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Real-world asset (RWA) issuers

Robinhood

# Robinhood Average transaction fee Methodology

## 1. Overview

Average transaction fee is defined as the average fee paid by users per transaction on Robinhood Chain. The typical cost of network utilization is reflected by this metric. Daily gas fees, converted to USD, are divided by the daily transaction count, whereby the average cost per transaction is determined.

## 2. Data sources

- **Blockchain events**: Transaction records, including gas used and effective gas prices, are parsed from the transactions table on Robinhood Chain
- **External data**: End-of-day price feeds for the native gas asset (WETH) are utilized for USD conversion

## 3. Step-by-step calculation

### Component A: Gas fee calculation

- **Purpose**: Total daily gas fees paid on Robinhood Chain are calculated.
- **Logic**: Gas fees are calculated for each transaction through the multiplication of the gas used and the effective gas price. These transaction-level fees are aggregated daily and normalized by the decimal precision of the gas asset (WETH).
- **Key fields**: `gas_used`, `gas_price`, `block_timestamp`

### Component B: Transaction count aggregation

- **Purpose**: The total number of unique transactions executed daily is counted.
- **Logic**: Unique transactions are counted daily through the aggregation of distinct transaction hashes from the transactions table.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component C: USD conversion

- **Purpose**: Daily gas fees are converted into USD.
- **Logic**: Daily gas fees are multiplied by the end-of-day USD price of the native gas asset (WETH), whereby the total daily fee value in USD is obtained.
- **Key fields**: `timestamp`, `price_usd`

### Component D: Average transaction fee computation

- **Purpose**: The final average transaction fee is calculated.
- **Logic**: Total daily gas fees in USD are divided by the daily transaction count. Safe division is applied to prevent division-by-zero errors.
- **Key fields**: `fees`, `transaction_count`

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

Robinhood

Average transaction fee

Average transaction fee

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