Validators process transactions and receive fees from users (supply-side fees).

Tezos is a smart contract platform for decentralized applications (a blockchain). Tezos was founded by Arthur Breitman & Kathleen Breitman etc. and launched in 2018.

XTZ holders own and govern the protocol. They currently do not take a cut of the total transaction fees paid by users (revenue).

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Blockchains (L1)

Tezos

# Tezos Fees Methodology

## 1. Overview

Tezos fees represents the total transaction fees paid on the Tezos blockchain, measured in USD. This metric captures the daily aggregate of all fees paid to validators for processing transactions on the Tezos network. The calculation aggregates block-level fee data from the Tezos blockchain, converts amounts from native XTZ tokens to USD using end-of-day price feeds, and applies daily time boundaries.

## 2. Data sources

- **Tezos blockchain fee data**: Raw fee amounts and block information scraped directly from the Tezos blockchain, including block timestamps, fee amounts in native XTZ units, and block levels
- **End-of-day price feeds**: CoinGecko price data for the XTZ token used for USD conversion
- **Token metadata**: Static configuration data including XTZ token decimals (6), symbol, and CoinGecko identifier
- **Chain availability data**: Token Terminal's chain availability configuration to determine valid data collection periods

## 3. Step-by-step calculation

### Component A: Raw fee extraction
- **Purpose**: Extract and standardize raw fee data from Tezos blockchain
- **Logic**: Raw fee data is sourced from Tezos blockchain scraper containing block-level fee information. Each record includes the block timestamp when fees were collected, the raw fee amount in XTZ base units, and the corresponding block level. Fee amounts are converted from raw blockchain units to actual XTZ token amounts by dividing by 10^6 to account for XTZ's 6 decimal places. The data is enriched with static metadata including chain identifier, token symbol, and CoinGecko ID for downstream processing.
- **Key fields**: `block_timestamp` for timing, `fees` as raw amounts, `level` as block numbers, converted `amount` in actual XTZ units

### Component B: Daily aggregation
- **Purpose**: Aggregate fee data into daily totals
- **Logic**: Fee data is grouped by calendar day using timestamp truncation to day boundaries. All fees occurring within the same day are summed together to create daily totals. Records are also categorized with standard Token Terminal dimensions including chain ID, market sector (blockchains L1), business segment (blockchain), and token identifiers. The aggregation uses distinct values to prevent double-counting of fees within the same day.
- **Key fields**: `daily_timestamp` as day boundary, `fees` as daily sum, categorical dimensions for data organization

### Component C: USD conversion
- **Purpose**: Convert XTZ fee amounts to USD values
- **Logic**: Daily XTZ fee totals are converted to USD using end-of-day CoinGecko price feeds for the XTZ token. The conversion process matches each day's fee total with the corresponding end-of-day XTZ/USD exchange rate, multiplying the XTZ amount by the USD price to calculate the equivalent USD value.
- **Key fields**: `fees` converted from XTZ to USD amounts using daily exchange rates

### Final aggregation
- **Combining components**: The calculation produces a single daily USD fee total for the Tezos chain by combining all fees collected across all blocks within each day
- **Currency conversion**: XTZ amounts are converted to USD using end-of-day CoinGecko price feeds, with the conversion applied after daily aggregation
- **Time aggregation**: Daily boundaries are established using timestamp truncation, with all fees within a calendar day summed together
- **Final calculation**: The final metric represents the total USD value of all transaction fees paid on the Tezos blockchain for each day, with zero values filled for any missing days within the chain's availability window and filtered to include only periods where Tezos data is considered complete and reliable

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

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

TezosXTZ

Fees

Fees

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