Validators process transactions and receive validator rewards (supply-side fees).

MultiversX is a smart contract platform for decentralized applications (a blockchain). MultiversX was founded by Beniamin Mincu and launched in 2018.

EGLD tokenholders own and govern the protocol. They currently take a cut of the transaction fees paid and give the cut to smart contract deployers (revenue).

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MultiversX

# MultiversX Supply-side fees Methodology

## 1. Overview

Supply-side fees for Elrond represent the total transaction fees collected by the Elrond blockchain network on a daily basis. This metric measures the revenue generated by the network from users conducting transactions, providing insight into network activity and economic value capture. The calculation aggregates epoch-level transaction fee data from the Elrond blockchain and converts it to USD for standardized reporting.

## 2. Data sources

- **Elrond blockchain scraper data**: Epoch-level transaction fee metrics scraped directly from the Elrond blockchain network, containing daily fee totals and block metadata
- **End-of-day price feeds**: CoinGecko price data for the EGLD token (identifier: elrond-erd-2) used for USD conversion

## 3. Step-by-step calculation

### Component A: Raw transaction fee extraction
- **Purpose**: Extract epoch-level transaction fees from Elrond blockchain scraper data
- **Logic**: Pull transaction fee data from the Elrond metrics scraper, which collects epoch-level blockchain statistics. The scraper data includes `daily_fees` values representing total transaction fees for each epoch period. Set constant values for the Elrond network including token symbol as EGLD, chain identifier as elrond, and CoinGecko identifier as elrond-erd-2. Cast the `daily_fees` field to numeric format as `transaction_fees` for downstream processing.
- **Key fields**: `daily_fees` (raw fee amount), `timestamp` (epoch timestamp), `block_hash` (block identifier), `previousHash` (previous block reference)

### Component B: Daily aggregation
- **Purpose**: Aggregate epoch-level fees to daily totals with business metadata
- **Logic**: Group transaction fees by daily boundaries using timestamp truncation to day level. Sum all `transaction_fees` within each day to get total daily fee amounts. Add business classification metadata including business line as 'Blockchain', market sector as 'blockchains_l1', and business segment as 'blockchain'. Set product ID as null and version as 'v1'. Include dimensional attributes like chain, contract name (EGLD), token symbol (EGLD), and CoinGecko identifier for downstream processing.
- **Key fields**: `daily_timestamp` (truncated to day), `transaction_fees` (summed daily total), business metadata fields

### Component C: USD conversion
- **Purpose**: Convert EGLD-denominated fees to USD values
- **Logic**: Apply the CoinGecko USD conversion macro to transform native EGLD transaction fees into USD amounts. Use end-of-day price data from CoinGecko for the EGLD token (elrond-erd-2) to perform the currency conversion. This ensures all fee values are reported in a standardized USD denomination for cross-chain comparison and analysis.
- **Key fields**: `transaction_fees` (now in USD), all dimensional attributes preserved

### Final aggregation
- **Combining components**: Structure the USD-converted data with proper timestamp grain labeling as 'day' and rename the `transaction_fees` field to `fees_supply_side` to align with Token Terminal's metric naming convention
- **Currency conversion**: USD conversion applied using end-of-day CoinGecko prices for EGLD token during the conversion step
- **Time aggregation**: Daily boundary aggregation from epoch-level source data using day-level timestamp truncation
- **Final calculation**: Apply metric finalization through the supply-side fees macro with fill_zeros strategy to handle missing data points. Include chain availability filtering to ensure data quality and completeness. The final metric represents total daily transaction fees collected by the Elrond network, expressed in USD.

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

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

MultiversXEGLD

Supply-side fees

Supply-side fees

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