Node operators process transactions and receive token incentives. These independently owned high-spec node machines around the world are connected via Internet Computer Protocol (ICP), creating a self-sovereign network not reliant on any cloud services. Advanced cryptography allows any application or service to be run on the network in a decentralized manner via smart contracts.

The Internet Computer is a decentralized cloud blockchain, where apps can be built fully onchain, using AI, or by coding. Try caffeine.ai & icp.ninja.

ICP tokenholders own and govern the protocol. They currently take (burn) all of the total transaction fees paid by users (revenue). ICP Holders can stake their ICP on the Network Nervous System (NNS), an advanced fully on-chain DAO that facilitates liquid democracy. Staking ICP allows users to submit proposals, vote on proposals, and earn rewards for their participation in governance. Internet Computer's investors include Polychain, Scalar Capital, Amino Capital, etc.

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Internet Computer

# Internet Computer Fees Methodology

## 1. Overview

The Internet Computer fees metric measures the total daily fees generated by the Internet Computer network, combining two distinct fee types: ICP tokens burned for Cycles (used for computation) and traditional transaction fees. This metric quantifies the network's fee revenue in USD, providing insight into Internet Computer's economic activity and resource consumption patterns.

## 2. Data sources

- **Internet Computer burn data**: Daily cumulative totals of ICP tokens burned for Cycles, scraped directly from the Internet Computer network via Dfinity scraper
- **Internet Computer transaction fee data**: Daily cumulative totals of transaction fees collected by the network, also scraped from Internet Computer via Dfinity scraper  
- **Token price feeds**: End-of-day ICP token price data from CoinGecko using the `internet-computer` identifier

## 3. Step-by-step calculation

### Component A: ICP burn processing
- **Purpose**: Calculates daily ICP tokens burned for Cycles conversion
- **Logic**: Extracts raw burn data from Internet Computer scraper containing cumulative burn totals. Deduplicates records by keeping the latest entry per day based on insertion timestamp. Converts amounts from 8-decimal ICP format to standard decimal format. Transforms cumulative daily totals into daily increments by subtracting the previous day's cumulative total from the current day's total using lag window functions. Labels these burns as "ICP burned for Cycles" fee type.
- **Key fields**: `daily_timestamp` for date boundaries, `value` containing 8-decimal ICP amounts, `amount` as the processed daily increment

### Component B: Transaction fee processing  
- **Purpose**: Calculates daily transaction fees collected by the network
- **Logic**: Extracts raw transaction fee data from Internet Computer scraper containing cumulative fee totals. Applies identical processing to burn data: deduplication by latest insertion timestamp, decimal conversion from 8-decimal ICP format, and cumulative-to-incremental transformation using lag window functions. Labels these as "Transaction fees" fee type.
- **Key fields**: `daily_timestamp` for date boundaries, `value` containing 8-decimal ICP amounts, `amount` as the processed daily increment

### Final aggregation
- **Combining components**: Union both ICP burns and transaction fees into a single dataset, treating them as separate fee sources for the Internet Computer network
- **Currency conversion**: Convert ICP amounts to USD using end-of-day CoinGecko price feeds for the `internet-computer` token identifier
- **Time aggregation**: Data is aggregated at daily boundaries with timestamp grain set to 'day'
- **Final calculation**: Sum of daily ICP burns (for Cycles) plus daily transaction fees, converted to USD using end-of-day exchange rates, with standard metric validation and gap-filling applied through the finalization process

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

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

Internet ComputerICP

Fees

Fees

Competitive landscape