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 Median transaction fee Methodology

## 1. Overview

Median transaction fee measures the middle value of fees paid across all transactions on the Solana network. This metric identifies the cost paid by a typical user, ensuring that the representative value is not skewed by extreme outliers, such as high-priority fees or complex program interactions. All fees are initially captured in native Lamports, normalized to the native Solana asset, and converted to USD using end-of-day price feeds.

## 2. Data sources

- **Blockchain events**: Transaction data from the Solana ledger, covering Solana
- **External data**: End-of-day price feeds for the native Solana asset

## 3. Step-by-step calculation

### Component A: Transaction fee extraction

- **Purpose**: Retrieve the raw fee data for every transaction processed on the network
- **Logic**: Fees are extracted from the metadata of all transactions recorded on the Solana ledger. These values represent the total cost required to process the transaction, including base fees and any additional priority fees.
- **Key fields**: `fee` (raw transaction cost in Lamports)

### Component B: Normalization and median calculation

- **Purpose**: Calculate the daily representative fee in the native Solana asset
- **Logic**: Raw fee amounts are normalized by decimal precision to convert from Lamports to the native SOL asset. A median value is determined for each UTC day by applying a quantile distribution to all transaction fees within that period and selecting the 50th percentile.
- **Key fields**: `fee_amount` (normalized cost)

### Component C: USD conversion and aggregation

- **Purpose**: Standardize the median fee value into USD for comparison
- **Logic**: The daily median fee value in native SOL is multiplied by the end-of-day price of the Solana asset. Data is aggregated to a daily granularity with UTC day boundaries.
- **Key fields**: `transaction_fee_median` (USD-denominated median fee)

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

SolanaSOL

Median transaction fee

Median transaction fee

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