Avalanche: Total Network Revenue

About this Chart

REV is a standardized metric that tracks blockchain value accrual generated by user activity. REV is calculated separately for individual blockchains, including the C-Chain, P-Chain, and X-Chain. The metric tracks in-protocol transaction fees and any out-of-protocol tips that users pay for transaction execution. Therefore, it measures the monetary demand to transact on a blockchain. Today, REV on the C-Chain, P-Chain, and X-Chain is generated solely by in-protocol transaction fees, and 100% of these fees are burned.

Other L1 blockchains in the Avalanche Ecosystem pay a fee to the Avalanche Network known as PAYG (Pay-As-You-Go) Fees. While not considered a part of REV given the payment is for a specific service rather than generalized blockspace, PAYG fees are burned and are a meaningful line item for token holders.

C-Chain REV: Base fees, Priority fees, and ICM (Inter-Chain Messaging) fees.

P-Chain REV: All transaction fees on P-Chain.

X-Chain REV: All transaction fees on X-Chain.

PAYG Fees: Pay-As-You-Go subnet validator fees.