# Near Intents Fees Methodology

## 1. Overview

Fees measures the total value paid by users to execute intent-based swaps and cross-chain operations through Near Intents. These fees are collected during the fulfillment of user intents and are used to compensate solvers and frontends for facilitating the transaction. This metric highlights the economic activity and the cost of liquidity provision within the Near Intents ecosystem.

## 2. Data sources

- **Blockchain events**: `token_diff` events from `intents.near` contracts on Near Protocol
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Intent swap event extraction

- **Purpose**: Identify and isolate intent-based transaction data from the Near Protocol ledger
- **Logic**: Execution outcome logs are filtered for the `intents.near` executor account. Within these logs, `token_diff` events are parsed to identify individual intent fulfillments. Transactions are strictly filtered to include only those where the execution status is recorded as a success.
- **Key fields**: `intent_hash`, `executor_account_id`, `execution_status`

### Component B: Fee value extraction

- **Purpose**: Capture the raw fee amounts and associated assets for each intent
- **Logic**: The `fees_collected` array within the event data is unpacked to extract the fee token address and the raw fee amount. This data is mapped to specific intent hashes to ensure accurate attribution of fees to their respective transactions.
- **Key fields**: `fee_token`, `fee_amount`

### Component C: Normalization and USD conversion

- **Purpose**: Convert raw fee values into a standardized USD representation
- **Logic**: Fee amounts are normalized by the decimal precision of the respective assets and adjusted by the protocol's internal multiplier. These adjusted amounts are then multiplied by end-of-day price feeds for the specific assets. The resulting values are aggregated by day using UTC boundaries to produce the final daily fees metric.
- **Key fields**: `decimals`, `price_usd`, `fees_usd`

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

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

Fees

Exchanges (DEX)

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.