Transaction fees and forfeited failure collateral paid to transact on Cardano.
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Cardano network REV is modeled from transaction fees paid on-chain plus phase-2 failure collateral that is actually forfeited. Posted collateral that is returned on successful Plutus execution is tracked in Activity, not counted as revenue.
Distribution of REV attributes fee revenue through Cardano's reward accounting flow: Treasury share from the epoch reward pot, then the post-treasury share split between Stake Pool Operators and Delegators using realized rewards.
Gross ADA emissions are shown as token economics context; issuance is not treated as an income statement expense. The income statement deducts realized SPO operator rewards as the validator-operator expense line.
Attributed fee revenue by reward-pot recipient.
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Network REV after realized stake pool operator rewards.
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Reserve drawdown emissions allocated to each day.
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Quarterly and annual network revenue, SPO operator rewards, and token holder net income.
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