twitter

discord

website

Blockchains (L1)

Movement

# Movement Fees Methodology

## 1. Overview

Movement fees represents the total transaction fees paid by users on the Movement blockchain, measured daily in USD. This metric captures the economic activity and network usage by aggregating all gas fees paid for transaction execution. The calculation multiplies gas consumed by gas prices for each transaction, then aggregates by day and converts to USD using end-of-day price feeds.

## 2. Data sources

- **Movement blockchain transactions**: Raw transaction records from the Movement blockchain containing gas usage, gas pricing, timestamps, and transaction metadata
- **End-of-day price feeds**: Token price data for converting native Movement token amounts to USD values
- **Movement network metadata**: Chain classification data identifying Movement as an L2 blockchain in the blockchain market sector

## 3. Step-by-step calculation

### Component A: Transaction fee calculation
- **Purpose**: Extract and normalize individual transaction fee data from raw Movement blockchain transactions
- **Logic**: Raw transaction records are filtered to exclude invalid timestamps (before 2000-01-01), with a special case for genesis block transactions hardcoded to December 5, 2024. Gas unit prices are normalized by dividing by 10^8 to correct decimal precision. Each transaction's fee is calculated by multiplying the `gas_used` field by the normalized `gas_unit_price`
- **Key fields**: `gas_used` (gas consumed by transaction), `gas_unit_price` (price per gas unit, decimal-corrected), `block_timestamp` (transaction timing), `hash` (transaction identifier), `sender` (transaction originator)

### Component B: Daily fee aggregation  
- **Purpose**: Aggregate individual transaction fees into daily totals
- **Logic**: Transaction timestamps are truncated to day boundaries using timestamp truncation. All transaction fees within each day are summed together using the multiplication of `gas_used` and normalized `gas_unit_price` from the previous component. The aggregation groups by daily timestamp to produce one fee total per day
- **Key fields**: `timestamp` (daily boundary), `fee_amount` (sum of all daily transaction fees in native tokens), `timestamp_grain` (set to 'day')

### Final aggregation
- **Combining components**: Daily fee amounts flow directly from the aggregation component into the final metric formatting
- **Currency conversion**: Native Movement token amounts are converted to USD using end-of-day price feeds through automated currency conversion macros, with decimal correction disabled since fees are already properly scaled
- **Time aggregation**: Data maintains daily granularity with timestamp boundaries set at day level
- **Final calculation**: The final metric value equals the sum of all transaction fees per day (gas_used × gas_unit_price for each transaction, summed daily) converted to USD. Final formatting includes chain classification (Movement as L2 blockchain), market sector assignment (blockchains_l2), business segment (blockchain), and native token identification.

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

Total value users pay to use a protocol (gross fees, user-paid fees).

MovementMOVE

Archived

Fees

Fees

Competitive landscape