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.

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Livepeer

# Livepeer Supply-side fees Methodology

## 1. Overview

Supply-side fees for Livepeer represent the total fees earned by orchestrators (node operators) for providing video transcoding services in the Livepeer network. This metric captures fees paid through Livepeer's probabilistic micropayment system when winning tickets are redeemed. The calculation aggregates daily fee redemptions across Ethereum and Arbitrum chains, converting all amounts to USD for standardized reporting.

## 2. Data sources

- **Livepeer protocol events**: Parsed `TicketBroker_WinningTicketRedeemed` events from both Ethereum and Arbitrum chains, which are emitted when orchestrators redeem winning probabilistic payment tickets
- **Token data**: Token addresses for wrapped ETH (WETH) on Ethereum (`0xc02aaa39b223fe8d0a0e5c4f27ead9083c756cc2`) and wrapped ETH on Arbitrum (`0x82af49447d8a07e3bd95bd0d56f35241523fbab1`)
- **Price feeds**: End-of-day token price feeds for USD conversion
- **Token metadata**: Decimal precision information for proper amount normalization

## 3. Step-by-step calculation

### Component A: Transcoding fee events extraction
- **Purpose**: Extract raw fee payment events from Livepeer's ticket redemption system across supported chains
- **Logic**: Query `TicketBroker_WinningTicketRedeemed` events from both Ethereum mainnet and Arbitrum. Filter out removed events (failed transactions). Extract the `faceValue` field which represents the face value of the winning ticket being redeemed. Map each event to its respective chain and token address - WETH on Ethereum and wrapped ETH on Arbitrum. Categorize all events as transcoding fees under the infrastructure market sector.
- **Key fields**: `faceValue` (fee amount in wei), `block_timestamp` (event timestamp), `transaction_hash` and `log_index` (event identifiers), `address` (orchestrator address receiving fees)

### Component B: Daily aggregation and USD conversion
- **Purpose**: Aggregate fee events to daily totals and convert to USD for standardized reporting
- **Logic**: Truncate all event timestamps to daily boundaries using day-level granularity. Group events by day, chain, and other dimensional attributes. Convert token amounts from their native precision (18 decimals for wrapped ETH) to standard decimal format. Apply USD conversion using end-of-day price feeds, matching the appropriate wrapped ETH price for each chain.
- **Key fields**: `timestamp` (truncated to day), `chain_id` (Ethereum or Arbitrum), `fees` (daily aggregated fee amount in USD), `token_address` (chain-specific wrapped ETH contract)

### Final aggregation
- **Combining components**: The daily USD-converted fees are processed through a finalization step that ensures consistent schema structure and validates all required identifiers
- **Currency conversion**: All fee amounts are converted from native token units (wei) to USD using end-of-day wrapped ETH prices, with proper decimal correction applied
- **Time aggregation**: Events are aggregated to daily boundaries, with any missing days filled with zero values to maintain continuity
- **Final calculation**: The final supply-side fees metric represents the total USD value of fees earned by Livepeer orchestrators each day through ticket redemptions, filtered by chain availability settings to include only supported networks

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

Portion of fees distributed to service providers or supply-side participants.

LivepeerLPT

Supply-side fees

Supply-side fees

Competitive landscape

Chain breakdown