Zora: Network REV (Real Economic Value)

Network REV for Zora only consists of transaction fees

About this Chart

Zora is a consumer application that runs on a blockchain, so the total Revenue is driven by the application's platform fees and the blockchain's 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, 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 Zora's network congestion.
  • L2 Priority Fee: An additional fee paid to prioritize a transaction within a block. OP Stack chains like Zora rely on priority ordering, where higher paying transactions are executed first, so priority fees enable sophisticated users to effectively bid for inclusion.