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.

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Fragment

# Fragment Fees Methodology

## 1. Overview

Fees measures the total value paid by users to purchase usernames, anonymous numbers, and other utility assets on Fragment. The economic activity and demand for digital assets and premium services within the Telegram ecosystem are reflected by this metric. By aggregating incoming payments to designated platform wallets, the total utility and revenue-generating capacity of the platform are quantified. These fees are collected in the network's native asset and converted to USD to provide a standardized measure of economic value.

## 2. Data sources

- **Blockchain events**: Inbound message transactions from TON blockchain messages, covering The Open Network (TON)
- **External data**: End-of-day price feeds for the native network asset (TON)

## 3. Step-by-step calculation

### Component A: Payment transaction filtering

- **Purpose**: Identify and isolate inbound payment transactions sent to Fragment
- **Logic**: Inbound message transactions on the TON blockchain are filtered to identify payments. Transactions are included if the destination address matches one of the designated Fragment payment wallets and the source address is not classified as an internal wallet. Bounced transactions, transactions with a value of zero or less, and transactions originating from internal platform wallets are excluded from the dataset.
- **Key fields**: `destination` (recipient wallet address), `source` (sender wallet address), `value` (transaction amount), `direction` (message direction), `bounced` (transaction status)

### Component B: Fee aggregation and normalization

- **Purpose**: Aggregate the identified payment amounts and normalize them to the native asset denomination
- **Logic**: The transaction values for all successful payment flows are aggregated on a daily basis. The aggregated sum is normalized by decimal precision to convert the values into the native network asset (TON).
- **Key fields**: `value` (raw transaction value), `flow` (transaction classification)

### Component C: USD conversion and finalization

- **Purpose**: Convert the aggregated native fees into USD and apply final formatting
- **Logic**: The daily aggregated fees in the native asset are multiplied by the end-of-day price feeds for the native network asset to calculate the USD-denominated fees. The final dataset is structured to ensure daily continuity, with missing days filled with zero values to maintain a complete time series.
- **Key fields**: `fees` (normalized fee amount), `price_usd` (end-of-day asset price)

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

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

Fragment

Fees

Fees

Competitive landscape