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# Hyperbridge Expenses Methodology

## 1. Overview

Expenses measures the total cost Hyperbridge incurs to operate its business. Specifically, the daily USD value of asset incentives paid out from the protocol's treasury is measured. Outgoing transfers from the Hyperbridge treasury address are tracked as a measure of operational expenses, representing asset-based incentive payments to network participants. Treasury outflows are identified, converted from native Hyperbridge assets to USD using end-of-day price feeds, and aggregated daily.

## 2. Data sources

- **Blockchain events**: `Transfer` events from the `balances` pallet, covering Hyperbridge Substrate
- **External data**: End-of-day price feeds for the native Hyperbridge asset

## 3. Step-by-step calculation

### Component A: Treasury transfer extraction

- **Purpose**: Identify all transfers involving the Hyperbridge treasury address
- **Logic**: `Transfer` events from the `balances` pallet are extracted where the treasury address `13UVJyLkyUpEiXBx5p776dHQoBuuk3Y5PYp5Aa89rYWePWA3` is identified as either the sender or the recipient. Event data is parsed to extract the sender address, recipient address, and transfer amount. Only successful transfers are included. Transfers from the founder's address (`1333zsMafds2sKAr8nG3zwXTCHPYv2Nm6CRgakpu6YVGt7nM`) are excluded. Native asset amounts are normalized by decimal precision.
- **Key fields**: `from_address`, `to_address`, `amount`, `block_timestamp`, `extrinsic_hash`

### Component B: Asset incentives identification

- **Purpose**: Filter treasury transfers to identify outgoing payments as asset incentives
- **Logic**: Treasury transfers are filtered to only include transactions where the treasury address is the sender. These outgoing transfers are classified as asset incentive payments made by the protocol. Asset amounts are aggregated daily by truncating timestamps to day boundaries and summing all incentive payments within each day.
- **Key fields**: `amount`, `timestamp`, `chain_id`, `product_id`

### Component C: USD conversion and aggregation

- **Purpose**: Convert native Hyperbridge asset amounts to USD values and aggregate expenses
- **Logic**: USD conversion is applied using end-of-day price feeds for the native Hyperbridge asset. Daily aggregated asset incentive amounts are multiplied by the corresponding end-of-day prices to calculate USD equivalents. These values are mapped to the expenses metric for Hyperbridge App. Missing dates are filled with zeros to ensure complete time series coverage.
- **Key fields**: `expenses`, `timestamp`

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

Total project operating and incentive expenses.

HyperbridgeBRIDGE

Archived

Expenses

Expenses

Competitive landscape

Chain breakdown