Try Quests to earn cryptoIn this analysis, You will read about Swap fees on Osmosis. We want to know Do fees on Osmosis differ when users swap to or from different tokens? On average, which tokens have the highest and lowest swap fees on Osmosis?
- All amounts are in USD and the analysis date is from January 1st, 2022.
- Transaction fees
are paid by any user to post a transaction on the chain. The fee amount is determined by the computation and storage costs of the transaction. Minimum gas costs are determined by the proposer of a block in which the transaction is included. This transaction fee is distributed to OSMO stakers on the network.
- Swap fees
are fees charged for making a swap in an LP pool. The fee is paid by the trader in the form of the input asset. Pool creators specify the swap fee when establishing the pool. The total fee for a particular trade is calculated as percentage of swap size. Fees are added to the pool, effectively resulting in pro-rata distribution to LPs proportional to their share of the total pool.
- Exit Fees
Osmosis LPs pay a small fee when withdrawing from the pool. Similar to swap fees, exit fees per pool are set by the pool creator.
According to the previous explanation, We are looking for Swap Fees for this analysis. We don't have an exact table for Swap fees. So I should calculate them.
- I used the Fact Swap table and extract From currency, From the amount To currency, and to amount.
- I joined my finding to the DIM label table to find token names.
- Then I used price table to find their daily price.
-
- Swap fees calculation: From Token amounts * price/ To Token amounts * price
The below chart shows the total daily swap fees paid by users per token.
- OSMO and ATOM have the highest amount of fees that are paid by users. It is normal because the total number of transactions is higher than the others.
- The highest amount of Fees were paid on May 12th and May 13th.
- Users paid around 100K US dollars for OSMO swaps.
- OSMO with 40% of total swap fees volume is in the first place.
- The second one is ATOM with 24% of total swap fees volume.
- The third one is Juno with 6%.
- 14% of total swap fees paid for other tokens.
The below chart shows the average daily fees paid by users for a token.
- Most tokens have an average fee of around 1$.
- Osmo and Atom were around 1$ too. Some days upper and some days below.
- The highest average daily fees paid for LUM. On January 15th, Users paid around 9$ for LUM,
The below animation chart shows the cumulative daily swap fees that were paid by users for a token.
- You can see how the top 10 tokens changed since January.
- The highest average fees paid for OSMO -> GRAV swaps.
The lowest average fee paid for HOPE-> OSMO swaps which was less than 0.000001$.
Let's examine the average daily swap fees that were paid by users in Pairs.
- Most pairs have around 1$ swap fees.
- ATOM -> Stars and OSMO -> Stars had the highest average daily fees which happened on January 17th.
- OSMO -> OSMO with 22% of total swap fees that were paid by users is in the first place.
- OSMO -> ATOM with 15% is in the second place.
- The third place is ATOM -> OSMO with 11% of total fees.
With the highest number of transactions, users paid swap fees most for OSMO and ATOM. The average daily fee is around 1$. Some tokens like Stars and LUM have the highest average in the daily chart. OSMO -> OSMO , ATOM -> OSMO and OSMO -> ATOM generated the most swap fees. The average daily swap fees on pairs were around 1$.
Written By Hess
where
discord_id: hess#0890
and
twitter_id: hessaminanloo