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 Token incentives Methodology

## 1. Overview

Token incentives represent the daily amount of DOGE tokens distributed as mining rewards through coinbase transactions on the Dogecoin blockchain. This metric quantifies the economic incentives paid to miners for validating blocks and securing the network. The calculation aggregates all coinbase transaction outputs (mining rewards) on a daily basis and converts them to USD values.

## 2. Data sources

- **Dogecoin blockchain transaction data**: Complete transaction records from the Dogecoin blockchain, including transaction hashes, timestamps, coinbase flags, and output arrays containing value amounts
- **End-of-day price feeds**: Daily DOGE token prices for USD conversion
- **Token metadata**: DOGE token information including symbol and native address designation

## 3. Step-by-step calculation

### Component A: Historical token incentives (pre-2024)
- **Purpose**: Calculates daily mining rewards from Dogecoin coinbase transactions for historical data before January 1, 2024
- **Logic**: Filters Dogecoin transaction records to identify coinbase transactions using the `is_coinbase` flag, then extracts output values from the transaction outputs array using JSON parsing. Each coinbase transaction represents a mining reward where the outputs contain the DOGE amounts distributed to miners. The logic processes transactions with timestamps before 2024-01-01, parses the `value` field from each output using JSON extraction, casts the values to precise numeric format, and aggregates all output values by daily timestamp boundaries
- **Key fields**: `block_timestamp` for daily aggregation, `is_coinbase` flag for identifying mining transactions, `outputs` array containing value amounts, and `output_value` representing individual DOGE reward amounts

### Component B: Recent token incentives (2024+)
- **Purpose**: Calculates daily mining rewards from Dogecoin coinbase transactions for recent data from January 1, 2024 onwards using incremental processing
- **Logic**: Applies the same coinbase transaction identification and output parsing logic as the historical component, but filters for transactions with timestamps from 2024-01-01 onwards. Uses incremental processing to efficiently handle new data by processing only recent transactions based on partition boundaries and lookback periods
- **Key fields**: Same as historical component - `block_timestamp`, `is_coinbase`, `outputs` array, and `output_value`

### Component C: Data combination and standardization
- **Purpose**: Combines historical and recent datasets and applies business metadata structure
- **Logic**: Merges historical and recent token incentives using union operation to create complete time series. Enriches data with required business classification fields including chain identifier (dogecoin), business line (Blockchain), market sector (blockchains_l1), business segment (blockchain), and version (v1). Sets token information with DOGE symbol, contract name, and native address designation
- **Key fields**: `daily_timestamp` for time boundaries, `chain` identifier, `token_symbol` and `contract_name` set to DOGE, `token_address` marked as native, and `token_incentives` containing daily totals

### Final aggregation
- **Combining components**: Historical and recent datasets are combined using union operation to create complete daily time series of mining rewards
- **Currency conversion**: DOGE amounts are converted to USD using end-of-day price feeds through the conversion macro, with decimal correction disabled since DOGE uses standard decimal precision
- **Time aggregation**: Daily boundaries are established through timestamp truncation, ensuring consistent 24-hour periods for reward aggregation
- **Final calculation**: The final metric represents the sum of all coinbase transaction output values per day, converted to USD, representing the total economic incentives distributed to Dogecoin miners for block validation and network security

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

Value of native tokens distributed as incentives.

DogecoinDOGE

Token incentives

Token incentives

Competitive landscape