1/ We’ve created an entirely new metric to measure the total size and economic activity of blockchains.
It is flexible and widely applicable to chains with various use cases and user behaviors.
It also has a strong relationship with Market Cap:
2/ Introducing TEA: Total Economic Activity
TEA = Chain Fees & MEV + Settlement Volume + Application Fees
3/ While there have been numerous attempts to measure and value blockchains in the past, we believe looking at blockchains as individual economies is the correct framework.
4/ All core on-chain actions are captured and measured by TEA.
TEA provides a standardized metric to evaluate, contextualize, and compare the size of these digital economies over time.
5/ For more on TEA, including our findings across several major chains, check out the full post:
31.56K
25
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.