Infrastructure

bloXroute

# bloXroute Fees Methodology

## 1. Overview

BloxRoute fees represents the total daily fees collected by BloxRoute's services on the Solana blockchain. This metric captures revenue generated by BloxRoute through their blockchain infrastructure services by tracking native SOL transfers to their designated fee collection addresses. The calculation aggregates all fee payments made to BloxRoute's fee collection address, converts the amounts to USD, and presents them as daily totals.

## 2. Data sources

- **Solana native transfers**: Native SOL token transfers on the Solana blockchain, capturing all transactions where SOL is moved between addresses
- **End-of-day token price feeds**: Daily closing prices for SOL and other tokens to enable USD conversion
- **Token metadata**: Information about token addresses, decimals, and symbols, including the native SOL token address

## 3. Step-by-step calculation

### Component A: Raw fee extraction
- **Purpose**: Identifies and extracts all fee payments made to BloxRoute's fee collection addresses
- **Logic**: Filters Solana native token transfers to include only those where the recipient address is BloxRoute's fee collection address (`HWEoBxYs7ssKuudEjzjmpfJVX7Dvi7wescFsVx2L5yoY`). Excludes transfers where the transaction signer is the fee collection address itself to avoid counting internal transfers or refunds. Each transfer record includes the transaction timestamp, transaction ID, signer address, and transfer amount in lamports.
- **Key fields**: `block_timestamp` for timing, `transaction_id` for unique identification, `transaction_signer` for the fee payer, `to_address` for the recipient (BloxRoute's address), `amount` in lamports (Solana's smallest unit)

### Component B: Amount normalization and daily aggregation
- **Purpose**: Converts lamport amounts to SOL and aggregates fees by day
- **Logic**: Converts transfer amounts from lamports to SOL by dividing by 1 billion (1e9), since 1 SOL equals 1 billion lamports. Groups all transfers by day using timestamp truncation, chain identifier (Solana), product ID, and token address (native SOL). Sums the normalized amounts within each group to get total daily fee collection per token.
- **Key fields**: `timestamp` truncated to day boundaries, `chain` set to Solana, `token_address` for native SOL, `amount` converted from lamports to SOL units

### Component C: USD conversion
- **Purpose**: Converts SOL amounts to USD values using market prices
- **Logic**: Applies end-of-day price conversion to transform SOL amounts into USD equivalents. Uses the standard USD conversion process that matches timestamps between fee data and price feed data to apply the appropriate exchange rate for each day.
- **Key fields**: `fees` amount converted from SOL to USD using daily closing prices

### Final aggregation
- **Combining components**: The daily SOL fee amounts are converted to USD and then processed through finalization logic
- **Currency conversion**: Uses end-of-day SOL/USD exchange rates to convert native token amounts to USD values
- **Time aggregation**: Data is aggregated at daily boundaries using timestamp truncation to day level
- **Final calculation**: The metric represents the sum of all USD-converted fee payments made to BloxRoute's fee collection addresses each day, with any missing days filled with zero values to maintain a continuous time series

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

Total value users pay to use a protocol (gross fees, user-paid fees).

bloXroute

Fees

Fees

Competitive landscape

Chain breakdown