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Blockchains (L1)

Movement

# Movement Average transaction fee Methodology

## 1. Overview

The Movement average transaction fee metric measures the mean cost per transaction on the Movement blockchain, expressed in USD. This metric is calculated by dividing the total daily transaction fees by the total number of transactions executed on each day. The calculation helps assess the economic efficiency and cost dynamics of the Movement network, providing insight into gas market conditions and network utilization patterns.

## 2. Data sources

- **Movement blockchain transaction records**: Raw transaction data from the Movement blockchain containing transaction hashes, timestamps, sender addresses, gas usage amounts, and gas unit prices
- **End-of-day token price feeds**: Daily closing prices for the Movement native token to enable USD conversion of fee amounts
- **Token metadata**: Movement native token information including decimal precision and currency identifiers

## 3. Step-by-step calculation

### Component A: Transaction data extraction
- **Purpose**: Extracts and standardizes transaction-level gas cost information from Movement blockchain records
- **Logic**: Retrieves all transactions from Movement blockchain records including block timestamps, transaction hashes, sender addresses, gas used amounts, and gas unit prices. Applies decimal correction to gas unit prices by dividing by 10^8 to normalize the pricing data. Handles special cases for genesis block transactions that have timestamps before January 1, 2000 by reassigning them to December 5, 2024, ensuring proper chronological ordering
- **Key fields**: `block_timestamp` for timing, `hash` as transaction identifier, `sender` for originating address, `gas_used` for gas consumption, `gas_unit_price` for normalized pricing

### Component B: Daily fee aggregation
- **Purpose**: Calculates total transaction fees paid per day in native token amounts
- **Logic**: Groups transactions by day using timestamp truncation to daily boundaries. For each transaction, multiplies `gas_used` by the normalized `gas_unit_price` to determine individual transaction fees. Sums all transaction fees within each day to produce daily fee totals in native Movement tokens
- **Key fields**: `timestamp` truncated to day, `fee_amount` as the sum of individual transaction costs

### Component C: USD conversion
- **Purpose**: Converts daily native token fees to USD values for standardized reporting
- **Logic**: Takes daily fee amounts in Movement native tokens and applies end-of-day price conversion using external price feeds. Uses the convert to USD macro to multiply native token amounts by corresponding USD exchange rates, producing daily fee totals denominated in USD
- **Key fields**: `fees` converted to USD denomination, `timestamp` for price feed alignment

### Component D: Daily transaction counting
- **Purpose**: Determines the number of unique transactions processed each day
- **Logic**: Groups transaction records by day and counts distinct transaction hashes to eliminate any potential duplicates. Produces a daily count of unique transactions executed on the Movement blockchain
- **Key fields**: `timestamp` truncated to day, `transaction_count` as distinct hash count

### Final aggregation
- **Combining components**: Joins daily fee totals in USD with daily transaction counts using timestamp alignment to ensure corresponding data periods
- **Currency conversion**: Fee amounts are already converted to USD in the fee aggregation component using end-of-day price feeds
- **Time aggregation**: Both fee and transaction data are aggregated to daily boundaries using timestamp truncation
- **Final calculation**: Divides total daily fees in USD by daily transaction count using safe division to handle potential zero-transaction days. The result represents the average cost per transaction in USD for each day. Missing data periods are filled with zeros using the configured fill strategy

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

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