Validators process transactions, store information, and receive fees from users (supply-side fees).

Filecoin is a smart contract platform and a data storage network (a blockchain). Filecoin was founded by Juan Benet and launched in 2014.

FIL holders own and govern the protocol. They currently take a cut of the total base fees, miner tips and overestimation fees paid by users and a cut of provecommit batch fees, precommit batch fees and penalty fees paid by miners (revenue). Filecoin’s investors include IOSG Ventures, Winkelvoss Capital, a16z, etc.

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Filecoin

# Filecoin Fees Methodology

## 1. Overview

Filecoin fees represent the total daily fees collected across the Filecoin blockchain, measured in USD. This metric captures all fee types generated by Filecoin's proof-of-spacetime consensus mechanism and storage market operations, including network fees, penalties, and miner rewards. The calculation aggregates six distinct fee components from Filecoin's blockchain operations and converts them to USD using end-of-day price feeds.

## 2. Data sources

The calculation relies on these underlying data sources:
- **Filecoin blockchain data**: Custom scraped daily fee data from the Filecoin network containing all fee components generated by blockchain operations
- **External price feeds**: End-of-day price feeds from CoinGecko for FIL token USD conversion
- **Chain availability data**: Configuration data defining valid operational periods for the Filecoin network

## 3. Step-by-step calculation

### Component A: Raw fee extraction
- **Purpose**: Extract and categorize all fee types from Filecoin blockchain operations
- **Logic**: The system processes six distinct fee categories from scraped Filecoin blockchain data. Each fee type represents a different aspect of network operations: `base_fee_burn` covers network base fees that are burned, `overestimation_burn` captures fees burned due to gas overestimation, `precommit_batch_fee_burn` represents fees from precommitment batch operations, `provecommit_batch_fee_burn` covers proof commitment batch fees, `penalty_fee_burn` includes network penalties, and `miner_tip` represents rewards paid to miners. Each fee type is extracted as a separate record with descriptive labels and associated with Filecoin chain metadata.
- **Key fields**: Daily `timestamp`, `chain` identifier set to filecoin, `fee_type` categorizing each fee component, `token_symbol` set to FIL, `coingecko_id` for price lookup, and `fee_amount` containing the native FIL amount

### Component B: USD conversion and standardization  
- **Purpose**: Convert native FIL amounts to USD and apply consistent schema formatting
- **Logic**: Native FIL fee amounts are converted to USD using end-of-day price feeds from CoinGecko. The conversion process matches daily timestamps with corresponding FIL/USD exchange rates. The data is then standardized with consistent metadata including `market_sector_id` set to blockchains_l1, `business_segment_id` set to blockchain, and `timestamp_grain` set to day. A zero-fill strategy is applied to ensure no gaps exist in the daily time series.
- **Key fields**: USD-converted `fees` amounts, standardized `timestamp` with daily grain, `chain_id` for network identification, and sector/segment classifications

### Final aggregation
- **Combining components**: All six fee types are maintained as separate records rather than aggregated, preserving granular visibility into different fee categories while ensuring consistent schema across all records
- **Currency conversion**: FIL amounts are converted to USD using end-of-day CoinGecko price feeds matched by daily timestamp
- **Time aggregation**: Data is aggregated to daily boundaries based on Filecoin block timestamps, with each day containing up to six fee type records
- **Final calculation**: The final metric represents the sum of all daily fees across the six categories, expressed in USD, with chain availability filters applied to ensure only valid operational periods are included in the dataset

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

Total value users pay to use a protocol (gross fees, user-paid fees).

FilecoinFIL

Fees

Fees

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