Introduction

What is Osmosis?

Osmosis is a decentralized peer-to-peer blockchain that people can use to create liquidity and trade IBC enabled tokens. The Osmosis blockchain is made up of free, public, and open-source software.

What are transaction fees?

Gas fees is the transaction fees paid to miners on a blockchain network in order to get a user's transaction to be included in the block. Interestingly, gas fees is not of fixed value but it keeps fluctuating with time due to various reasons.

Methodology

We are looking to see who expensive Osmos fees have been for swapping. Additionally, we are looking to find what tokens cost the most in terms of gas fees. To find this information we will look at the gas fees of each swap transaction.

Swap Fees Metrics

Observations

During 2021 most days there was less than 20 OSMO per day spent on gas, but In may and June in 2021 these total spiked above 100 per day. During 2022 the avergae daily swap fee never went above 0.5% of an OSMO.

Conclusion

The 4 assets that have used the most gas on Osmosis are OSMO, ATOM, USTC, and axiUSDC. All of these assets have between 300 and 1300 OSMO in gas spent on swaps of these assets. Out of the top 15 assets the ones with less volume have higher average fees. During 2022 the average daily swap fee never went above 0.5% of an OSMO.