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

discord

etherscan

website

Blockchains (L1)

Cosmos Hub

# Cosmos Hub Token incentives Methodology

## 1. Overview

The Cosmos token incentives metric measures the daily USD value of new ATOM tokens minted as block rewards on the Cosmos Hub blockchain. This metric tracks the inflationary rewards distributed to validators and delegators for securing the network. The calculation determines daily token inflation by measuring increases in total ATOM supply and converting these amounts to USD values using end-of-day price feeds.

## 2. Data sources

- **Cosmos Hub supply data**: Daily snapshots of total ATOM token supply on the Cosmos Hub blockchain, tracking the complete circulating supply over time
- **End-of-day price feeds**: ATOM token price data from CoinGecko providing USD conversion rates
- **Chain availability configuration**: Data determining when Cosmos Hub data should be available and included in metrics

## 3. Step-by-step calculation

### Component A: Daily supply change tracking
- **Purpose**: Calculate the daily amount of new ATOM tokens minted by measuring supply increases
- **Logic**: Extract daily total supply values from Cosmos Hub supply data and calculate the difference between consecutive days using a lag window function. Each day's minted amount equals the current day's total supply minus the previous day's total supply. Days where the previous supply is zero or missing are excluded to avoid invalid calculations.
- **Key fields**: `total_supply` represents the complete ATOM token supply, `block_timestamp` provides daily boundaries, `daily_minted_amount` contains the calculated daily increase

### Component B: Unit conversion and aggregation  
- **Purpose**: Convert microATOM units to standard ATOM units and aggregate daily totals
- **Logic**: Convert daily minted amounts from microATOM (uatom) to ATOM by dividing by 10^6, as Cosmos uses 6 decimal places for ATOM tokens. Aggregate all minted amounts within each day using timestamp truncation to establish daily boundaries. Group results by day, chain, token address, and reward type to create daily summaries.
- **Key fields**: `token_incentives` contains the ATOM amounts after unit conversion, `daily_timestamp` establishes day-level aggregation boundaries, `reward_type` is labeled as 'Block rewards'

### Component C: USD conversion
- **Purpose**: Convert ATOM token amounts to USD values using market prices
- **Logic**: Apply CoinGecko price feeds to convert daily ATOM token incentive amounts to USD values. The conversion uses end-of-day ATOM prices matched to the corresponding date of each daily token incentive calculation.
- **Key fields**: `token_incentives` becomes the USD-denominated value after price conversion, `coingecko_id` identifies ATOM for price lookup

### Final aggregation
- **Combining components**: The components flow sequentially - supply changes are calculated first, then converted to standard ATOM units, then converted to USD values
- **Currency conversion**: USD conversion applies CoinGecko end-of-day ATOM prices to the daily token amounts after unit conversion from microATOM to ATOM
- **Time aggregation**: Daily boundaries are established using timestamp truncation, with all calculations aggregated to day-level granularity
- **Final calculation**: The final metric represents the total USD value of ATOM tokens minted each day as block rewards, calculated as: (daily supply increase in uatom ÷ 10^6) × ATOM price in USD. Zero-filling is applied for missing days to ensure continuous time series, and chain availability filters determine when Cosmos data should be included.

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

Value of native tokens distributed as incentives.

Cosmos HubATOM

Token incentives

Token incentives

Competitive landscape