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

Uniswap is a non-custodial exchange protocol built on Ethereum. Uniswap was founded by Hayden Adams and launched in 2018.

UNI tokenholders own and govern the protocol. They do not currently take a cut of the total trading fees paid by traders (revenue). Uniswap's investors include Paradigm, a16z, USV, etc.

governance

github

twitter

discord

etherscan

website

Exchanges (DEX)

Uniswap

# Uniswap Average transaction fee Methodology

## 1. Overview

The average transaction fee is calculated to measure the average fee paid by users per transaction on Unichain. The typical cost of using the network is reflected by this metric. The metric is derived by dividing the total transaction fees (gas fees) collected on Unichain by the total number of transactions processed on the network over a given period. All values are denominated in USD.

## 2. Data sources

- **Blockchain events**: Transaction-level data including gas usage, gas prices, and L1 fee parameters from Unichain transactions, covering Unichain
- **External data**: End-of-day price feeds for the native asset (ETH)

## 3. Step-by-step calculation

### Component A: Unichain transaction fee calculation

- **Purpose**: Calculate the total gas fees paid for each transaction on Unichain
- **Logic**: Gas fees are calculated for each transaction on Unichain by summing the L1 and L2 gas fee components. The L2 gas fee is calculated by multiplying the gas used by the gas price and normalizing the amount by decimal precision. The L1 gas fee is calculated by multiplying the L1 gas used, L1 gas price, and L1 fee scalar, then normalizing the amount by decimal precision. These fee components are denominated in the native asset (ETH).
- **Key fields**: `gas_used`, `gas_price`, `l1_gas_used`, `l1_gas_price`, `l1_fee_scalar`

### Component B: USD conversion and fee aggregation

- **Purpose**: Convert transaction fees to USD and aggregate them daily
- **Logic**: Transaction fees are converted to USD by multiplying the native asset fee amounts by the end-of-day price of Ether (ETH). The USD-denominated fees are then aggregated on a daily basis to determine the total fees collected on Unichain.
- **Key fields**: `fees`, `price_usd`, `timestamp`

### Component C: Transaction count aggregation

- **Purpose**: Calculate the total number of transactions processed on Unichain daily
- **Logic**: Transactions are aggregated daily by counting the distinct transaction hashes recorded on Unichain.
- **Key fields**: `transaction_hash`, `timestamp`

### Component D: Average transaction fee calculation

- **Purpose**: Calculate the final average transaction fee
- **Logic**: The average transaction fee is calculated by dividing the total daily USD-denominated transaction fees by the total daily transaction count. Daily granularity is maintained with UTC day boundaries.
- **Key fields**: `fees`, `transaction_count`

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

UniswapUNI

Average transaction fee

Average transaction fee

Competitive landscape

Chain breakdown