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 Fees Supply Side Methodology

## 1. Overview

Fees Supply Side measures the portion of total fees generated by Near Protocol and Near Intents that is distributed to supply-side participants. For Near Protocol, this metric represents the transaction fees paid to validators for securing the network and processing blocks, excluding the portion of gas that is burnt. For Near Intents, it captures the fees earned by solvers and frontends for facilitating the execution of user intents. This metric provides insight into the economic incentives provided to infrastructure operators and service providers within the ecosystem.

## 2. Data sources

- **Blockchain events**: Block chunk metadata, transaction and receipt records, `token_diff` logs from `intents.near` contracts, and account balance changes for `sputnik-dao.near` treasury contracts, covering Near
- **External data**: End-of-day price feeds for native assets and metadata for intent-swapped assets

## 3. Step-by-step calculation

### Component A: Near Protocol fee and revenue tracking

- **Purpose**: Calculates the total gas fees and the protocol revenue (burnt fees) for Near Protocol
- **Logic**: Total fees are calculated by multiplying the gas used in block chunks by the gas price. Protocol revenue is derived by summing the tokens burnt across all transactions and receipts. Both components are calculated at a daily grain.
- **Key fields**: `chunk_gas_used`, `gas_price`, and `tokens_burnt`

### Component B: Near Intents fee and revenue tracking

- **Purpose**: Calculates the total fees collected from intent-based swaps and the portion retained by the protocol treasury
- **Logic**: Total fees are extracted from the `fees_collected` array within `token_diff` logs emitted by the `intents.near` contract. Protocol revenue is determined by tracking the daily increase in non-staked balances for specific DAO treasury accounts, including `1csfundsadmin.sputnik-dao.near` and `fefundsadmin.sputnik-dao.near`. Balance decreases are excluded to ensure only incoming revenue is captured.
- **Key fields**: `fees_collected` (from logs) and `affected_account_nonstaked_balance` (from account changes)

### Component C: Supply-side fee calculation and USD conversion

- **Purpose**: Derives the final supply-side fee value and normalizes it to USD
- **Logic**: For each product (Near Protocol and Near Intents), protocol revenue is subtracted from total fees to isolate the supply-side share. Resulting values are normalized by decimal precision and converted to USD using end-of-day price feeds. Final values are aggregated by day, and any negative results—which may occur during periods where treasury growth or burns exceed collected fees—are filtered out.
- **Key fields**: `fees`, `revenue`, and `price_usd`

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

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

NEAR ProtocolNEAR

Supply-side fees

Supply-side fees

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