X @Token Terminal 📊

Definition of Blockchain GDP - Blockchain GDP measures the USD value of end-user payments in fees for interacting with a chain's applications [1] - The GDP metric excludes gas fees paid to the underlying chain [1] - An on-chain transaction is classified as a Fee when the application can apply a take rate (0-100%) on it [1] - The GDP metric considers the total Fee paid by the end user [1] Calculation and Rationale - Example: A borrower on Aave pays $100 in interest; the Fee equals $100 [2] - The GDP metric is based on Fees, not Revenue, to include end-user payments from applications with a 0% take rate, like Uniswap & Morpho [2]