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Blockchains (L2)

Boba Network

# Boba Network Revenue Methodology

## 1. Overview

Boba Network revenue represents the total fees collected by the Boba Network Layer 2 blockchain from user transactions. This metric directly equates network fees with revenue, capturing both Layer 2 execution fees and Layer 1 data availability fees that users pay for transaction processing. The calculation aggregates daily fee collections from all network activity and converts them to USD for standardized reporting.

## 2. Data sources

- **Boba Network transaction records**: Complete transaction data including gas usage metrics, gas prices, and Layer 1 fee components
- **End-of-day price feeds**: ETH price data used to convert ETH-denominated fees to USD values  
- **Token metadata**: ETH token information providing decimal place specifications for unit conversions

## 3. Step-by-step calculation

### Component A: Transaction data extraction
- **Purpose**: Retrieve and standardize raw transaction data from Boba Network
- **Logic**: Extract all Boba Network transactions with relevant gas and fee fields. Cast key fields to appropriate data types including `block_timestamp`, `transaction_hash`, addresses, gas usage metrics (`gas_used`, `gas_price`), and Layer 1 fee components (`l1_gas_used`, `l1_gas_price`, `l1_fee_scalar`, `l1_fee`). Set the token address to ETH's standard identifier and chain identifier to 'bobanetwork'
- **Key fields**: `gas_used`, `gas_price`, `l1_gas_used`, `l1_gas_price`, `l1_fee_scalar`, `l1_fee`, `block_timestamp`

### Component B: Gas fee calculation  
- **Purpose**: Calculate total daily gas fees including both Layer 2 execution costs and Layer 1 data availability costs
- **Logic**: Group transactions by day using timestamp truncation. Calculate Layer 2 gas fees by multiplying `gas_used` by `gas_price` and dividing by 1e18 to convert from wei to ETH units. Calculate Layer 1 gas fees using a fallback approach - if direct `l1_fee` is available, use that value divided by 1e18, otherwise calculate as (`l1_gas_used` × `l1_gas_price` × `l1_fee_scalar`) ÷ 1e18. Sum both fee components by day to get total daily fee amounts
- **Key fields**: `l2_gas_fee` (calculated), `l1_gas_fee` (calculated or direct), `timestamp` (daily)

### Component C: USD conversion
- **Purpose**: Convert ETH-denominated fees to USD values using market prices
- **Logic**: Apply the convert_to_usd_and_correct_decimals macro to the total fee amounts. This joins daily fee data with end-of-day ETH price feeds and multiplies fee amounts by the corresponding ETH price to get USD-denominated values. No decimal correction is applied since the fee amounts are already in proper ETH units
- **Key fields**: `fees` (in USD)

### Final aggregation
- **Combining components**: The daily USD fee amounts are treated directly as revenue with no additional processing or aggregation
- **Currency conversion**: ETH fees are converted to USD using end-of-day price feeds applied at the daily level  
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation to day level
- **Final calculation**: Revenue equals the total daily USD value of Layer 2 execution fees plus Layer 1 data availability fees collected by the Boba Network

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

Boba NetworkBOBA

Revenue

Revenue

Competitive landscape

Chain breakdown