twitter

discord

website

Blockchains (L1)

Movement

# Movement Expenses Methodology

## 1. Overview

The Movement expenses metric measures the daily operational costs incurred by the Movement blockchain through token reward distributions. This metric treats staking reward payouts as blockchain operational expenses, providing insight into the network's daily cost structure. The calculation aggregates all MOVE token rewards distributed to stakers and validators, converts them to USD, and reports them as daily expenses.

## 2. Data sources

- **Movement blockchain events**: Event logs from the Movement blockchain containing reward distribution events
- **End-of-day token price feeds**: USD pricing data for the MOVE token to enable currency conversion
- **Token metadata**: MOVE token configuration including decimal precision (8 decimals)

## 3. Step-by-step calculation

### Component A: Movement reward event extraction
- **Purpose**: Identifies and extracts all staking reward distribution events from Movement blockchain
- **Logic**: Filters Movement blockchain event logs for two specific event types: `DistributeRewardsEvent` and `DistributeRewards` (both from the `0x1::stake` module). Each event contains reward distribution data including the pool address receiving rewards and the reward amount. The events are processed with their block timestamp, transaction hash, block height, and event index for proper ordering and deduplication.
- **Key fields**: `block_timestamp` for daily aggregation, `rewards_amount` from the JSON data field containing the raw reward amount, and `pool_address` identifying the staking pool

### Component B: Reward amount processing
- **Purpose**: Converts raw reward amounts to proper MOVE token units and aggregates by day
- **Logic**: Extracts the `rewards_amount` value from the JSON data field of each reward event. Converts the raw amount to MOVE tokens by dividing by 10^8 (8 decimal places). Groups all rewards by day using timestamp truncation and sums the total MOVE tokens distributed as rewards for each day. The aggregation includes metadata fields like chain identifier (movement), business classification (Blockchain, blockchains_l2, blockchain), and token contract name (MOVE).
- **Key fields**: `amount` (converted MOVE token amount), `timestamp` (truncated to day), and various classification fields for business reporting

### Component C: USD conversion and standardization
- **Purpose**: Converts MOVE token amounts to USD and applies standard metric formatting
- **Logic**: Takes the daily aggregated MOVE token reward amounts and converts them to USD using end-of-day price feeds for the MOVE token. The conversion uses the native token address identifier and applies the `convert_to_usd_and_correct_decimals` macro. After USD conversion, applies the `finalize_metric_token_incentives` macro to standardize the data schema, validate identifiers, and fill any date gaps using a fill-zeros strategy.
- **Key fields**: `token_incentives` (USD value of daily reward distributions), standardized timestamp and chain identifier fields

### Final aggregation
- **Combining components**: The expenses metric directly uses the token incentives value as the expense amount, treating all staking reward distributions as operational expenses
- **Currency conversion**: MOVE token amounts are converted to USD using end-of-day price feeds matched to the reward distribution date
- **Time aggregation**: Daily boundaries are established by truncating block timestamps to day precision, with all rewards within a calendar day summed together
- **Final calculation**: The final expenses value equals the total USD value of MOVE tokens distributed as staking rewards on each day, representing the blockchain's daily operational cost for maintaining network security and validator incentives

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

Total project operating and incentive expenses.

MovementMOVE

Archived

Expenses

Expenses

Competitive landscape