Overview

Financials

Onchain Activity

DEX Activity

Sourced from DefiLlama

Base: Total Application Revenue

Base: Transaction Activity

Real Economic Value is a standardized metric that tracks blockchain value accrual generated by user activity. REV consists of both in-protocol transaction fees and out-of-protocol tips that users pay for transaction execution, so it measures the monetary demand to transact onchain.

In the case of Base, there are no out-of-protocol tips. All REV is generated by in-protocol transaction fees, of which there are three types. 

  - **L1 Fee**: Covers the cost of submitting L2 transactions to Ethereum mainnet L1. It fluctuates based on Ethereum mainnet's network congestion.
  - **L2 Base Fee**: The minimum fee required for a transaction to be included in a block, dependent on the Base's network congestion.
  - **L2 Priority Fee**: An additional fee paid to prioritize a transaction within a  block. OP Stack chains like Base rely on priority ordering, where higher paying transactions are executed first, so priority fees enable sophisticated users to effectively bid for inclusion. 


Network REV for Base only consists of transaction fees

Base: Network REV (Real Economic Value)

Transfers for DAI & USDC, Supply sourced from Defillama

Base: Stablecoin Supply and Transfer Volume

Avalanche

Aptos

Berachain

Bitcoin

Celestia

Ethereum

Polygon PoS

Solana

Arbitrum

Base

Celo

Mode

OP Mainnet

Polygon zkEVM

SKALE

ZKsync Era

Zora

Fluid

MakerDAO

Marinade

Raydium

Vector

Morpho

Polymarket

Pump.Fun

Virtuals

Chain Comparison

L2 Comparison

OP Superchain

Bitcoin ETF

Ethereum ETF

Layer 1

Layer 2

Finance

Consumer

Sectors

Chain Clusters

ETFS

Base: Overview

Base: Total Application Revenue

Base: Network REV (Real Economic Value)

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