# Mantra EVM Average transaction fee Methodology

## 1. Overview

Average transaction fee measures the average fee users pay per transaction on Mantra EVM. It reflects how much it typically costs to use the network. This metric serves as a key indicator of network affordability and economic throughput by comparing the total expenditure on transaction fees against the total volume of unique operations processed by the blockchain.

## 2. Data sources

- **Blockchain events**: native transactions from Mantra EVM
- **External data**: end-of-day price feeds for native gas assets

## 3. Step-by-step calculation

### Component A: Mantra EVM fee extraction

- **Purpose**: To calculate the total cost of gas associated with transactions on Mantra EVM.
- **Logic**: Transaction-level data is parsed to extract the gas used and the effective gas price. The total gas fee for each transaction is determined by multiplying the gas used by the effective gas price. These values are normalized by decimal precision to account for the native asset's denomination.
- **Key fields**: `gas_used`, `effective_gas_price`

### Component B: Mantra EVM transaction volume tracking

- **Purpose**: To determine the total number of successful operations processed by the network.
- **Logic**: Unique transactions are identified and counted based on their transaction hashes. This aggregation is performed on a daily basis to establish the denominator for the average fee calculation.
- **Key fields**: `transaction_hash`

### Component C: USD conversion and final calculation

- **Purpose**: To normalize the average fee into a standard currency and calculate the final metric.
- **Logic**: Total daily fees are converted to USD using end-of-day price feeds for the native gas asset. The average transaction fee is then calculated by dividing the total daily USD fee volume by the daily count of unique transactions. A division operation is applied that handles cases with zero transactions to ensure data integrity. The resulting values are aggregated at a daily granularity with UTC day boundaries.
- **Key fields**: `price_usd`, `transaction_count`, `fees`

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

Average transaction fee

Blockchains (L1)

Mantra is a Decentralized Exchange (DEX), initially built on Ethereum and upgraded to the Mantra Chain, a blockchain built on the Cosmos SDK.

Mantra EVM

Archived

Average transaction fee

Average transaction fee

Chain breakdown