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

Gnosis Chain is a smart contract platform for decentralized applications (a blockchain). Gnosis was founded by Martin Köppelmann and Stefan George and launched in 2015.

GNO holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue). 

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Gnosis

# Gnosis Average transaction fee Methodology

## 1. Overview

The average transaction fee metric measures the typical cost per transaction on the Gnosis blockchain, expressed in USD. This metric is calculated by dividing the total daily transaction fees by the total number of transactions processed each day. It provides insights into network usage costs and economic activity on Gnosis, helping users understand the financial barrier to network participation and overall network efficiency.

## 2. Data sources

- **Gnosis blockchain transaction records**: Complete transaction data from the Gnosis blockchain including transaction hashes, gas usage metrics, gas prices, sender and receiver addresses, block timestamps, and transaction execution details
- **End-of-day price feeds**: Daily USD price data for WXDAI token used as the price reference for converting native fee amounts to USD values
- **Account labels database**: Mapping of Gnosis addresses to human-readable labels and account titles for transaction recipient categorization

## 3. Step-by-step calculation

### Component A: Daily transaction fees calculation

- **Purpose**: Aggregates all transaction fees paid on Gnosis chain by day and converts to USD
- **Logic**: Extract all Gnosis blockchain transactions and calculate two types of fees. First, multiply `gas_used` by `effective_gas_price` for regular transaction fees. Second, multiply `blob_gas_used` by `blob_gas_price` for blob-related fees when applicable. Gas prices are converted from wei to ETH by dividing by 10^18. Combine both fee types using union and aggregate by day using daily timestamp truncation. Convert the final fee amounts to USD using end-of-day WXDAI token price feeds.
- **Key fields**: `gas_used`, `effective_gas_price`, `blob_gas_used`, `blob_gas_price`, `block_timestamp`, `fee_amount`

### Component B: Daily transaction count calculation

- **Purpose**: Counts the total number of unique transactions processed on Gnosis each day
- **Logic**: Extract all Gnosis blockchain transactions and count distinct transaction hashes per day using daily timestamp truncation. Group results by day, chain, and recipient address (`to_address`). Enrich transaction data with account labels by joining with the account labels database to categorize transaction recipients. Addresses without labels are marked as 'Unlabeled'. Aggregate the final counts by day across all recipient categories.
- **Key fields**: `transaction_hash`, `block_timestamp`, `to_address`, `transaction_count`

### Final aggregation

- **Combining components**: Join daily transaction fees and daily transaction counts on the same date timestamp to align fee totals with transaction volumes for each day
- **Currency conversion**: USD conversion applied to fee amounts using end-of-day WXDAI token price feeds, with decimals already corrected during the gas price conversion from wei to ETH
- **Time aggregation**: All data aggregated to daily boundaries using timestamp truncation to day level, ensuring consistent time alignment between fees and transaction counts
- **Final calculation**: Divide total daily fees in USD by total daily transaction count using safe division to handle days with zero transactions, producing the average transaction fee per transaction in USD for each day

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

GnosisGNO

Average transaction fee

Average transaction fee

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