Overview

Financials

Onchain Activity 

DEX Activity

AVAX Staking

Network REV ([Real Economic Value](https://dba.xyz/l1-l2-token-value-capture/#real-economic-value-rev)) is the measure of user demand to transact and is the "top line" metric of a blockchain. It consists of all transaction fees and out-of-protocol tips (generally related to MEV) paid for transaction execution. In the case of Avalanche C-Chain, there are no live infrastructure projects that enable out-of-protocol tips, so REV consists solely of in-protocol transaction fees.

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**Base Fees**: The minimum transaction fee required for a transaction to be included in a block. The Base Fee adjusts depending on the current demand for blockspace, targeting a 50% utilization rate. Avalanche C-Chain adopted the same model from Ethereum's EIP-1559 upgrade, and the entire Base Fee is burned.

**Priority Fees**: An additional transaction fee to incentivize faster transaction execution. Unlike on Ethereum, the Priority Fee on Avalanche C-Chain is burned. However, higher priority fees can still improve transaction execution times during network congestion even though validators don't directly benefit.







Total transaction fees 

Avalanche: C-Chain Network REV

Avalanche: Transaction Activity

Median transaction fee

Avalanche: Transaction Cost

Avalanche: AVAX Supply Staked

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.


Includes REV on C-Chain, P-Chain, X-Chain and PAYG Fees

Avalanche: Total Network Revenue

Avalanche: Total DEX Volume

Funding and M&A

Centralized Exchanges

Decentralized Exchanges

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Avalanche: Overview

Avalanche: Transaction Activity

Avalanche: Total Network Revenue

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