# Injective Cosmos Expenses Methodology

## 1. Overview

Expenses measures the total cost a project incurs to operate its business. For Injective Cosmos, token incentives paid to network participants for the maintenance of infrastructure and security are included in this metric. These expenses are represented by the value of new native assets issued through the protocol's minting mechanism and distributed as staking rewards to validators and delegators.

## 2. Data sources

- **Blockchain events**: `mint` events from block event logs, covering Injective
- **External data**: End-of-day price feeds for the native INJ asset

## 3. Step-by-step calculation

### Component A: Injective Cosmos token incentive extraction

- **Purpose**: The quantity of newly issued native assets for network staking rewards is identified and quantified.
- **Logic**: `mint` events are parsed from block-level event data where the source is identified as `BeginBlock`. The amount of minted assets is extracted from the JSON-encoded event attributes. These quantities are then normalized by decimal precision to determine the total volume of new native assets issued per block.
- **Key fields**: `event_attributes` (containing the reward amount), `event_type` (filtered for `mint`), and `source` (filtered for `BeginBlock`).

### Component B: USD conversion and aggregation

- **Purpose**: Asset quantities are converted into a standardized USD valuation for financial reporting.
- **Logic**: Daily aggregated quantities of minted native assets are multiplied by end-of-day price feeds for the INJ asset. The resulting USD values are aggregated by day using UTC boundaries. These figures are then categorized as expenses for the Injective Cosmos product.

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

Total project operating and incentive expenses.

Expenses

Blockchains (L1)

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

Injective is a smart contract platform for decentralized finance applications (a blockchain) and an orderbook exchange protocol. Injective was founded by Eric Chen, Albert Chon etc. and launched in 2020. Note that this dashboard only tracks Injective's blockchain business.

INJ holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue) via Burn Auctions. Injective's investors include Binance, Jump Crypto, Mark Cuban, etc.

Injective Cosmos

Expenses

Expenses

Chain breakdown