Creators mint & users sell NFTs on Rarible. Creators and users receive payments from sales & creators receive royalties from secondary sales.

Rarible is a non-custodial NFT marketplace protocol built on Ethereum. Rarible was founded by Alexander Salnikov and launched in 2020.

RARI tokenholders own and govern the protocol. They currently take all of the total transaction fees paid by traders (revenue). Rarible's investors include Coinbase Ventures, CoinFund, ParaFi Capital, etc.

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Rarible

# Rarible Token incentives Methodology

## 1. Overview

Token incentives measures the total value of RARI tokens distributed as incentives to users through Rarible's mining programs. This metric tracks token rewards paid out through two distinct incentive mechanisms: Mine V2 claim events and Mine V3 claim function calls. The calculation aggregates daily RARI token distributions and converts them to USD value using end-of-day token prices.

## 2. Data sources

The calculation uses the following raw data sources:
- **Ethereum event logs**: Parsed `Claim` events from Rarible's Mine V2 contract containing RARI token distribution amounts
- **Ethereum transaction traces**: Function call traces for `claim` functions from Rarible's Mine V3 contract containing balance updates for RARI token distributions  
- **End-of-day price feeds**: Daily RARI token prices for USD conversion
- **Token metadata**: RARI token decimal precision information for accurate amount calculations

## 3. Step-by-step calculation

### Component A: Mine V2 claim events
- **Purpose**: Captures RARI token incentives distributed through the Mine V2 contract claim mechanism
- **Logic**: Extracts parsed `Claim` events from Rarible's Mine V2 contract on Ethereum. Each event represents a user claiming RARI token rewards. The calculation takes the `value` field from each event as the raw token amount distributed. Events are identified by block timestamp, transaction hash, and log index for uniqueness.
- **Key fields**: Block timestamp for daily aggregation, `value` field containing raw RARI token amounts, transaction hash and log index for deduplication

### Component B: Mine V3 claim function calls  
- **Purpose**: Captures RARI token incentives distributed through the Mine V3 contract claim mechanism
- **Logic**: Extracts `claim` function call traces from Rarible's Mine V3 contract on Ethereum. Each successful function call represents a user claiming RARI token rewards. The calculation extracts the balance value field from the function parameters as the raw token amount. Only successful transactions are included by filtering for status equals true.
- **Key fields**: Block timestamp for daily aggregation, balance value field containing raw RARI token amounts, transaction status for filtering successful claims, trace address for deduplication

### Final aggregation
- **Combining components**: The two components are combined using a union operation, creating a unified dataset of all RARI token incentive distributions from both Mine V2 and V3 mechanisms
- **Currency conversion**: Raw RARI token amounts are converted to USD using end-of-day token prices. The conversion process also corrects for RARI token decimal precision to ensure accurate USD values
- **Time aggregation**: All incentive distributions are aggregated to daily boundaries using day-truncated block timestamps
- **Final calculation**: The final metric value represents the total USD value of RARI tokens distributed as incentives per day, with any missing days filled with zero values to maintain complete time series data

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

Value of native tokens distributed as incentives.

RaribleRARI

Token incentives

Token incentives

Competitive landscape

Chain breakdown