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 Supply-side fees Methodology

## 1. Overview

Dogecoin fees supply side represents the total transaction fees paid on the Dogecoin blockchain that accrue to miners (the supply side of the network). This metric answers the question: "How much revenue do Dogecoin miners earn from transaction fees?" The calculation follows UTXO (Unspent Transaction Output) accounting principles, where transaction fees are calculated as the difference between total input values and total output values for each transaction, then aggregated daily and converted to USD.

## 2. Data sources

- **Dogecoin transaction data**: Raw Dogecoin blockchain transaction records containing inputs, outputs, block timestamps, transaction hashes, and coinbase flags
- **End-of-day price feeds**: Daily DOGE/USD price data for currency conversion
- **Token metadata**: Dogecoin token information for decimal precision handling

## 3. Step-by-step calculation

### Component A: Input value lookup table
- **Purpose**: Creates a reference table mapping all transaction outputs to their values for UTXO lookup
- **Logic**: Extracts all outputs from Dogecoin transactions using JSON parsing. Each output contains an index (`n` field) and value. Creates surrogate keys by combining transaction hash with output index. Partitions data monthly for efficient querying and clusters by transaction hash and output index for optimal lookup performance.
- **Key fields**: `transaction_hash`, `output_index` (from `n` JSON field), `output_value` (from `value` JSON field), `block_timestamp`

### Component B: Fee calculation per transaction
- **Purpose**: Calculates the transaction fee for each non-coinbase transaction using UTXO accounting
- **Logic**: Starts with all non-coinbase transactions (coinbase transactions have no fees as they're mining rewards). For each transaction, sums all input values by looking up referenced outputs from the input lookup table using transaction hash and output index joins. Calculates total output values by summing all outputs in the current transaction. Computes fees as the difference between total input values and total output values. This difference represents the fee paid to miners since UTXO systems require inputs to equal or exceed outputs, with any excess becoming the mining fee.
- **Key fields**: `transaction_hash`, `total_input_value`, `total_output_value`, `fee_native`, `block_timestamp`

### Component C: Daily aggregation and USD conversion
- **Purpose**: Aggregates transaction fees to daily totals and converts to USD
- **Logic**: Groups fee calculations by day using timestamp truncation. Sums all native DOGE fees within each day. Applies USD conversion using end-of-day DOGE price feeds. Sets metadata fields including chain identifier as 'dogecoin', token address as 'native', market sector as 'blockchains_l1', and business segment as 'blockchain'. Uses decimal correction and price conversion macros to ensure accurate USD values.
- **Key fields**: `timestamp` (daily), `fees_native`, `fees` (USD converted), `chain_id`, `token_address`

### Final aggregation
- **Combining components**: The supply side metric directly uses the fees calculated in the main fees model, simply renaming the `fees` field to `fees_supply_side` to indicate these fees accrue to miners
- **Currency conversion**: USD conversion occurs using end-of-day DOGE price feeds with proper decimal handling for cryptocurrency precision
- **Time aggregation**: Daily boundaries are established using timestamp truncation to day level, with monthly partitioning for efficient data processing
- **Final calculation**: The final metric value equals the sum of all transaction fees paid on Dogecoin for each day, converted to USD, representing the total revenue earned by miners from transaction processing

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

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

DogecoinDOGE

Supply-side fees

Supply-side fees

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