Immutable operates a full-stack infrastructure platform for web3 gaming that includes blockchains, namely Immutable zkEVM and Immutable X, and other products, such as Passport and Orderbook. Creators & users sell NFTs on Immutable. They receive royalties from secondary sales (supply-side fees).

Immutable is a platform for building web3 games. Immutable was founded by James Ferguson, Robbie Ferguson, Alex Connolly, and launched in 2018. This dashboard includes data from Immutable Orderbook, Immutable zkEVM, and Immutable X.

IMX holders own and govern the protocol. They currently take a cut of the total trading fees paid by NFT buyers on Immutable Orderbook and the total transaction fees paid by transaction senders on Immutable zkEVM (revenue). Immutable's investors include ParaFi Capital, GameStop Digital Ventures, Fabric Ventures, etc.

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# Immutable Average transaction fee Methodology

## 1. Overview

The Immutable average transaction fee metric measures the mean cost per transaction on the Immutable zkEVM blockchain in USD. This metric is calculated by dividing the total daily transaction fees by the total daily transaction count, providing insight into the typical cost users pay for transactions on the Immutable network. The calculation leverages raw blockchain transaction data to extract gas usage and pricing information, converts fees to USD, and aggregates data on a daily basis.

## 2. Data sources

The metric relies on the following raw data sources:
- **Immutable zkEVM transaction records**: Raw blockchain transaction data including gas usage, effective gas prices, transaction hashes, addresses, and timestamps
- **End-of-day token price feeds**: Price data for the IMX token (contract address `0xf57e7e7c23978c3caec3c3548e3d615c346e79ff`) used for USD conversion
- **Token metadata**: Information about the IMX token including decimal precision for proper unit conversion

## 3. Step-by-step calculation

### Component A: Transaction data extraction
- **Purpose**: Extract and standardize raw transaction data from Immutable zkEVM
- **Logic**: Retrieve transaction records from Immutable zkEVM blockchain data, casting relevant fields to appropriate data types. The `block_timestamp` is converted to timestamp format, gas usage (`receipt_gas_used`) is cast to bignumeric, and the effective gas price (`receipt_effective_gas_price`) is converted from wei to ETH units by dividing by 10^18. The IMX token address is hardcoded as `0xf57e7e7c23978c3caec3c3548e3d615c346e79ff`
- **Key fields**: `block_timestamp`, `transaction_hash`, `gas_used`, `effective_gas_price`, `token_address`

### Component B: Gas fee calculation
- **Purpose**: Calculate the total gas fee for each transaction
- **Logic**: Multiply the `gas_used` by the `effective_gas_price` for each transaction to determine the total gas fee paid. This calculation uses the standardized gas usage and price data from the transaction extraction step
- **Key fields**: `gas_fee` (calculated as gas_used * effective_gas_price), retaining transaction identifiers and timestamps

### Component C: Daily transaction fees aggregation  
- **Purpose**: Calculate total transaction fees per day in USD
- **Logic**: Aggregate gas fees by day using timestamp truncation to daily boundaries. Apply USD conversion using end-of-day price feeds for the IMX token. The conversion process handles decimal precision and applies current market rates. Fees are summed across all transactions within each day
- **Key fields**: `timestamp` (truncated to day), `fees` (total daily fees in USD)

### Component D: Daily transaction count aggregation
- **Purpose**: Calculate total transaction count per day
- **Logic**: Count distinct transaction hashes per day using the same daily timestamp boundaries as the fees aggregation. Group transactions by truncated timestamp and sum the distinct transaction counts to get total daily transaction volume
- **Key fields**: `timestamp` (truncated to day), `transaction_count` (total daily transaction count)

### Final aggregation
- **Combining components**: Join the daily transaction fees and daily transaction counts on the timestamp field to align fee totals with transaction volumes for each day
- **Currency conversion**: USD conversion is applied at the fee calculation stage using end-of-day price feeds for the IMX token
- **Time aggregation**: All data is aggregated to daily boundaries using timestamp truncation to day granularity
- **Final calculation**: The average transaction fee is calculated by dividing the total daily fees in USD by the total daily transaction count using a safe divide operation to handle days with zero transactions

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

ImmutableIMX

Average transaction fee

Average transaction fee

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