After considering these explanations, the fee derived from transactions and native swaps are provided in the next figures.

Introduction:

The main purpose of Luna Digital Currency is to secure the network by staking it and locking value in the ecosystem.

However, those who hold the Luna currency for a long time are at risk of fluctuations in this asset. That's why Luna staking Rewards is the main incentive for holders who intend to have this currency in their portfolio for a long time.

Because validators provide the computing power of the Terra protocol, rewards are distributed among them first. After that, each Delegator receives his share.

staking rewards are determined by the volume of the staked Luna, and this structure is designed to increase the rewards as the number of transactions in the network increases. Therefore, with the growth of the Terra network in the long run, investing in this currency will be profitable.

Staking rewards come from three sources: Gas, tax and community pool bonuses.

• Gas is a fee paid to prevent spam transactions. Validators set the minimum gas rate and do not approve transactions that do not comply with the gas rate. The calculated fee at the end of each block is distributed among the validators in proportion to the volume they have left for the stick.

• The tax is calculated as a fixed fee in the Terra protocol. In each transaction in this network, an amount between 0.1% to 1% of the transaction volume up to 1 TerraSDR is calculated as tax. This amount is paid by one of the currencies of Terra network and is distributed among the validators in proportion to the stacked volume.

• validators participate in Oracle Luna Exchange Rates and will be rewarded from the community pool whenever they vote. The community pool in this protocol is called the pool that is used to store LUNA in the process of keeping the UST Stable Coin price constant.

The fee derived from transactions is shown in this figure. Many currencies is used to pay fee but in this study, only Luna and UST are considered. As shown in this figure, the transactions fee paid by Luna has risen in the last days of 2020 and the first days of 2021. Also, the transactions fee paid by UST has increased since May, 2021.

The fee derived from native swaps is demonstrated in this figure. As shown in this figure, the USD value of fee that paid by UST is much higher than Luna. Also, the amount of daily fee paid with UST are jumped to very high levels from Nov 10 to Nov 20, 2021. The fee that paid by Luna are jumped at higher level from May 21 to Jul 3, 2021 as can be seen in this figure.

These two tables show the total amount of fee derived from native swaps and transactions in Luna and UST currencies.

As shown in these tables, the total fee derived from native swaps are much more higher than fee derived from transactions in both Luna and UST currencies.