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Infrastructure

Aethir

# Aethir Revenue Methodology

## 1. Overview

Aethir revenue represents the total daily USD value of service fees collected by the Aethir protocol on the Arbitrum blockchain. Aethir operates as a decentralized infrastructure platform, and the revenue metric captures all `DepositServiceFee` events emitted by the protocol's core smart contract. This metric answers the business question: "How much revenue does Aethir generate daily from service fees?" The calculation aggregates fee amounts from blockchain events, converts them to USD, and presents them as a daily time series.

## 2. Data sources

- **Blockchain events**: Parsed Aethir `DepositServiceFee` events from the AethirCore smart contract on Arbitrum blockchain
- **Transaction data**: Arbitrum transaction records containing event logs with fee amounts
- **External data**: End-of-day price feeds for USD conversion and token metadata for decimal corrections
- **Data types**: Smart contract event logs, daily token price feeds, and ERC-20 token metadata

## 3. Step-by-step calculation

### Component A: Raw fee extraction
- **Purpose**: Extract and structure raw service fee events from Aethir's smart contract
- **Logic**: Query all `DepositServiceFee` events emitted by the AethirCore contract at address `0xc87b37a581ec3257b734886d9d3a581f5a9d056c` on Arbitrum. Each event contains fee amount data in the `amount` field. Events are deduplicated using `transaction_hash` and `log_index` to ensure each fee payment is counted only once. All fees are classified under the 'Infrastructure' business line and 'infrastructure' market sector, reflecting Aethir's role as a decentralized infrastructure provider.
- **Key fields**: `block_timestamp` for timing, `transaction_hash` and `log_index` for deduplication, `address` as the account paying fees, `amount` as the raw fee value in token units

### Component B: Daily aggregation and USD conversion
- **Purpose**: Convert raw token amounts to USD and aggregate by day
- **Logic**: Group fee events by day using timestamp truncation to daily boundaries. Sum all fee amounts for each day to get total daily fees in native token units. Apply decimal correction based on token metadata to convert from raw blockchain units to human-readable token amounts. Convert token amounts to USD using end-of-day price feeds, matching the date of each fee transaction to the corresponding daily price.
- **Key fields**: `timestamp` truncated to day level, `chain_id` set to 'arbitrum', `token_address` for the fee token, `fees` as the USD-converted daily total

### Component C: Revenue classification
- **Purpose**: Transform fees data into revenue metric format
- **Logic**: Take the processed daily fees data and rename the `fees` field to `revenue`, since service fees represent Aethir's revenue stream. Maintain all other fields including timestamps, chain identification, and USD amounts. Apply the standard finalize_metric macro to ensure proper data quality, schema validation, and gap-filling.
- **Key fields**: `revenue` (renamed from `fees`), `timestamp`, `timestamp_grain` set to 'day', `chain_id`, `product_id` set to 'aethir'

### Final aggregation
- **Combining components**: The metric flows sequentially from raw events through fee aggregation to revenue classification, with each component building on the previous one rather than being combined
- **Currency conversion**: USD conversion uses end-of-day price feeds matched to the date of each transaction, with decimal correction applied to handle raw blockchain token units
- **Time aggregation**: Daily boundaries are enforced using timestamp truncation, ensuring all events within a 24-hour period are grouped together
- **Final calculation**: The final revenue value represents the sum of all USD-converted service fees collected by Aethir on each day, with any missing days filled with zero values to maintain a complete time series

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

AethirATH

Revenue

Revenue

Competitive landscape

Chain breakdown