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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Blockchains (L1)

NEAR Protocol

# near Revenue Methodology

## 1. Overview

Revenue measures the total value captured by the Near protocol and its ecosystem products, specifically through network-level fee burning and protocol-specific fees. It includes the value of NEAR assets burnt during transaction and receipt execution, as well as revenue generated by Near Intents through its fee switch mechanism. This metric serves as an indicator of the economic activity and value capture efficiency of the network and its specialized intent-based infrastructure.

## 2. Data sources

- **Blockchain events**: Transaction and receipt data including burnt token counts, as well as account balance changes for the `1csfundsadmin.sputnik-dao.near` and `fefundsadmin.sputnik-dao.near` treasury accounts, covering Near
- **External data**: End-of-day price feeds for the native NEAR asset

## 3. Step-by-step calculation

### Component A: Network gas revenue collection

- **Purpose**: Captures the value of NEAR assets burnt during transaction processing and receipt execution.
- **Logic**: Tokens burnt are extracted from both transaction records and execution receipts across the network. These values represent the portion of gas fees that are permanently removed from circulation. Amounts are aggregated daily to represent the total network-level revenue generated by transaction activity.
- **Key fields**: `tokens_burnt` (burnt asset quantities)

### Component B: Near Intents protocol revenue calculation

- **Purpose**: Determines the revenue captured by the Near Intents product via DAO treasury inflows.
- **Logic**: End-of-day non-staked balances are tracked for specific Near Intents DAO treasury accounts. Daily revenue is calculated as the day-over-day increase in these non-staked balances. To ensure withdrawals or treasury management activities are not recorded as negative revenue, any daily decrease in balance is clamped to zero.
- **Key fields**: `affected_account_nonstaked_balance` (account balances), `account_address` (treasury identification)

### Component C: USD conversion and final aggregation

- **Purpose**: Normalizes all native asset quantities to USD for reporting.
- **Logic**: All collected asset amounts from network gas burns and treasury balance deltas are normalized by decimal precision. These values are multiplied by the end-of-day price feeds for the NEAR asset. The components are then summed to provide a comprehensive daily revenue figure for the project.
- **Key fields**: `price` (asset valuation)

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

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

NEAR ProtocolNEAR

Revenue

Revenue

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