Users bet on the prediction market and receive winnings from other users.

SX is a non-custodial, community-owned sports betting and political prediction market. It is built on SX Network, an EVM-compatible Polygon Edge application blockchain. SX was founded by Andrew Young, Julian Wilson, Jake Hannah, and launched in 2019.

SX tokenholders own and govern the protocol. They currently take all of the total betting fees paid by users (revenue). SX's investors include CMCC Global, Nascent, Sybil Capital, etc.

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Prediction markets

# SX Fees Methodology

## 1. Overview

SX fees represent the total fees collected by the SX prediction market platform from user betting activities. This metric tracks daily fee revenue generated across all prediction markets operated by SX, providing insight into platform utilization and revenue generation. The calculation aggregates fee data collected from SX's platform API and standardizes it for cross-protocol comparison within Token Terminal's analytics framework.

## 2. Data sources

The SX fees metric relies on the following raw data sources:

- **SX platform API data**: Scraped revenue data from SX's prediction market platform, including timestamps, token denominations, and fee amounts collected from betting activities
- **External price feeds**: End-of-day token price feeds used for USD conversion of fees denominated in various tokens
- **Chain availability data**: Configuration data that defines which blockchain networks are supported and available for analysis

## 3. Step-by-step calculation

### Component A: Raw revenue data extraction
- **Purpose**: Extract and standardize raw fee revenue data from SX's prediction market platform
- **Logic**: Collect revenue data from SX's API scraper source, which captures fee amounts along with timestamps and token denominations. Transform this raw data by converting timestamps to proper timestamp format, setting the time grain to daily aggregation, and classifying the business context. The data is categorized under the prediction market business line with 'prediction_markets' as the market sector and 'betting' as the business segment. Token addresses are normalized to lowercase format for consistency, and the platform version is marked as 'v1'. The chain field is set to 'unknown' as this represents platform-level data rather than specific blockchain transactions.
- **Key fields**: `timestamp` for temporal tracking, `denomination` for token identification, `revenue` for the fee amount, and business classification fields for standardized categorization

### Component B: Data filtering and preparation  
- **Purpose**: Apply temporal filtering and rename fields for metric standardization
- **Logic**: Filter the standardized revenue data to include only records after December 7, 2020, establishing the data start date for the SX fees metric. Rename the `amount` field to `fees` to align with the metric's purpose and maintain consistency with other fee metrics in the analytics framework. Preserve all business classification fields including `chain_id`, `market_sector_id`, `business_segment_id`, and `product_id` for proper categorization.
- **Key fields**: `fees` (renamed from amount) representing the fee value, `timestamp` for daily aggregation boundaries, and classification identifiers for business context

### Final aggregation
- **Combining components**: The filtered and renamed revenue data flows into the finalization process where it undergoes schema validation and standardization
- **Currency conversion**: Fee amounts are converted to USD using end-of-day price feeds based on the token denomination specified in each record
- **Time aggregation**: Data is aggregated on daily boundaries as specified by the timestamp grain, with any missing dates filled with zero values to maintain continuity
- **Final calculation**: The final fees metric represents the daily sum of all fee revenue collected by SX's prediction market platform, expressed in USD. Missing dates are filled with zeros using a 'fill_zeros' strategy to ensure complete time series data. Chain availability filters are applied to maintain consistency with supported network configurations, though SX operates primarily as a platform-level service rather than a specific blockchain protocol.

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

Total value users pay to use a protocol (gross fees, user-paid fees).

SXSX

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Fees

Fees

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Chain breakdown