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

Dogecoin is a distributed ledger for transfer and store of value (a blockchain). Dogecoin was founded by Billy Markus & Jackson Palmer and launched in 2013.

DOGE 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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Blockchains (L1)

Dogecoin

# Dogecoin Fees Methodology

## 1. Overview

Dogecoin fees represent the total transaction fees paid by users on the Dogecoin blockchain per day, expressed in USD. This metric answers the question: "How much are users collectively paying in fees to use the Dogecoin network each day?" 

The calculation follows the UTXO (Unspent Transaction Output) model used by Bitcoin-like blockchains, where transaction fees are computed as the difference between total input values and total output values for each transaction. These individual transaction fees are then aggregated daily and converted to USD using end-of-day price feeds.

## 2. Data sources

- **Dogecoin blockchain transaction data**: Raw transaction records from the Dogecoin blockchain containing transaction hashes, timestamps, input references, and output amounts
- **UTXO reference data**: Historical transaction outputs that serve as inputs to subsequent transactions, containing output values indexed by transaction hash and output index
- **End-of-day price feeds**: Daily Dogecoin to USD exchange rates for currency conversion
- **Token metadata**: Dogecoin native token properties including decimal precision and token identifiers

## 3. Step-by-step calculation

### Component A: Input value resolution
- **Purpose**: Resolves the value of each transaction input by looking up the corresponding output from previous transactions
- **Logic**: For each transaction input, extracts the referenced transaction hash (`txid`) and output index (`vout`) from the input JSON structure. Joins this reference with historical transaction outputs to retrieve the actual DOGE amount that was previously sent to this input. Sums all resolved input values per transaction to get total input value.
- **Key fields**: `txid` and `vout` from inputs array, `output_value` from historical outputs lookup, `total_input_value` as aggregated sum

### Component B: Output value calculation  
- **Purpose**: Calculates the total value of outputs created by each transaction
- **Logic**: Parses the outputs JSON array for each transaction and extracts the `value` field from each output. Sums all output values within each transaction to determine the total amount being sent to recipients.
- **Key fields**: `value` from outputs array, `total_output_value` as aggregated sum per transaction

### Component C: Transaction fee computation
- **Purpose**: Computes the fee paid for each individual transaction using UTXO model
- **Logic**: Applies the UTXO fee calculation formula by subtracting total output value from total input value for each transaction. Excludes coinbase transactions (block rewards) which have no inputs and therefore no fees. The difference represents the fee that miners collect for processing the transaction.
- **Key fields**: `fee_native` calculated as total input value minus total output value, `transaction_hash` for transaction identification

### Final aggregation
- **Combining components**: All individual transaction fees are summed together grouped by day using timestamp truncation to daily boundaries
- **Currency conversion**: Daily native DOGE fee totals are converted to USD using end-of-day Dogecoin price feeds via the standard Token Terminal currency conversion methodology
- **Time aggregation**: Transaction timestamps are truncated to day level and fees are aggregated using daily boundaries in UTC timezone
- **Final calculation**: The final metric represents the sum of all transaction fees paid on the Dogecoin network for each day, expressed in USD, with gap-filling applied to ensure continuous daily 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).

DogecoinDOGE

Fees

Fees

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