Video miners (a.k.a orchestrators) perform transcoding work through the protocol and receive fees from users (a.k.a broadcasters) who assign tasks to them in return for an agreed upon fee (supply-side fees).

Livepeer is a video infrastructure protocol built on Ethereum. Livepeer was founded by Doug Petkanics & Eric Tangand and launched in 2017.

LPT holders own and govern the protocol. They do not currently take a cut of the total fees paid by broadcasters (revenue). Livepeer’s investors include Northzone, Digital Currency Group, Collaborative Fund, etc.

governance

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etherscan

website

DePIN

Livepeer

# Livepeer Fees Methodology

## 1. Overview

Livepeer fees represent the total daily revenue generated by the Livepeer network from transcoding services. This metric captures fees paid by broadcasters to orchestrators for video transcoding work, measured as the sum of all successful transcoding fee payments across Ethereum and Arbitrum, converted to USD. The metric answers the business question: "How much revenue is the Livepeer transcoding network generating daily from its core video processing services?"

## 2. Data sources

The calculation relies on the following raw data sources:
- **Blockchain events**: Parsed `WinningTicketRedeemed` events from Livepeer v1 TicketBroker contracts deployed on Ethereum and Arbitrum networks
- **Transaction data**: Ethereum and Arbitrum transaction logs containing successful transcoding fee redemptions
- **External data**: End-of-day token price feeds for WETH (Wrapped Ethereum) used for USD conversion, and token metadata for decimal precision handling

## 3. Step-by-step calculation

### Component A: Transcoding fee extraction
- **Purpose**: Extract all successful transcoding fee payments from Livepeer TicketBroker contracts across supported blockchains
- **Logic**: Parse `WinningTicketRedeemed` events from Livepeer v1 TicketBroker contracts on both Ethereum and Arbitrum. Filter out any removed events to ensure only valid, confirmed transactions are included. Extract the `faceValue` field which contains the fee amount paid for transcoding services. Map each event to its originating chain (Ethereum uses WETH token address `0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2`, Arbitrum uses WETH token address `0x82af49447d8a07e3bd95bd0d56f35241523fbab1`). Classify all fees under the business line 'Transcoding' within the 'infrastructure' market sector.
- **Key fields**: Block timestamp for daily aggregation, transaction hash and log index for uniqueness, contract address as `account_address`, fee amount from `faceValue` field, chain identifier, and token address for the native payment token

### Component B: Currency conversion and decimal correction
- **Purpose**: Convert transcoding fees from native WETH amounts to standardized USD values with proper decimal handling
- **Logic**: Apply the standard Token Terminal currency conversion process using end-of-day token price feeds. Convert WETH amounts to USD using the appropriate exchange rate for each day. Apply decimal correction to ensure amounts are properly scaled according to the token's decimal precision (18 decimals for WETH). This standardizes all fee amounts to comparable USD values regardless of the underlying blockchain or token.
- **Key fields**: Daily USD-converted fee amounts with corrected decimal precision, preserving all original metadata and identifiers

### Final aggregation
- **Combining components**: Sum all USD-converted transcoding fees by day across both Ethereum and Arbitrum networks
- **Currency conversion**: USD conversion occurs at the individual transaction level using end-of-day WETH price feeds before daily aggregation
- **Time aggregation**: Truncate all event timestamps to daily boundaries using `timestamp_trunc` function, ensuring consistent daily grouping regardless of intraday timing
- **Final calculation**: The final daily fees metric equals the sum of all USD-converted `faceValue` amounts from `WinningTicketRedeemed` events within each day. Apply gap filling strategy with zero values for any missing days to ensure continuous time series data. The metric represents the total daily revenue generated by the Livepeer transcoding network from successful fee redemptions.

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

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

LivepeerLPT

Fees

Fees

Competitive landscape

Chain breakdown