jesse.base.eth πŸ”΅ pfp
jesse.base.eth πŸ”΅
@jessepollak
how would you measure onchain GDP if you were asked?
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Sid pfp
Sid
@sidshekhar
Sum up and normalize the USD value of all "economic activity" on a given chain (or set of chains) for a given time period: - Token transfers and payments - DeFi actions (lending, borrowing, trading) - NFT mints, buys/sells - Staking + farming rewards - On-chain service fees + gas costs
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Michael Silberling pfp
Michael Silberling
@msilb7
My tweet: https://x.com/msilb7/status/1785474793728295206?s=46 At one point I did do a β€œapp fees : gas fees” ratio using cryptofees.info data. But now @defillama is the closest to reliable & comprehensive app data. Of course there’s plenty of room for abuse, but πŸ€·β€β™‚οΈ
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willywonka βŒβ—¨-β—¨ pfp
willywonka βŒβ—¨-β—¨
@willywonka.eth
Hard to think of a perfect solution. Maybe annual growth in TVL? Not great for comparing apples to oranges, but good for oranges to oranges
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Rani pfp
Rani
@4484
focus on smart contract deployments and method calls. deployments count + categorization interaction count + categorization tvl network fees generated contract revenues
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Vinay Vasanji pfp
Vinay Vasanji
@vinayvasanji.eth
GNH https://en.m.wikipedia.org/wiki/Gross_National_Happiness
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Myk.eth pfp
Myk.eth
@myk
Sounds like a @kq question GDP = Consumption + Investment + Govt Spending + Net Export C = Blockspace used / blockspace avail I = TVL GS = Infra, validator, miner, etc costs NE = idk. mint sales, protocol profit, onchain commerce revenue, stuff like that? this aint it but cool thought experiment Lfg Knicks πŸ€
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​woj ツ pfp
​woj ツ
@woj.eth
@luc
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gardo.base.eth πŸ”΅ pfp
gardo.base.eth πŸ”΅
@champagne-papi
Any thoughts @eco ?
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luker.base.eth pfp
luker.base.eth
@oaktoebark
Blockchain GDP = TVC + SVC + FRC + NVC
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🌹 zach harris πŸ₯€ pfp
🌹 zach harris πŸ₯€
@zachharris.eth
In basedis points of course @jessepollak
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Ben - [C/x] pfp
Ben - [C/x]
@benersing
GCP (Gross Chain Product) = total value of all transactions + total fees paid + revenue generated onchain by associated dapps + TVL + validator rewards distribution
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ilemi pfp
ilemi
@ilemi
Would have made a great bytecast question if in /data next time! 😁
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CRYPTOforCHANGE ↑ pfp
CRYPTOforCHANGE ↑
@cryptoforchange
Well for starters nobody would ask me that question unless they were drunk high or both 🀣 🀣 🀣 But I would prolly start with... how big a stick you got?
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Cody pfp
Cody
@codymccauley.eth
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Jorge Pablo Franetovic 🎩 pfp
Jorge Pablo Franetovic 🎩
@jpfraneto.eth
through the speed of money flowing from hand to hand
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Mark Hilgenberg pfp
Mark Hilgenberg
@hilgi
Good question. I really hope we start tracking the amount of fees, staking/LP revenue and interest that actually goes to the users of the system?
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Wil S pfp
Wil S
@whs
Is GDP still a good measure of the economy? In countries with population declines (Asia, Europe, soon America), it doesn't perform well, whereas in India it does. Keeping in mind that the US dollar, the global currency, has most monetary decisions based on GDP
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Otaku pfp
Otaku
@0xotaku.eth
Onchain Transaction volume + Fees/Revenue generated from smart contract+ Onchain Investment(Token Issuance/Funding/NFTs)+ Net Onchain Bridging/Ramps
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Paranjay Agarwal pfp
Paranjay Agarwal
@parad1ddle
that's a mammoth task but definitely revolutionary. Be a good while before it might happen though. 50+ years I'd say
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