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 Average transaction fee Methodology

## 1. Overview

Average transaction fee measures the typical cost paid by users for a single transaction on the Solana network. This metric is calculated by dividing the total fees collected by the network by the total number of transactions processed. It serves as a primary indicator of network affordability and economic throughput. Fees are aggregated at the block level and include both base fees and priority fees paid to validators. The resulting values are normalized to USD to enable historical comparison across different market conditions.

## 2. Data sources

- **Blockchain events**: `fee` and `transaction count` data from block-level metadata, covering Solana
- **External data**: End-of-day price feeds for the native SOL asset

## 3. Step-by-step calculation

### Component A: Native fee aggregation

- **Purpose**: Captures the total aggregate fees paid to the network in the native asset.
- **Logic**: Fee data is extracted from block-level metadata and summed on a daily basis. Amounts are normalized by decimal precision to account for the native asset's denomination.
- **Key fields**: `fee` (total fees in a block), `block_timestamp` (timing)

### Component B: Transaction count aggregation

- **Purpose**: Determines the total number of transactions processed by the network.
- **Logic**: Transaction volumes are extracted from block-level metadata and aggregated by day. This includes all transactions recorded within the blocks for the period.
- **Key fields**: `transaction_count` (number of transactions in a block), `block_timestamp` (timing)

### Component C: USD conversion and average calculation

- **Purpose**: Normalizes values to USD and derives the final per-transaction cost.
- **Logic**: Daily native fee totals are multiplied by end-of-day price feeds to determine the USD value of fees. The average transaction fee is then calculated by dividing the total USD fees by the total transaction count for the same period. A safety check is performed to handle potential division-by-zero scenarios in the event of no recorded activity.

_This methodology was automatically generated by Token Terminal's methodology analyzer._

SolanaSOL

Average transaction fee

Average transaction fee

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