Base: Total REV by Transaction Index

Share of total transaction fees from priority fees paid to be in the top slots of a block

About this Chart

REV (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.

Blocks on Base are priority ordered, meaning transactions in a block are ordered with the highest priority fee executed first.

This chart shows the share of total REV driven by priority fees from transactions in the top 1, 3, 5, and 10 positions in the block.