# HyperEVM Fees Methodology

## 1. Overview

Fees measures the total value paid by users to execute transactions on HyperEVM. These fees are generated to cover the costs of computational resources, state transitions, and transaction execution on the network. The aggregation of these fees is utilized to evaluate the economic activity, user demand, and overall security budget of the HyperEVM execution environment. All transaction fees are denominated in the native gas asset and converted to USD to enable standardized analysis.

## 2. Data sources

- **Blockchain events**: Transaction execution data, including gas used and effective gas price, parsed from HyperEVM transactions, covering HyperEVM
- **External data**: End-of-day price feeds for the native gas asset

## 3. Step-by-step calculation

### Component A: HyperEVM transaction gas fee extraction

- **Purpose**: Extract gas consumption and pricing metrics for each transaction on HyperEVM.
- **Logic**: Transaction records are parsed to retrieve the gas used and the effective gas price. The effective gas price is normalized by decimal precision. The gas fee for each transaction is calculated by multiplying the gas used by the normalized effective gas price.
- **Key fields**: `gas_used`, `effective_gas_price`, `token_address`

### Component B: Daily aggregation and USD conversion

- **Purpose**: Aggregate transaction fees to a daily granularity and convert the values to USD.
- **Logic**: Transaction-level gas fees are aggregated by day using UTC boundaries. The daily aggregated fees are converted to USD by multiplying the fee amounts by the end-of-day price of the native gas asset.
- **Key fields**: `block_timestamp`, `gas_fee`, `price_usd`

### Component C: Finalization and zero-filling

- **Purpose**: Ensure data continuity and apply standard metric filters.
- **Logic**: The daily USD-denominated fees are processed to ensure correct data types and schema alignment. A zero-filling strategy is applied to prevent gaps for days with no transaction activity. Chain availability filters are applied to align the data with approved reporting periods.
- **Key fields**: `timestamp`, `fees`

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

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

Fees

Blockchains (L1)

Hyperliquid generates revenue through on-chain perpetual futures and spot trading, facilitated by its HyperCore execution layer. Every order, trade, and liquidation occurs on-chain with one-block finality, enabling ultra-low latency and transparent trading. Liquidity providers and market makers earn supply-side fees from bid-ask spreads and transaction rebates, while network participants can earn governance and staking rewards via the HYPE token.

Hyperliquid is a layer-one (L1) blockchain purpose-built for trading and decentralized finance. It combines: HyperCore, the high-performance trading engine powering perpetuals, spot markets, and oracles; HyperEVM, a fully compatible smart contract layer enabling developers to build DeFi applications such as lending, vaults, governance, bridges, and stablecoins directly on-chain. Its consensus mechanism, HyperBFT, is a custom algorithm inspired by HotStuff, optimized for throughput (200k+ orders/sec) and deterministic finality. The HYPE token underpins the network, granting holders rights to participate in governance, staking, and securing the protocol — effectively letting users own a share of the Hyperliquid ecosystem.

HYPE tokenholders own, govern, and secure the Hyperliquid network through on-chain governance. The Hyper Foundation oversees community governance and ecosystem growth, ensuring decentralization and alignment of incentives across traders, builders, and validators. Hyperliquid’s investors include Tioga Capital Partners, Collab+Currency, Infinite Capital (San Juan), Optimista Capital, and RockawayX, all holding minority venture capital positions.

HyperEVM

Fees

Fees

Chain breakdown