About this Chart

Recipient definitions

• Nodes: Swap-fee revenue allocated to active THORNodes before it is divided between node operators and bond providers.

• Liquidity Providers: Swap-fee revenue allocated to providers of assets in THORChain liquidity pools.

• TCY Stakers: Holders who stake TCY and receive a share of THORChain system income in RUNE.

• Affiliates: Frontend affiliate fees paid to integrators and referrers.

• Protocol Destinations: Revenue directed to named protocol programs, including developer, marketing, and protocol-owned-liquidity destinations.

• Protocol Reserve: Outbound fee surplus plus THORName registration fees retained by the protocol.

• Income Burn: System income designated for RUNE burn.

Methodology

Swap-fee allocations use Midgard's daily destination shares scaled to exclude block rewards. The buckets sum to Network REV.