Swap Fees

    Q21. 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?

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    Introduction:

    In addition to liquidity mining, Osmosis provides three sources of revenue: transaction fees, swap fees, and exit fees.

    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. Validators can choose which assets to accept for fees in the blocks that they propose. This optionality is a unique feature of Osmosis.

    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.[1]

    Method:

    1-Calculate and show the Total number of swaps from tokens from 2022

    2-Calculate and show the Total number of swaps to tokens from 2022

    3-Show Total gas fee paid when swapping from 10 top tokens

    4-Show Total gas fee paid when swapping to 10 top tokens

    5-Show average gas fee paid swapping from tokens

    6-Show average gas fee paid swapping to tokens

    It is clear that the number of swaps from Osmo to other tokens is very much because it's the native token of Osmosis and after that is Atom

    Most people swapped their tokens to osmo and Atom

    Osmo and Atom have the most gas fee because the number of swapping to or from them is very much

    In this chart, we can see the average gas fee paid to swap from these tokens the highest swap fees belong to WETH,grv and the lowest swap fees belong to the JOE token

    In this chart, we can see the average gas fee paid to swap to these tokens the highest swap fees belong to L1 and the lowest swap fees belong to the JOE token

    Conclusion:

    1-The number of swaps from Osmo to other tokens is very much because it's the native token of Osmosis and after that is Atom and Most people swapped their tokens to Osmo and Atom

    2-Osmo and Atom have the most gass fee because the number of swapping to or from them is very much

    3-the average gas fee paid to swap from these tokens the highest swap fees belong to WETH,grv and the lowest swap fees belong to the JOE token

    4-the average gas fee paid to swap to these tokens the highest swap fees belong to L1 and the lowest swap fees belong to the JOE token

    5-Joe token has the least gas fees on both sides