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

Total value users pay to use a protocol (gross fees, user-paid fees).

Cosmos HubATOM

Fees

Fees

Competitive landscape