Fees
Total fees generated by activity on a protocol, regardless of who receives them.
In-Depth Explanation
Fees represent the total cost users pay to use a protocol. This includes trading fees on DEXs, borrow interest on lending protocols, or transaction fees on L2s. Fees ≠ Revenue: fees may go to LPs, validators, or be burned. Understanding fee distribution is crucial for protocol analysis.
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Related Terms
Protocol Revenue
Fees collected by a protocol that accrue to the protocol itself or its tokenholders, rather than to liquidity providers or other participants.
Take Rate
The percentage of transaction volume or fees that a protocol captures as revenue.
Gas Fees
Transaction fees paid to validators/miners for executing operations on a blockchain.
More in Metrics
View all →Total Value Locked
TVLThe total value of crypto assets deposited in a DeFi protocol or across all of DeFi.
Protocol Revenue
Fees collected by a protocol that accrue to the protocol itself or its tokenholders, rather than to liquidity providers or other participants.
Take Rate
The percentage of transaction volume or fees that a protocol captures as revenue.
Gross Margin
Protocol revenue minus the direct costs required to generate that revenue, expressed as a percentage.