# HyperEVM Average transaction fee Methodology

## 1. Overview

Average transaction fee is defined as the average fee paid by users per transaction on HyperEVM. The typical cost of interacting with the HyperEVM network is reflected by this metric. By analyzing the average transaction fee, the cost-efficiency and economic throughput of the network can be evaluated over time. This metric is calculated by dividing the total gas fees collected by the total number of transactions processed on a daily basis.

## 2. Data sources

- **Blockchain events**: Transaction execution data, including gas usage and effective gas prices, captured 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 fee calculation

- **Purpose**: To calculate the total gas fees paid for transactions on HyperEVM.
- **Logic**: Transaction data is extracted from HyperEVM. For each transaction, the gas used is multiplied by the effective gas price to calculate the gas fee. The effective gas price is normalized by decimal precision. These gas fees are then aggregated daily.
- **Key fields**: `gas_used`, `effective_gas_price`, `token_address`, `block_timestamp`

### Component B: HyperEVM transaction count aggregation

- **Purpose**: To count the total number of transactions processed on HyperEVM daily.
- **Logic**: Transactions on HyperEVM are filtered for timestamps starting from June 1, 2025. The total number of transactions is counted and aggregated on a daily basis.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component C: USD conversion and average fee calculation

- **Purpose**: To convert daily fees to USD and calculate the average transaction fee.
- **Logic**: Daily gas fees are converted to USD using end-of-day price feeds for the native gas asset. The average transaction fee is calculated by dividing the total daily USD-denominated gas fees by the daily transaction count. A safe division is applied to handle cases where the transaction count is zero.
- **Key fields**: `fees`, `transaction_count`, `timestamp`

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

Average transaction fee

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

Average transaction fee

Average transaction fee

Chain breakdown