Infrastructure

Maestro

# Maestro Fees Methodology

## 1. Overview

The Maestro fees metric measures the total fees collected by the Maestro protocol on Solana. Maestro appears to be a Solana-based protocol that collects fees in the form of native SOL transfers to specific fee recipient addresses. The metric captures all SOL transferred to designated Maestro fee collection addresses, converts these amounts to USD, and aggregates them by day. This metric answers the business question: "How much fee revenue is the Maestro protocol generating daily in USD terms?"

## 2. Data sources

- **Solana native transfers**: Records of all native SOL token transfers on the Solana blockchain, specifically transfers directed to designated fee recipient addresses
- **End-of-day price feeds**: Daily closing prices for SOL token to enable USD conversion of fee amounts
- **Token metadata**: Information about SOL token properties including decimal places and contract addresses for proper data processing

## 3. Step-by-step calculation

### Component A: Raw fee extraction
- **Purpose**: Identify and extract all fee payments made to Maestro protocol addresses
- **Logic**: The calculation begins by filtering Solana native transfers to identify payments to the Maestro fee recipient address `MaestroUL88UBnZr3wfoN7hqmNWFi3ZYCGqZoJJHE36`. Only transfers where the sender is not itself a fee account are included to prevent double-counting internal transfers. Each qualifying transfer captures the block timestamp, transaction ID, transaction signer, and transfer amount. All transfers are tagged with chain as `solana`, product_id as null, and token_address as the native SOL address `So11111111111111111111111111111111111111112`
- **Key fields**: `block_timestamp` for timing, `transaction_signer` for sender identification, `amount` for fee value in lamports, `to_address` for fee recipient validation

### Component B: Daily aggregation and unit conversion
- **Purpose**: Convert raw lamport amounts to SOL units and aggregate fees by day
- **Logic**: Raw transfer amounts are converted from lamports to SOL by dividing by 1e9 (since 1 SOL = 1 billion lamports). Transfers are then aggregated using daily time boundaries created by truncating timestamps to day precision. The aggregation groups by day, timestamp grain (always 'day'), chain ID, product ID, and token address, summing all fee amounts within each group
- **Key fields**: `timestamp` truncated to day boundaries, `fees` as sum of converted amounts, grouping dimensions for proper aggregation

### Component C: USD conversion
- **Purpose**: Convert daily SOL fee amounts to USD using market prices
- **Logic**: The aggregated daily SOL amounts are converted to USD using end-of-day price feeds through the standard Token Terminal conversion macro. This process looks up the appropriate SOL price for each day and multiplies the fee amounts to get USD values. No additional decimal correction is applied since the amounts were already converted from lamports to proper SOL units
- **Key fields**: `fees` converted to USD equivalent values using daily price data

### Final aggregation
- **Combining components**: The USD-converted fee amounts flow through Token Terminal's standard metric finalization process which validates data quality, ensures consistent schema structure, and handles any missing days
- **Currency conversion**: SOL amounts are converted to USD using end-of-day closing prices for accurate daily valuations
- **Time aggregation**: Fees are aggregated at daily boundaries with timestamps truncated to day precision, ensuring consistent time series data
- **Final calculation**: The final metric value represents the total USD value of fees collected by Maestro protocol addresses each day, calculated as the sum of all qualifying SOL transfers to fee recipient addresses, converted from lamports to SOL units, then to USD using daily closing prices. Missing days are filled with zero values to maintain complete time series continuity.

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

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

Maestro

Fees

Fees

Competitive landscape

Chain breakdown