Collators aggregate parachain transactions block candidates and producing state transition proofs for validators based on those blocks.

Kilt is digital identity solution powered by Polkadot Relay chain.

KILT holders own and govern the protocol.

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# Kilt Staking market cap Methodology

## 1. Overview

Staking market cap measures the total value of native assets currently staked on Kilt Chain. This metric reflects the economic capital helping to secure the network through the parachain staking mechanism. It represents the aggregate value of assets committed by collators to ensure the integrity and consensus of the blockchain.

## 2. Data sources

- **Blockchain events**: Validator stake records from `parachainStaking` modules on Kilt Chain
- **External data**: End-of-day price feeds for native assets

## 3. Step-by-step calculation

### Component A: Kilt Chain stake extraction

- **Purpose**: To capture the quantity of native assets staked by network validators.
- **Logic**: Staked amounts are extracted from records tracking the total stake per collator within the `parachainStaking` module. Data is attributed to the specific validator identity and the corresponding daily block timestamp.
- **Key fields**: `validator_stake` and `validator_id`

### Component B: Normalization and aggregation

- **Purpose**: To calculate the total network-wide stake in native units.
- **Logic**: Staked amounts are normalized by decimal precision. Individual staked values from all active collators are summed to provide a daily aggregate of the total native stake.
- **Key fields**: `total_validator_stake`

### Component C: USD conversion and finalization

- **Purpose**: To provide a standardized USD valuation and maintain a continuous data series.
- **Logic**: The total daily native stake is multiplied by end-of-day price feeds. A fill-forward strategy is utilized to ensure gaps between data points are accounted for, resulting in a continuous daily representation of the staking market cap.
- **Key fields**: `staking_market_cap` (USD value)

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

Value of native tokens currently staked to secure a proof-of-stake network.

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