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Definition of Blockchain GDP - Blockchain GDP measures the USD value of what end users pay in Fees to interact with a chain's applications [1] - GDP excludes gas fees paid to the underlying chain [1] - An onchain transaction by an application's end user is classified as a Fee whenever the application is entitled to apply a take rate (0-100%) on it [1] - The GDP metric takes into account the total Fee paid by the end user [1] - Example: a borrower on Aave pays $100 in interest on their loan; the Fee equals $100 [2] - The GDP metric is intentionally based on Fees, and not Revenue [2] - The GDP metric takes into account end user payments of widely used applications that have a 0% take rate, such as Uniswap & Morpho [2]