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Blockchains (L1)

Movement

# Movement Median transaction fee Methodology

## 1. Overview

The Movement transaction fee median metric calculates the daily median transaction fee paid on the Movement blockchain. This metric provides insight into the typical cost of executing transactions on the Movement network, helping users understand fee patterns and network usage costs. The calculation processes all Movement blockchain transactions, computes individual transaction fees, and determines the median fee amount for each day in USD.

## 2. Data sources

- **Movement blockchain transactions**: Complete transaction records from the Movement blockchain including gas usage data, gas unit prices, transaction timestamps, senders, and transaction hashes
- **End-of-day token price feeds**: Price data for the Movement native token to enable USD conversion of transaction fees
- **Token metadata**: Movement native token information including decimal precision and token identification details

## 3. Step-by-step calculation

### Component A: Transaction data preparation
- **Purpose**: Extract and standardize Movement blockchain transaction data for fee calculations
- **Logic**: Retrieves all Movement blockchain transactions with their associated gas metrics. Applies decimal correction to the `gas_unit_price` field by dividing by 10^8 to convert from the blockchain's native unit representation. Handles special genesis block transactions by using timestamp-based filtering, with transactions before 2000-01-01 being assigned a hardcoded timestamp of December 5th, 2024, while normal transactions use their actual `block_timestamp`
- **Key fields**: `block_timestamp` for daily grouping, `gas_used` for quantity of gas consumed, `gas_unit_price` (corrected) for the price per unit of gas

### Component B: Fee calculation and median computation
- **Purpose**: Calculate individual transaction fees and compute daily medians
- **Logic**: Multiplies `gas_used` by the corrected `gas_unit_price` to determine each transaction's fee amount, with null safety defaulting missing values to 0. Groups all transactions by day using timestamp truncation to daily boundaries. Computes the median fee for each day using approximate quantiles algorithm with 100 buckets, taking the 50th percentile value as the median
- **Key fields**: `fee_amount` calculated as the product of gas metrics, `timestamp` truncated to day level for grouping, `transaction_fee_median` as the 50th percentile value

### Final aggregation
- **Combining components**: The daily median values flow directly from the intermediate calculation without additional aggregation
- **Currency conversion**: Native Movement token fee amounts are converted to USD using end-of-day price feeds through the standard conversion macro
- **Time aggregation**: Data is aggregated at daily boundaries with timestamp truncation ensuring consistent day-level grouping
- **Final calculation**: The final metric represents the median transaction fee in USD for each day, with zero-filling applied to ensure continuous daily coverage where no transaction data exists. Chain availability filtering is applied to respect data availability windows for the Movement blockchain

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

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