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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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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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 🌐

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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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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@whyshock how would you do it?

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@geoffgolberg wdyt?

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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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"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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@squirrellyverse

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

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