Definition of Blockchain GDP - The GDP metric measures the USD value of what end users pay in Fees to interact with a chain's applications [1] - The GDP metric 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] Calculation and Application - 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, so that the end user payments of widely used applications that have a 0% take rate, such as Uniswap & Morpho, are taken into account [2]

Vanguard was set up 50 years ago with a single mission: drive down fees for ordinary investors. But the firm’s new CEO is leading a charge into higher-fee products. We ask him why in this week’s “Money Talks” https://t.co/fN9W8txZAM https://t.co/i0QoNOQiWN ...

🔥 BIG: Apps on Ethereum have generated ~$26B in user-paid fees since launch.Top contributors to Ethereum’s GDP include Tether, Uniswap, and Circle. https://t.co/FOj0XOk2UO ...

hyperliquid hit 10b OI, fees 2x ethereum's.november cliff gives it runway others lack. ...

What is meant by a blockchain's GDP?▪️ The GDP metric measures the USD value of what end users pay in Fees to interact with a chain’s applications in a given period of time. The GDP metric excludes gas fees paid to the underlying chain.▪️ 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. The GDP metric takes into account the total Fee paid by the end user.▪️ Example: a borrower on Aave pays $100 in interest on ...

🚨 NEW: Ethereum ecosystem has generated $7.3B in fees over the past year, per Token Terminal. https://t.co/QwrPlV0D1m ...