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Blockchains (L1)

Sonic

# Sonic Fees Methodology

## 1. Overview

The Sonic fees metric measures the total transaction fees paid by users on the Sonic blockchain, expressed in USD. This metric captures the economic cost of using the network by aggregating gas fees from all transactions. The calculation multiplies the gas used by each transaction by the effective gas price paid, sums these fees daily, and converts the result to USD using end-of-day price feeds.

## 2. Data sources

- **Sonic blockchain transaction records**: Raw transaction data from the Sonic blockchain including gas usage metrics, transaction hashes, addresses, block timestamps, and gas pricing information
- **End-of-day token price feeds**: Price data for Sonic's native token (S token) used for USD conversion
- **Token metadata**: Information about Sonic's native token including the contract address (`0x039e2fb66102314ce7b64ce5ce3e5183bc94ad38`), symbol (`S`), and decimal precision

## 3. Step-by-step calculation

### Component A: Transaction data extraction
- **Purpose**: Extract and standardize transaction data from the Sonic blockchain
- **Logic**: Pull all Sonic blockchain transactions and extract key fields including `block_timestamp`, `transaction_hash`, `from_address`, `to_address`, `receipt_gas_used`, and `receipt_effective_gas_price`. Convert the effective gas price from wei units to full token units by dividing by 10^18. Cast data types appropriately with `gas_used` as bignumeric for precision and other fields as strings or integers.
- **Key fields**: `gas_used` (computational cost), `effective_gas_price` (price per unit of gas in full token units), `block_timestamp` (transaction timing)

### Component B: Daily fee aggregation  
- **Purpose**: Calculate total fees paid each day on the Sonic network
- **Logic**: For each transaction, multiply `gas_used` by `effective_gas_price` to determine the fee amount paid for that transaction. Group transactions by calendar day using timestamp truncation to the day level. Sum all transaction fee amounts within each day to get the total daily fees paid in Sonic's native token.
- **Key fields**: `fee_amount` (sum of all transaction fees per day), `timestamp` (daily boundary for aggregation)

### Final aggregation
- **Combining components**: The daily fee amounts calculated in Component B serve as the base metric value for each day
- **Currency conversion**: Convert daily fee amounts from Sonic's native token to USD using Token Terminal's standard conversion process with end-of-day price feeds for the S token
- **Time aggregation**: Data is aggregated at daily boundaries using calendar day truncation of transaction timestamps
- **Final calculation**: The final metric value represents the total USD value of transaction fees paid on the Sonic blockchain each day, calculated as the sum of (gas used × effective gas price) across all transactions, converted to USD using end-of-day exchange rates

*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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