jesse.base.eth 🔵 on Warpcast

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jesse.base.eth 🔵 pfp

jesse.base.eth 🔵

calling all bytecasts: how would you measure onchain GDP? https://warpcast.com/jessepollak/0x04314306

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paulx.eth pfp

measuring onchain GDP: https://dune.com/queries/3727282 assumptions: scope = ethereum's onchain economy (in the past 24hrs), ppl pay 'fees' to access services on ethereum (trade, pay, collect, game, hedge, yield etc). ethereum's 'burn' keeps inflation in check, attracting foreign direct investment.

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I made a dashboard, it could be an approach: https://public.tableau.com/views/Base_17156307271090/Dashboard1?:language=en-US&:sid=&:display_count=n&:origin=viz_share_link

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Yele | Onboard 🌐 pfp

Yele | Onboard 🌐

I’ll look at total transaction volume sent to addresses (excluding trading) within the base ecosystem within a specific time period. Money has to be “spent” or “received” to qualify. I’m actually interested in knowing what this number is for Base

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Saumya Saxena pfp

@whyshock how would you do it?

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ivc pfp

@geoffgolberg wdyt?

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kbc pfp

Primary GDP: Volume of transactions X price of transactions Secondary GDP: resales of NFTs What do we do with gas? Is it like VAT? Or a service fee? I'll see it should be part of L1's "GDP"

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ilemi pfp

adding a @bountybot 50 USDC bounty for the best bytexplorer answer (within 6 days). I'll decide on the winner, answer must at least include a chart/query and cannot just be a text explanation.

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paulx.eth pfp

starting with ethereum, i'd gauge *fees* earned from "goods and services" borrowing from econ concepts of a country's GDP. 'services' _enables_ include: - trade (DEX) - payments (stablecoins) - digital ownership (NFTs) - hedging (derivatives, insurance) - experimentation (L2s) - gaming - securing network (LST) etc

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twinFin pfp

Tokens are the ultimate value capturer, so I would sum all the token's last traded value for a given time (1mo?) The traditional measure would be Tx volume, gas fee feels more like revenue/profit Must be easier for govs to calculate GDP w all of us labeled 🤣

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AZ ⊙ pfp

"GDP is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries/(protocol or protocols)" Using the traditional definition - onchain GDP should measure total 'received funds' for goods and services built on base.

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Njal pfp

I would say that you have to figure out what is paid for onchain services and goods, use one currency to value them (e.g. BTC or USD) and define if you see a whole ecosystem (L1, L2, L3, etc.) as 'one country', each different token, or some other choices depending on usages of these figures.

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@squirrellyverse

Figuring onchain GDP will be as much an art as it is a science.

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