Validators process transactions and receive fees from users (supply-side fees).

Conflux is a smart contract platform for decentralized applications (a blockchain). Conflux was founded by David Chow, Fan Long, Ming Wu, and YuanJie Zhang and launched in 2020. Note that this dashboard only includes Conflux Core Space.

CFX holders own and govern the protocol. They currently do not take a cut of the total transaction fees paid by users (revenue).

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Conflux Core Space

# Conflux Core Space Supply-side fees Methodology

## 1. Overview

The Conflux fees supply side metric measures the total daily fees paid by users on the Conflux blockchain, representing the supply side revenue of the network. This metric captures the economic value flowing to block producers and validators who secure and operate the Conflux network. The calculation aggregates all transaction fees paid in CFX tokens on a daily basis and converts them to USD for standardized reporting.

## 2. Data sources

The calculation relies on these underlying raw data sources:
- **Conflux blockchain transaction records**: Raw transaction data from the Conflux network containing transaction details, fees, sender addresses, and success status
- **End-of-day price feeds**: CoinGecko price data for the CFX token used to convert native token fees to USD values

## 3. Step-by-step calculation

### Component A: Transaction data extraction
- **Purpose**: Extract and standardize Conflux transaction data with fee information
- **Logic**: The system processes raw Conflux blockchain transactions, filtering for relevant fields including transaction timestamp, hash, sender address, success status, and fee amount. Fee amounts are cast to high-precision numeric format to ensure accurate calculations. Each transaction is tagged with chain identifier, token symbol (CFX), and CoinGecko identifier for the Conflux token
- **Key fields**: `block_timestamp` for timing, `transaction_hash` for uniqueness, `fee_amount` for the CFX fee paid, `from_address` for the fee payer, and `is_successful` for transaction status

### Component B: Daily fee aggregation
- **Purpose**: Aggregate transaction fees on a daily basis and prepare for USD conversion
- **Logic**: Transaction timestamps are truncated to daily boundaries to group transactions by day. All fee amounts within each day are summed to calculate total daily fees paid in CFX tokens. The data is structured with metadata including chain ID, market sector (blockchains_l1), business segment (blockchain), and CoinGecko token identifier for price lookups
- **Key fields**: `daily_timestamp` for the day boundary, `fees` for the total CFX amount, `chain_id` for Conflux identification, and `coingecko_id` for price conversion

### Component C: USD conversion
- **Purpose**: Convert daily CFX fee totals to USD values using market prices
- **Logic**: The system uses CoinGecko price feeds to convert daily CFX fee amounts to USD. This conversion uses end-of-day prices that correspond to each daily timestamp, ensuring consistent valuation methodology across all time periods
- **Key fields**: `fees` converted from CFX amounts to USD values while preserving the daily timestamp and metadata

### Final aggregation
- **Combining components**: The USD-converted daily fees are processed through a standardization macro that ensures proper schema compliance, validates chain and market identifiers, and applies gap-filling logic
- **Currency conversion**: CFX token fees are converted to USD using CoinGecko price feeds with daily price points
- **Time aggregation**: Data is aggregated and reported on daily boundaries using timestamp truncation to the day level
- **Final calculation**: The final metric represents the total USD value of all transaction fees paid on the Conflux network each day, with the fees renamed as `fees_supply_side` to indicate this represents the revenue flowing to network operators and validators. The calculation includes gap filling with zero values for days with no transaction activity and applies chain availability filtering to ensure data completeness.

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

Portion of fees distributed to service providers or supply-side participants.

Conflux Core SpaceCFX

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Supply-side fees

Supply-side fees

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