# Jupiter Limit Order Fees Methodology

## 1. Overview

Fees measures the total value paid by users to execute limit orders through the Jupiter Limit Order program. These fees are collected to facilitate the automated execution of trades at specific price targets on the Solana blockchain. Collected fees are captured across both native SOL and SPL assets and are converted to USD to provide a standardized view of the economic value generated by the product.

## 2. Data sources

- **Blockchain events**: Native SOL transfers and SPL token transfers from the Jupiter Limit Order program, covering Solana
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Jupiter Limit Order native SOL fee collection

- **Purpose**: Captures fees paid in native SOL for the execution of limit orders.
- **Logic**: Native SOL transfers are identified where the recipient account matches the designated Jupiter Limit Order fee account (`27ZASRjinQgXKsrijKqb9xyRnH6W5KWgLSDveRghvHqc`). Transfers are filtered to exclude transactions where the transaction signer is identical to the recipient account to ensure self-transfers are not included.
- **Key fields**: `to_address`, `amount`, `transaction_signer`

### Component B: Jupiter Limit Order SPL token fee collection

- **Purpose**: Captures fees paid in SPL assets for the execution of limit orders.
- **Logic**: SPL token transfers are identified where the `owner` of the recipient account matches the Jupiter Limit Order fee account (`27ZASRjinQgXKsrijKqb9xyRnH6W5KWgLSDveRghvHqc`). Similar to native transfers, any events where the transaction signer matches the fee recipient owner are excluded.
- **Key fields**: `to_owner_address`, `token_address`, `amount`, `transaction_signer`

### Component C: USD conversion and final aggregation

- **Purpose**: Normalizes all collected fee amounts into a common currency (USD).
- **Logic**: Daily fee totals are aggregated by asset and chain. Asset amounts are normalized by decimal precision and multiplied by end-of-day price feeds. Values are then summed to calculate the total daily fees for Jupiter Limit Order.

*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.
