Glossary
Fee Capture Ratio
A fee capture ratio compares retained protocol revenue with the total fees generated by users or transactions.
Plain-English meaning
In this game, Fee Capture Ratio is used as a vocabulary card for recognizing how market and technology concepts fit together. The short idea is: share of fees retained.
The term is not shown as a recommendation. It is included so players can learn the language they may see in exchange interfaces, wallet prompts, research notes, AI product pages, or on-chain analytics dashboards.
Why it belongs with Protocol Revenue Metrics
These metrics help explain gross fees, net protocol revenue, incentives, and fee capture without implying investment value.
When solving the puzzle, compare the job this term performs with nearby cards. A correct group usually shares a function, risk type, workflow, or market structure rather than simply sharing similar wording.
Where you might see it
You might encounter this term while reading educational explainers, product documentation, risk disclosures, market dashboards, or beginner guides. Always separate vocabulary learning from financial decision-making.