Definition. The total amount of fees (USD) paid in transactions related to on-chain exchange activity, segmented by counterparty role:

• Deposits: transactions that include an exchange address as the receiver of funds.
• Withdrawals: transactions that include an exchange address as the sender of funds.
• In-House: transactions that include addresses of a single exchange as both the sender and receiver of funds.
• Inter-Exchange: transactions that include addresses of (distinct) exchanges as both the sender and receiver of funds.

Technical. When a transaction can be categorized into multiple of these categories, for example a transaction that sends funds externally as well as in-house, the fees are split according to the volume transferred. Exchange metrics are based on Glassnode's continually updated set of labeled exchange addresses, together with statistical and data-science methods that are refined over time. The series is therefore mutable: its established history is stable, but recent data points may revise as labels update. For methodology and limitations, see our article on exchange metrics and Exchange Data Transparency Notice.

This is the Point-in-Time (PiT) variant of Exchange Fees (Total). PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.