Tokens launch on the Raydium LaunchLab bonding curve under StonkFun's platform configs, where a platform fee of 0.5% to 1% applies to each trade. After graduation to a Raydium CPMM pool, the operator wallet collects the pool's creator fee, and locked liquidity positions are harvested through Raydium Burn & Earn.

StonkFun is a token launchpad on Solana built on Raydium LaunchLab. Its fees come from the platform fee on bonding-curve trades, the creator fee on graduated Raydium CPMM pools and Burn & Earn harvests. Raydium's own project also books the LaunchLab platform fee, so the two overlap by design.

Token creators and traders on Solana. StonkFun is a launchpad whose tokens can be paired with tokenized stocks, SOL and other tokens.

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# stonkfun Fees Methodology

## 1. Overview

Fees is defined as the total value paid by users to interact with the StonkFun platform on Solana. Fees is calculated as the sum of all economic value generated across StonkFun's bonding curve trading, creator fee collections, and liquidity lock harvests. These fees are collected to support platform operations and are distributed to designated platform wallets. Overall economic activity and monetization efficiency of the protocol are quantified by aggregating these fee streams.

## 2. Data sources

- **Blockchain events**: `TradeEvent`, `BuyExactIn`, `BuyExactOut`, `SellExactIn`, `SellExactOut`, `CreatePlatformConfig`, and `UpdatePlatformConfig` from the `LaunchLab` program, `CollectCreatorFee` and `CollectCreatorFeePermissionless` from the `CPMM` program, `CollectCpFees` and `CollectClmmFeesAndRewards` from Raydium programs, and SPL token transfers, covering Solana
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Bonding curve trade fees

- **Purpose**: Capturing platform fees generated from bonding curve trades
- **Logic**: `TradeEvent` from the `LaunchLab` program is parsed to extract the platform fee. This instruction is matched with corresponding `BuyExactIn`, `BuyExactOut`, `SellExactIn`, and `SellExactOut` from the `LaunchLab` program to identify the associated platform configuration and quote asset. Platform configurations are validated against active StonkFun configurations where the claim wallet is identified as a StonkFun operator or platform fee wallet.
- **Key fields**: `platform_fee`, `quote_token_mint`

### Component B: CPMM creator fees

- **Purpose**: Capturing creator fees collected from Constant Product Market Maker (CPMM) pools
- **Logic**: `CollectCreatorFee` and `CollectCreatorFeePermissionless` from the `CPMM` program are parsed. These instructions are joined with SPL token transfers where the recipient owner account is the StonkFun operator wallet and the authority account is the CPMM pool authority. The fee amount is extracted from the transfer amount.
- **Key fields**: `amount`, `token_address`

### Component C: Lock harvests

- **Purpose**: Capturing fees harvested from locked liquidity positions
- **Logic**: `CollectCpFees` and `CollectClmmFeesAndRewards` from Raydium programs are parsed. These instructions are filtered to include only those where the fee NFT owner account is a designated StonkFun wallet (either the operator or platform fee wallet). The instructions are matched with SPL token transfers where the recipient owner account is a StonkFun wallet and the destination account matches the recipient token account from the harvest instruction.
- **Key fields**: `amount`, `token_address`

### Component D: USD conversion and aggregation

- **Purpose**: Normalizing fee amounts and converting them to USD
- **Logic**: All fee components (bonding curve trade fees, CPMM creator fees, and lock harvests) are aggregated by day, chain, and asset. Raw fee amounts are normalized by decimal precision using asset metadata. Normalized amounts are then multiplied by end-of-day asset prices to calculate the USD value. Daily granularity is maintained using UTC day boundaries.
- **Key fields**: `fee_amount`, `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

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