Circle

The share of fees distributed to service providers on Circle is measured by supply-side fees. This metric is calculated exclusively for the Arc chain, specifically covering the Arc gas fees and StableFX products. Other fee-generating products, such as USD Coin reserve interest and CCTP V2, are excluded from this metric as no fees are distributed to external supply-side participants. For Arc gas fees, all transaction fees are distributed to validators as block rewards. For StableFX, no fees are distributed to supply-side participants because liquidity providers are not utilized by the product.Learn more