Validators process transactions and receive fees from users (supply-side fees).

Solana is a smart contract platform for decentralized applications (a blockchain). Solana was founded by Anatoly Yakovenko, Greg Fitzgerald, Raj Gokal, etc. and launched in 2020.

SOL holders own and govern the protocol. They currently take a cut of the transaction fees paid by users (revenue). Solana’s investors include Polychain Capital, ParaFi capital, Passport capital, etc.

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Solana

# Solana Fees Methodology

## 1. Overview

Fees measures the total value paid by users to interact with programs and execute transactions on Solana. Total fees, consisting of base execution fees and prioritization fees, are captured at the block level. This metric is used to assess the overall economic activity and demand for blockspace within the Solana ecosystem.

## 2. Data sources

- **Blockchain events**: Block metadata from the Solana network, covering Solana
- **External data**: End-of-day price feeds for the SOL asset

## 3. Step-by-step calculation

### Component A: Block-level fee aggregation

- **Purpose**: Capture the total transaction fees paid by users within each block
- **Logic**: The fee field is extracted from block-level data. This aggregate value includes both the base fees required for transaction execution and additional prioritization fees paid by users to increase the likelihood of inclusion in a block. All fees are natively recorded in Lamports.
- **Key fields**: `fee`, `timestamp`

### Component B: Normalization and USD conversion

- **Purpose**: Convert native fee amounts into a standardized USD representation
- **Logic**: Native fee amounts are normalized by decimal precision to convert values from Lamports to SOL. These normalized values are then multiplied by end-of-day price feeds for the SOL asset to derive the USD value. Fees are aggregated into daily totals using UTC day boundaries.
- **Key fields**: `fee`, `price_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).

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Fees

Fees

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