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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Dogecoin

# Dogecoin Revenue Methodology

## 1. Overview

The Dogecoin revenue metric measures protocol revenue generated by the Dogecoin blockchain. Unlike many blockchain protocols, Dogecoin's transaction fees do not constitute protocol revenue - they are distributed to miners as block rewards. Therefore, this metric consistently returns zero (0) for all time periods, indicating that Dogecoin operates as a decentralized network where transaction fees serve as mining incentives rather than protocol revenue.

The calculation leverages the same fee calculation infrastructure used for other Dogecoin metrics but explicitly sets revenue to zero, reflecting the protocol's design where no fees are retained as protocol revenue.

## 2. Data sources

The calculation uses the following data sources:

- **Dogecoin blockchain transactions**: Raw transaction data from the Dogecoin blockchain including transaction inputs, outputs, timestamps, block information, and coinbase transaction flags
- **End-of-day price feeds**: Token price data for converting native DOGE amounts to USD values for standardized reporting
- **Token metadata**: Decimal precision and token configuration data used in currency conversion processes

## 3. Step-by-step calculation

### Component A: Transaction output indexing
- **Purpose**: Creates a comprehensive lookup table of all transaction outputs that can be referenced by future transaction inputs
- **Logic**: Extracts all outputs from Dogecoin transactions, parsing the nested JSON structure to identify the output index (`n`) and value for each output. Each output is uniquely identified by the combination of transaction hash and output index. The output values represent the amount of DOGE being transferred to specific addresses.
- **Key fields**: `transaction_hash`, `output_index`, `output_value`, `block_timestamp`

### Component B: Fee calculation from UTXO differences  
- **Purpose**: Calculates transaction fees by determining the difference between total inputs consumed and total outputs created for each transaction
- **Logic**: For non-coinbase transactions, joins each transaction input to its corresponding output using the referenced transaction hash and output index. Calculates total input value by summing all referenced output values. Calculates total output value by summing all new outputs created by the transaction. Transaction fees are computed as the difference between total input value and total output value, representing the amount paid to miners for processing the transaction.
- **Key fields**: `transaction_hash`, `total_input_value`, `total_output_value`, `fee_native`, `block_timestamp`

### Component C: Daily fee aggregation and USD conversion
- **Purpose**: Aggregates individual transaction fees to daily totals and converts native DOGE amounts to USD values
- **Logic**: Groups transaction fees by day and sums the native fee amounts. Applies currency conversion using end-of-day price feeds to convert DOGE amounts to USD equivalents. Associates each daily aggregate with appropriate metadata including chain identifier, market sector classification, and business segment categorization.
- **Key fields**: `timestamp`, `chain_id`, `fees_native`, `fees_usd`, `timestamp_grain`

### Final aggregation: Revenue assignment
- **Combining components**: Takes the calculated and USD-converted fee data from the daily aggregation component
- **Revenue logic**: Explicitly sets revenue to zero (0) for all records, regardless of the fee amounts calculated. This reflects Dogecoin's protocol design where transaction fees are distributed to miners as block rewards rather than retained as protocol revenue.
- **Currency conversion**: Maintains USD conversion for consistency with other blockchain metrics, even though the final revenue value is always zero
- **Time aggregation**: Preserves daily timestamp boundaries from the fee calculation while ensuring revenue remains zero across all time periods
- **Final calculation**: Revenue = 0 for all records, indicating no protocol revenue generation from transaction fees

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

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

DogecoinDOGE

Revenue

Revenue

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