NEAR: Network REV Components

Base-chain execution fees, receipt conversion fees, and retained Intents revenue

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NEAR Financials

Network REV is user-paid economic value from NEAR activity. REV includes base-chain transaction fees and retained Intents protocol revenue. NEAR has no tips, blobs, or data-cost line items.

Base-chain transaction fees are split economically into protocol fee burn and contract gas rewards. Contract rewards are the 30% developer reward on function-call execution gas; protocol fee burn is the supply-removing portion of transaction fees.

NEAR: Token Issuance

Net issuance after burn.

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NEAR: Distribution of Network REV

Where REV flows

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NEAR: Current Token Inflation Rate

Trailing 30D annualized net total supply growth. Includes the effect of token burn

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NEAR: Intents Buybacks

NEAR bought back with Intents revenue

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NEAR: Token Burn

NEAR removed from supply through fee burn

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NEAR: Burn Rate

Average annual percentage of gross issuance burned.

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NEAR: Token Holder Income Statement

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NEAR: Token Holder Net Income

Network REV less operator payments and retained Intents fees

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Methodology

Network Revenue

Network REV is the known real economic value generated by NEAR usage. It includes base-chain user fees plus known Intents protocol revenue.

Base-Chain Fees

NEAR fees are user-paid transaction costs. Those fees are used for protocol fee burn and contract gas rewards. Protocol fee burn removes NEAR from supply. Contract gas rewards are paid to contracts as the protocol developer incentive on function-call execution gas.

Operator Payments

Operator payments are value that does not accrue to token holders in the token-holder income framework. For NEAR this includes contract gas rewards and estimated validator commission on token issuance.

Retained Intents Protocol Revenue

Retained Intents revenue is value that intents.near sends to NEAR-owned wallets, counted once when it arrives, in NEAR or USDC. USDC is converted to NEAR at the daily NEAR price. Transfers between those wallets are not counted again.

  • Intents fees retained by NEAR go to the treasury wallets fefundsadmin.sputnik-dao.near and 1csfundsadmin.sputnik-dao.near. They are excluded from token-holder income because they are neither burned nor distributed to stakers or validators.
  • NEAR buybacks are NEAR bought back with Intents revenue and held in buybacks.multisignature.near. They are included in token-holder income because they benefit token holders.

Issuance, Burn, and Inflation

Token burn is the supply-removing fee burn. The current inflation is trailing 30-day annualized net total supply growth: ending total supply divided by starting total supply, annualized over the elapsed days.