Data

A set of potential chain-level demand metrics:

- [ What we're trying to measure: Proxy metric ]

- Fees paid to the chain (operators, validators, etc): Gas fees
- Fees paid by users to execute transactions: Gas fees + external priority fee apps (REV)
- Fees paid by users to do anything onchain: Gas fees + all app fees? (ext. priority fees, DEX LPs, interest, etc... need a name for this)

All have some argument pro and con. I think all the hooplah is just different groups just want to measure different things for different purposes.

Idk if any is "best" yet, I'll probably just do all of them, because you can (with Defillama data).

data @ op labs, building @optimism 🔴✨ | go /gators 🐊  | casts are my own things | msilb7.com

what do you think of app DAUs - fees is kind of like the today revenue metric. but app DAU captures more around utility as chains work once apps thrive ( assuming the fees paid per txn keeps going down)

Fees are definitely a good proxy for demand. Will dive more into these metrics.

Thanks for sharing 👏