Introduction

Transaction fee is important factor influencing decision of users to adopt a blockchain or platform. When it comes to swapping, transaction fee is also main source of platforms' income.

Transaction fee depends on several factors the most important which is the amount of transaction. However, in swapping other factors involved transaction fee such as the depth of liquidity pools and availability of pairs in a pool.

This dashboard focusing on Osmosis examines how transaction fees differ when swap pairs are different.

Method

First, we compute average transaction fees when a token is involved whether as swap from or swap to.

We, then, distinguish between swap from and to in order to examine whether direction influence the transaction fee or not.

Finally, we control the amount of swap by limit the analysis to swap for or by OSMO and limiting the data to amount between 100 and 500 OSMO.

The time stamp is all transactions (swaps) in 2022.

Results

The graph below shows the average transaction fee of swaps when a token is involved regardless of direction.

We can see that FRAX, ibc/4F3B0EC2FE2D370D10C3671A1B7B06D2A964C721470C305CBB846ED60E6CAA20, and USDT have the highest average transaction fee and IRIS, L1 and OSMO the lowest.

When directions are taken into account we see a different trend. Interestingly we can see that direction influences the average swap fee.

The graph below shows swap fees per tokens when the token pairs with OSMO in a swap and the amount of swap valued between 100 and 500 OSMO.

We can see that from swaps are mostly higher than to swaps.

Notable findings

The data shows that in swapping on OSMOSIS:

• pairs influences the transaction fee.

• the amount of swap has impact on the transaction fee.

• the direction of swaps influences the transaction fee.

• swap from OSMO is largely involved lower transaction fees rather swap to OSMO.