Validators process transactions and receive validator rewards (supply-side fees).

NEAR Protocol is a smart contract platform for decentralized applications (a blockchain). NEAR Protocol was founded by Alexander Skidanov & Ilya Polosukhin and launched in 2017.

NEAR holders own and govern the protocol. They currently take (burn) all of the total transaction fees paid by users (revenue). NEAR Protocol's investors include a16z, Pantera Capital, Libertus, etc.

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NEAR Protocol

# near Fees Methodology

## 1. Overview

Fees measures the total economic value paid by users to interact with the Near network and its integrated products. This metric includes network-level gas fees paid for transaction processing on Near Protocol and application-level fees collected by solvers or frontends within Near Intents. Fees represent the total cost of transacting and utilizing liquidity services across the ecosystem.

## 2. Data sources

- **Blockchain events**: `token_diff` events from `intents.near` contracts and block-level gas consumption data from Near
- **External data**: End-of-day price feeds for the native NEAR asset and other assets collected as intent fees

## 3. Step-by-step calculation

### Component A: Near Protocol gas fee extraction

- **Purpose**: Captures fees paid to the network for transaction execution and validation
- **Logic**: Gas usage is extracted from block chunks and multiplied by the applicable gas price. The resulting amounts are normalized by a factor of 10^24 to account for the native precision of the Near network's gas units.
- **Key fields**: `chunk_gas_used` (gas consumed), `gas_price` (price per unit of gas)

### Component B: Near Intents fee extraction

- **Purpose**: Captures fees directed toward solvers and frontends within the Near Intents ecosystem
- **Logic**: `token_diff` events from the `intents.near` contract are parsed to identify successful intent executions. The `fees_collected` JSON array is unnested to extract specific fee amounts and associated assets for each transaction. Amounts are normalized by the decimal precision of the respective asset and adjusted by a protocol-specific multiplier.
- **Key fields**: `fees_collected` (JSON array of fee data), `execution_status` (success filtering), `fee_token` (asset identification)

### Component C: USD conversion and aggregation

- **Purpose**: Normalizes all fee components to USD for standardized reporting
- **Logic**: Network gas fees are multiplied by end-of-day price feeds for the native NEAR asset. Intent fees are multiplied by the respective end-of-day price feeds for each fee-denominated asset. All fee components are summed by day, chain, and product (Near Protocol or Near Intents) using UTC day boundaries.
- **Key fields**: `price_usd` (asset pricing), `block_timestamp` (timing)

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

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

NEAR ProtocolNEAR

Fees

Fees

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