# Jupiter DCA Fees Methodology

## 1. Overview

Fees measures the total value paid by users to execute automated investment strategies through Jupiter DCA. These fees are collected as users perform recurring token purchases over specified intervals. This metric represents the economic value generated by the dollar-cost averaging functionality within the Jupiter ecosystem. All collected fees are denominated in the respective assets being traded and converted to USD for standardized reporting.

## 2. Data sources

- **Blockchain events**: Native SOL transfers and SPL token transfers on Solana
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Native SOL fee extraction

- **Purpose**: Identify and aggregate fees paid in native SOL for DCA instructions.
- **Logic**: Native SOL transfers are filtered where the recipient account matches the dedicated Jupiter DCA fee account `CpoD6tWAsMDeyvVG2q2rD1JbDY6d4AujnvAn2NdrhZV2`. Transactions where the transaction signer is identical to the recipient account are excluded to prevent the inclusion of internal system movements or self-transfers.
- **Key fields**: `amount`, `to_address`, `transaction_signer`

### Component B: SPL token fee extraction

- **Purpose**: Identify and aggregate fees paid in SPL tokens for DCA instructions.
- **Logic**: SPL token transfers are identified where the owner of the destination account matches the dedicated Jupiter DCA fee account `CpoD6tWAsMDeyvVG2q2rD1JbDY6d4AujnvAn2NdrhZV2`. Similar to native transfers, instructions where the transaction signer matches the destination owner address are filtered out to ensure only genuine user-paid fees are captured.
- **Key fields**: `amount`, `token_address`, `to_owner_address`, `transaction_signer`

### Component C: Normalization and USD conversion

- **Purpose**: Convert various asset fee amounts into a unified USD value.
- **Logic**: Collected fee amounts are normalized by the decimal precision specific to each asset. These values are then multiplied by the corresponding end-of-day price feeds for each asset. The resulting USD values are aggregated to a daily granularity using UTC day boundaries.
- **Key fields**: `block_timestamp`, `token_address`, `amount`, `price_usd`

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

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

Fees

DEX aggregators

Jupiter aggregates liquidity from multiple non-custodial exchanges. Integrators set custom fees. Liquidity providers deposits funds into the perpetual exchange. Both receive fees from traders (supply-side fees).

Jupiter is a non-custodial DEX aggregator and exchange for perpetual contracts built on Solana. Jupiter was founded by an pseudonymous founder meow and launched in 2021.

JUP token holders own and govern the protocol. They currently take a cut of the total perpetual and integrator trading fees paid by traders (revenue). Jupiter's investors include White Hilt Capital, etc.
