# Near Intents Supply-side fees Methodology

## 1. Overview

Supply-side fees measures the total value generated by Near Intents that is distributed to service providers, including solvers and frontends. This metric represents the compensation earned by infrastructure participants for fulfilling user intents and facilitating cross-chain or cross-protocol swaps. Because Near Intents has not activated a protocol-level fee switch, 100% of the collected fees are allocated to these supply-side participants.

## 2. Data sources

- **Blockchain events**: `token_diff` events from the `intents.near` contract, covering Near
- **External data**: End-of-day price feeds for assets involved in intent fulfillment and asset metadata for decimal normalization

## 3. Step-by-step calculation

### Component A: Intent fee extraction

- **Purpose**: Captures the raw fee amounts generated by intent fulfillment.
- **Logic**: Blockchain logs are filtered for the `intents.near` executor account to identify `token_diff` events. Within these events, the `fees_collected` array is parsed to extract the asset address and the raw amount. Only events associated with a successful execution status are included to ensure only finalized transactions are measured.
- **Key fields**: `fees_collected` (array), `execution_status` (status check), `executor_account_id` (contract identification)

### Component B: Asset normalization and USD conversion

- **Purpose**: Standardizes fee amounts across different assets and converts them to USD.
- **Logic**: Raw fee amounts are adjusted by the decimal precision associated with each specific asset. A scaling factor is applied to the decimal-corrected amounts to ensure consistency with canonical asset units. These normalized values are then multiplied by end-of-day asset prices corresponding to the date of the transaction.
- **Key fields**: `fee_token` (asset identification), `fee_amount` (raw value), `price_usd` (valuation)

### Component C: Supply-side fee allocation

- **Purpose**: Determines the final portion of fees flowing to service providers.
- **Logic**: The total fees calculated in the previous steps are compared against protocol revenue. For Near Intents, protocol revenue is set to zero as the system operates as a pure pass-through to solvers and frontends. Consequently, supply-side fees are calculated as 100% of the total fees collected.
- **Key fields**: `fees` (total collection), `revenue` (protocol share)

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

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

Supply-side 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.