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Miner Revenue from Fees (%)

Definition

The percentage of miner revenue derived from fees that interval. This is equal to the fees divided by the miner revenue.
Name
MetricID
Category
Subcategory
Type
Unit
Interval
Miner Revenue from Fees (%)
FeeRevPct
Fees and revenue
Fees
Percentage
Dimensionless
1 day

Details

  • Computed as 100 * FeeTotNtv / RevNtv

Release History

  • Released in the 1.0 release of NDP

Interpretation

For blockchains aiming to retain a limited supply by weaning themselves off an issuance-based validator subsidy, fees are expected to be a critical part of the long-term security model. This metric gives you an indication of how prepared a blockchain is to transition from an issuance-based compensation model for validators to a fee-based model.

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