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paulx.eth
@paulx
thinking about this question from Jesse https://warpcast.com/jessepollak/0x2842a200 work shopping an approach 🚧 👉 https://dune.com/paulapivat/onchain-gdp
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paulx.eth
@paulx
Given little consensus on a definition, a straight forward start could be: "Fees users pay to access services onchain" Here are fees users paid in the past year to access services on Ethereum. `gas.fees` courtesy of @dune.eth spell from @soispoke
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paulx.eth
@paulx
That's roughtly $2.7 billion in fees paid by users to interact with various contracts on Ethereum. I tried categorizing contracts into "sectors" contributing to GDP, from this perspective, the heavy contributors to Ethereum's GDP are: 1. DEXs (& Aggregators) 2. L2s 3. Stablecoins 4. Access to RWAs and Treasuries
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paulx.eth
@paulx
Continuing with this analogy of "chains" as country, @ilemi floated the idea of proxying trade between trade, so i queried value flow IN and OUT of Ethereum on various bridges as a proxy for trade. - $19.8B bridged out, $15.8B bridged in - Ethereum's largest "trade partners" are Arbitrum One, Polygon & Optimism
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paulx.eth
@paulx
What else should go into measuring Onchain GDP?
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paulx.eth
@paulx
s/o to @michael-nadeau who published The DeFi Report https://thedefireport.io/ This report inspired my thinking around categorizing contracts into "sectors" above.
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jesse.base.eth 🔵
@jessepollak
cc @jconorgrogan @kabir who are thinking about this!
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