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Blockchains (L2)

peaq

# peaq Token incentives Methodology

## 1. Overview

PEAQ token incentives measures the total value of token rewards distributed daily on the PEAQ network, converted to USD. This metric captures both block rewards paid to validators and staking rewards distributed to network participants, providing insight into the economic incentives driving network participation and security.

## 2. Data sources

- **PEAQ blockchain events**: Parsed `BlockRewardsDistributed` events from the `blockReward` pallet and `Rewarded` events from the `paraStaking` pallet
- **External price data**: End-of-day PEAQ token price feeds from CoinGecko API

## 3. Step-by-step calculation

### Component A: Block reward extraction
- **Purpose**: Captures block rewards distributed to validators for producing blocks
- **Logic**: Extracts `BlockRewardsDistributed` events from the PEAQ blockchain's `blockReward` pallet. Takes the first parameter from the event data array, which contains the reward amount in wei format. Converts the raw amount to PEAQ tokens by dividing by 1e18 (18 decimal places). Includes blockchain metadata like `block_timestamp`, `block_number`, `extrinsic_hash`, and `event_index` for precise tracking.
- **Key fields**: `amount` (converted from wei to PEAQ tokens), `block_timestamp`, `event_index`

### Component B: Staking reward extraction  
- **Purpose**: Captures staking rewards distributed to network participants
- **Logic**: Extracts `Rewarded` events from the PEAQ blockchain's `paraStaking` pallet. Takes the second parameter (offset 1) from the event data array, which contains the staking reward amount in wei format. Converts the raw amount to PEAQ tokens by dividing by 1e18. Uses the same blockchain metadata structure for consistency.
- **Key fields**: `amount` (converted from wei to PEAQ tokens), `block_timestamp`, `event_index`

### Component C: Incentive consolidation
- **Purpose**: Combines both reward types and removes duplicates
- **Logic**: Unions the block rewards and staking rewards into a single dataset. Applies distinct deduplication based on `block_timestamp`, `block_number`, `extrinsic_hash`, and `event_index` to ensure each incentive event is counted only once.
- **Key fields**: Combined `amount` values from both reward types

### Component D: Daily aggregation
- **Purpose**: Groups incentive amounts by day for consistent reporting
- **Logic**: Truncates `block_timestamp` to day boundaries using timestamp truncation. Groups all incentive events by the truncated timestamp and sums the `amount` values to get total daily incentives in PEAQ tokens.
- **Key fields**: `timestamp` (day-truncated), `amount` (daily sum in PEAQ tokens)

### Final aggregation
- **Combining components**: Daily incentive amounts are joined with CoinGecko price data using the truncated timestamp as the join key
- **Currency conversion**: USD conversion uses end-of-day PEAQ token prices from CoinGecko. The daily PEAQ incentive amount is multiplied by the corresponding day's PEAQ price to get `token_incentives` in USD
- **Time aggregation**: Data is aggregated to daily boundaries, with each day representing the total incentives distributed from 00:00:00 to 23:59:59 UTC
- **Final calculation**: The final metric represents the USD value of all PEAQ token incentives (both block rewards and staking rewards) distributed on each day, calculated as: daily PEAQ incentive amount × end-of-day PEAQ price

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

Value of native tokens distributed as incentives.

peaqPEAQ

Token incentives

Token incentives

Competitive landscape

Chain breakdown