Liquidity providers deposit funds into Osmosis and receive trading fees from traders (supply-side fees).

Osmosis is a non-custodial exchange protocol built on Cosmos ecosystem. Osmosis was launched in June 2021.

OSMO token holders own and govern the protocol. They currently do not take a cut of the total trading fees paid by traders (revenue).

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Osmosis

# Osmosis Fees Methodology

## 1. Overview

The Osmosis fees metric measures the total daily fees collected by the Osmosis decentralized exchange (DEX). This metric tracks fee revenue generated from trading activities on the Osmosis automated market maker (AMM) protocol, providing insight into the platform's transaction volume and revenue generation.

## 2. Data sources

The calculation relies on:
- **Scraped fee data**: Raw fee collection records from the Osmosis blockchain obtained through external scraping systems
- **Fee expenditure records**: Data capturing actual fees spent or collected on the Osmosis network

## 3. Step-by-step calculation

### Component A: Fee data extraction and standardization
- **Purpose**: Extracts and standardizes raw Osmosis fee data for metric calculation
- **Logic**: Raw fee data is sourced from scraped Osmosis blockchain records. The system applies business categorization by classifying all fees under the "Exchange AMM" business line, "exchanges" market sector, and "dex" business segment. The `fees_spent` field is cast to a high-precision numeric type to handle large fee amounts accurately. Records are deduplicated using distinct selection to ensure each fee event is counted only once.
- **Key fields**: `timestamp` for daily aggregation boundaries, `fees_spent` as the core fee amount, business classification fields for categorization

### Component B: Metric finalization and validation  
- **Purpose**: Applies standardized metric processing, validation, and gap filling
- **Logic**: The finalized metric processing applies schema validation to ensure data consistency and implements a "fill zeros" strategy for any missing daily records. This ensures the time series has no gaps and assigns zero values for days with no fee activity. A version identifier ("v1") is assigned for metric versioning, and product identification is set to null as fees are aggregated across all Osmosis products.
- **Key fields**: `amount` as the final fee value, `timestamp_grain` set to daily aggregation, `chain` identifier, business segment classifications

### Final aggregation
- **Combining components**: Fee data flows directly from the extraction layer through the finalization process without additional joins or combinations
- **Currency conversion**: No currency conversion is applied as fees are reported in their native denomination
- **Time aggregation**: Data is aggregated and reported on daily boundaries, with the timestamp grain explicitly set to "day"
- **Final calculation**: The final metric value represents the total daily fees collected by Osmosis, with a hardcoded filter limiting results to dates up to June 20, 2024. Missing days are filled with zero values to maintain time series continuity.

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

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

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