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 Supply-side fees Methodology

## 1. Overview

Supply-side fees represent the portion of fees that flow to network participants who provide services to the protocol - in Filecoin's case, the storage miners who maintain the network infrastructure. This metric specifically measures miner tips, which are fees paid directly to miners for including messages in blocks. The calculation isolates these supply-side fee flows from the total fee structure and converts them to USD for cross-chain comparability.

## 2. Data sources

- **Filecoin blockchain fee data**: Raw fee data collected from the Filecoin network through a custom blockchain scraper that extracts comprehensive fee information from block data
- **Fee categorization data**: Structured fee type classifications that separate different components of Filecoin's fee structure including base fees, miner tips, penalty fees, and batch processing fees
- **End-of-day price feeds**: CoinGecko price data for the FIL token used for USD conversion of native fee amounts
- **Chain availability configuration**: Token Terminal's data quality filters that ensure metric completeness by excluding periods with incomplete data collection

## 3. Step-by-step calculation

### Component A: Fee categorization and filtering
- **Purpose**: Extract and categorize different types of fees from raw Filecoin blockchain data, focusing specifically on supply-side fee flows
- **Logic**: The raw Filecoin fee data contains multiple fee components including base fees that are burned, penalty fees, batch processing fees, and miner tips. The system categorizes each fee type using a predefined configuration that maps fee columns to descriptive names. For supply-side fees, only `miner_tip` entries are selected, as these represent fees that actually flow to miners rather than being burned or used for other protocol functions. Each fee record includes the daily timestamp, chain identifier, fee type classification, and the fee amount in native FIL tokens.
- **Key fields**: Daily aggregated `fee_amount` values for miner tips, `fee_type` classification set to 'miner_tip', `token_symbol` as 'FIL', and `coingecko_id` for price lookup

### Component B: USD conversion
- **Purpose**: Convert native FIL token amounts to USD values using market price data for cross-chain comparability
- **Logic**: The categorized fee amounts in FIL are converted to USD using Token Terminal's standard conversion methodology. This process looks up end-of-day FIL token prices from CoinGecko price feeds and applies the conversion to the `fees_supply_side` amounts. The conversion maintains the daily timestamp granularity and preserves all metadata fields while adding USD-denominated values.
- **Key fields**: USD-converted `fees_supply_side` amounts, preserved timestamp and chain identifiers, market classification fields

### Component C: Metric standardization  
- **Purpose**: Apply Token Terminal's standard metric schema and data quality validations
- **Logic**: The USD-converted fee data is processed through Token Terminal's metric finalization system. This sets the `timestamp_grain` to 'day' for daily aggregation boundaries, assigns `market_sector_id` as 'blockchains_l1' and `business_segment_id` as 'blockchain' for proper categorization. The system validates all identifier fields, ensures no data gaps exist by filling missing periods with zero values, and applies chain availability filters to exclude periods where data collection was incomplete or unavailable.
- **Key fields**: Standardized `timestamp` with daily granularity, validated `chain_id` set to 'filecoin', finalized `fees_supply_side` in USD

### Final aggregation
- **Combining components**: The three processing stages are combined sequentially - fee categorization feeds into USD conversion, which feeds into metric standardization
- **Currency conversion**: Native FIL fee amounts are converted to USD using end-of-day CoinGecko price feeds for the FIL token, applied at the daily aggregation level
- **Time aggregation**: Fee data is aggregated to daily boundaries using the block timestamp, with the `timestamp_grain` set to 'day' for consistency with Token Terminal's standard metric schema  
- **Final calculation**: The final metric value represents the total USD value of miner tips paid on the Filecoin network each day, representing the fees that flow to supply-side participants (miners) rather than being burned or used for other protocol functions

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

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

FilecoinFIL

Supply-side fees

Supply-side fees

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