# Injective Cosmos Fees Methodology

## 1. Overview

Fees measures the total value paid by users to execute transactions on Injective Cosmos. These fees represent the cost of network utilization and are primarily distributed to validators as compensation for securing the blockchain and processing transactions. This metric is utilized to assess the overall economic activity and value generation within the Injective Cosmos ecosystem.

## 2. Data sources

- **Blockchain events**: Transactions from Injective Cosmos
- **External data**: End-of-day price feeds for the native INJ asset

## 3. Step-by-step calculation

### Component A: Injective Cosmos transaction fee extraction

- **Purpose**: Captures the raw fee amounts paid for every transaction on the network.
- **Logic**: Transaction fee metadata is parsed from on-chain transaction records. Numeric values and asset denominations are extracted from the raw transaction strings. Extracted amounts are normalized by decimal precision to represent the quantity in the native INJ asset.
- **Key fields**: `block_timestamp`, `transaction_fee`, `transaction_hash`

### Component B: USD conversion and aggregation

- **Purpose**: Normalizes native fee values to USD and aggregates them for reporting.
- **Logic**: Daily totals of the native fee amounts are calculated. These totals are then multiplied by end-of-day price feeds for the INJ asset to determine the USD value. The resulting data is aggregated to a daily granularity using UTC day boundaries.
- **Key fields**: `timestamp`, `total_fees`, `price`

*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)

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

Fees

Fees

Chain breakdown