# Injective EVM Fees Methodology

## 1. Overview

The total value paid by users for transaction execution on Injective EVM is measured by the Fees metric. These fees are generated through the processing of on-chain activity and represent the economic value captured by the network. An EIP-1559 fee mechanism is utilized, wherein transaction costs are separated into base fees and priority fees. All fees are initially denominated in the native INJ asset.

## 2. Data sources

- **Blockchain events**: Transaction and block data from the Injective EVM chain
- **External data**: End-of-day price feeds for the native INJ asset

## 3. Step-by-step calculation

### Component A: Injective EVM transaction data extraction

- **Purpose**: Captures gas usage and pricing parameters for every transaction on Injective EVM
- **Logic**: Gas usage and effective gas prices are extracted from transaction records. These records are combined with block-level data to retrieve the base fee per gas for each corresponding transaction.
- **Key fields**: `gas_used`, `effective_gas_price`, and `base_fee_per_gas`

### Component B: Injective EVM gas fee calculation

- **Purpose**: Calculates total fees based on the EIP-1559 fee model
- **Logic**: The base fee is calculated by multiplying the gas consumed by the base fee per gas. The priority fee is determined by subtracting the base fee per gas from the effective gas price and multiplying the resulting value by the gas consumed. Total fees are then calculated as the sum of the base fee and the priority fee.
- **Key fields**: `base_fee` and `priority_fee`

### Component C: USD conversion and aggregation

- **Purpose**: Normalizes fee values to USD for cross-project comparison
- **Logic**: Total fee amounts in the native asset are normalized by decimal precision and multiplied by end-of-day price feeds for INJ. Data is aggregated to a daily granularity using UTC day boundaries.
- **Key fields**: `block_timestamp` and end-of-day price feeds

*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 EVM

Fees

Fees

Chain breakdown