DePin
Chain Clusters
About this Chart
Zora is a consumer social application, and the team currently operates a L2 blockchain built using the op-stack. Zora's Total Revenue is driven by both Platform Revenue on the social app and Network REV generated on the L2.
Platform Revenue: Zora is an onchain social network that initially used NFTs to empower creators to capture value through community. An early 202 upgrade migrated away from NFTs by tokenizing posts on the social platform with 1 billion supply tokens. Notably, the tokens are minted and traded on Base rather than the L2 it operates. Zora charges trading fees on activity in the platform, distributing the majority of fees back to users. Platform Revenue tracks all trading fees kept by the protocol. Note, we currently only platform revenue after the migration to tokenized posts in early 2025.
Network 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. As it pertains to Zora's Network REV, there are no out-of-protocol tips. All REV is generated by in-protocol transaction fees.