# Jupiter Ultra Fees Methodology

## 1. Overview

Fees measures the total value paid by users to use the Jupiter Ultra swap aggregation service. These fees represent the platform-level charges applied to asset swaps executed through the aggregator's routing infrastructure. Fees are collected in the assets being traded and are converted to USD to reflect the total economic value generated by Jupiter Ultra.

## 2. Data sources

- **Blockchain events**: `FeeEvent`, `ExactOutRouteV2`, `RouteV2`, `SharedAccountsExactOutRouteV2`, and `SharedAccountsRouteV2` instructions from the `SwapV6` program on Solana
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Fee event parsing

- **Purpose**: Capture fees explicitly emitted through dedicated fee events.
- **Logic**: `FeeEvent` instructions from the `SwapV6` program are parsed. The fee amount is extracted from the input amount field and associated with the corresponding input asset account. Data is aggregated by asset and timestamp.
- **Key fields**: `in_amount`, `in_mint`, `block_timestamp`

### Component B: Route instruction processing

- **Purpose**: Calculate fees embedded within specific routing instructions for various swap types.
- **Logic**: Instruction data is processed from the `ExactOutRouteV2`, `RouteV2`, `SharedAccountsExactOutRouteV2`, and `SharedAccountsRouteV2` instructions of the `SwapV6` program. For each instruction, the platform fee is calculated by multiplying the specified asset amount (either input or output depending on the instruction type) by the platform fee basis points and dividing by 10,000.
- **Key fields**: `in_amount`, `out_amount`, `source_mint`, `destination_mint`, `platform_fee_bps`

### Component C: Normalization and USD conversion

- **Purpose**: Convert raw on-chain values into normalized USD figures for reporting.
- **Logic**: Collected asset amounts are normalized by their respective decimal precision. These normalized values are then multiplied by the end-of-day price feeds for each asset. The resulting USD values are aggregated into daily totals using UTC day boundaries.
- **Key fields**: `amount`, `token_address`, `price_usd`, `timestamp`

*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.
