Users connect a TON wallet and Telegram account to buy Telegram Stars, Premium and Ads, to trade collectible usernames and numbers in auctions and sales, and to withdraw creator rewards. Payments settle in TON.

Fragment is a free platform which facilitates the transaction of collectibles between users and the purchase of services from third parties, such as Telegram Premium and Telegram Ads. It supports direct sales and public auctions.

Fragment is a platform for Telegram users, content creators, bot developers and advertisers, built on the TON blockchain.

website

Social

Fragment

# Fragment Earnings Methodology

## 1. Overview

Earnings measures the net value Fragment retains after subtracting all expenses from its revenue. For Fragment, revenue is represented by TON payments received for usernames, anonymous numbers, and other premium features, while expenses are represented by creator rewards and payouts distributed to channels and bots. On-chain profitability of the platform is reflected by this metric, though total business activity may be understated as off-chain transactions are not captured.

## 2. Data sources

- **Blockchain events**: Inbound message transfers on the TON blockchain, covering TON
- **External data**: End-of-day price feeds for TON

## 3. Step-by-step calculation

### Component A: Revenue extraction

- **Purpose**: Capture TON payments received by Fragment for platform services.
- **Logic**: Inbound, non-bounced message transfers with a value greater than zero are filtered. Messages are included where the destination address matches designated Fragment payment wallets and the source address is not an internal wallet. The transfer values are aggregated daily.

### Component B: Expense extraction

- **Purpose**: Capture creator rewards and payouts distributed by Fragment.
- **Logic**: Inbound, non-bounced message transfers with a value greater than zero are filtered. Messages are included where the source address matches designated payout wallets, the destination address is not an internal wallet, and the message comment begins with "Reward from Telegram". The transfer values are aggregated daily.

### Component C: USD conversion and normalization

- **Purpose**: Normalize transfer values and convert them to USD.
- **Logic**: Aggregated nanoton values for both payments (revenue) and payouts (expenses) are normalized by decimal precision to obtain TON amounts. These amounts are then multiplied by the end-of-day price of TON to determine the USD-denominated revenue and expenses.

### Component D: Earnings calculation

- **Purpose**: Calculate the net on-chain earnings of the platform.
- **Logic**: Expenses are subtracted from revenue for each daily interval. If expenses exceed revenue, negative earnings are recorded. The final values are zero-filled for days with missing data.

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

Net profit (also profits, net income, profitability) — revenue remaining after subtracting expenses.

Fragment

Earnings

Earnings

Competitive landscape