# Near Protocol Fees Methodology

## 1. Overview

Fees measures the total value paid by users to interact with Near Protocol. This includes the cost of transaction execution on the network (gas fees) and specialized fees generated through specific products like Near Intents. This metric represents the total economic value generated by the protocol's blockspace and integrated services.

## 2. Data sources

- **Blockchain events**: Gas consumption data extracted from block chunks and `token_diff` logs parsed from the `intents.near` account, covering Near Protocol
- **External data**: End-of-day price feeds for the native NEAR asset and other assets involved in intent-based swaps
- **Asset metadata**: Token decimal precision retrieved from asset metadata records

## 3. Step-by-step calculation

### Component A: Network gas fee extraction

- **Purpose**: Captures the fees paid for transaction execution and network security.
- **Logic**: Gas consumption is extracted from block chunks. Total gas fees are calculated by multiplying the gas used per chunk by the corresponding gas price. The resulting values are normalized by decimal precision to account for the native asset's 24-decimal denomination.
- **Key fields**: `chunk_gas_used`, `gas_price`

### Component B: Near Intents fee collection

- **Purpose**: Captures fees generated through the Near Intents swap architecture.
- **Logic**: Execution logs from the `intents.near` account are filtered for `token_diff` events. Fee data is extracted from the `fees_collected` array within these logs. Only events with a successful execution status are included. Fee amounts are normalized by the decimal precision of the respective assets.
- **Key fields**: `fees_collected` array, `execution_status`, `fee_amount`

### Component C: USD conversion and aggregation

- **Purpose**: Normalizes all fee components into a standardized currency (USD) for reporting.
- **Logic**: Network gas fees are converted to USD using end-of-day price feeds for the native NEAR asset. Fees from Near Intents are converted using end-of-day price feeds for each specific fee asset. All values are aggregated to a daily frequency using UTC day boundaries.
- **Key fields**: `price_usd`, `block_timestamp`

*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

Blockchains (L1)

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.