Gravity Alpha batches users' transactions and submits them to Ethereum, paying a share of the transaction fees to Ethereum validators (expense).

Gravity Alpha is an L2 smart contract platform for decentralized applications on Ethereum. Gravity Alpha was founded by Galxe and launched in 2024.

G tokenholders own and govern the protocol. Galxe's investors include Arbitrum Foundation, Multicoin Capital, Dragonfly Capital, etc.

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Blockchains (L2)

Gravity Alpha Mainnet

# Gravity Alpha Mainnet Revenue Methodology

## 1. Overview

Revenue for Gravity Alpha represents the total gas fees collected by the blockchain network, converted to USD. This metric measures the monetary value generated by the network through transaction processing fees paid by users. The calculation follows a straightforward approach: extract gas fees from all transactions, aggregate them daily, convert to USD using G token prices, and treat the total fees as network revenue.

## 2. Data sources

The calculation relies on two primary raw data sources:

- **Blockchain transaction data**: Raw transaction records from the Gravity Alpha blockchain containing gas usage metrics, gas prices, transaction hashes, addresses, and timestamps
- **Token price feeds**: End-of-day G token price data from CoinGecko providing USD conversion rates for the native Gravity Alpha token

## 3. Step-by-step calculation

### Component A: Transaction processing
- **Purpose**: Extracts and processes raw blockchain transactions to identify gas usage and pricing
- **Logic**: Retrieves all transactions from the Gravity Alpha blockchain, capturing key transaction details including `block_timestamp`, `transaction_hash`, `from_address`, `to_address`, gas pricing (`receipt_effective_gas_price`), and gas consumption (`receipt_gas_used`). Sets the token address to the hardcoded Gravity Alpha token address `0xbb859e225ac8fb6be1c7e38d87b767e95fef0ebd` and token symbol as 'G'. Classifies all transactions under the 'blockchains_l2' market sector and 'blockchain' business segment
- **Key fields**: `gas_price` (effective gas price paid), `gas_used_amount` (total gas consumed), `block_timestamp` (transaction timing), and transaction identification fields

### Component B: Gas fee calculation
- **Purpose**: Calculates the actual fee amount paid for each transaction in native G tokens
- **Logic**: Applies the standard gas fee formula by multiplying `gas_used_amount` by `gas_price` and dividing by 1e18 to convert from wei units to G token units. This produces the `gas_fee_amount` representing the native token cost of each transaction
- **Key fields**: `gas_fee_amount` (calculated as gas_used_amount × gas_price ÷ 1e18)

### Component C: Daily aggregation
- **Purpose**: Aggregates individual transaction fees into daily totals
- **Logic**: Groups transactions by day using timestamp truncation to daily boundaries. Sums all `gas_fee_amount` values for each day to produce total daily fees. Maintains grouping by chain, market sector, business segment, product, and token address for proper categorization
- **Key fields**: `timestamp` (daily boundary), `fees` (sum of all gas fees for the day)

### Component D: USD conversion
- **Purpose**: Converts native token fees to USD values using market prices
- **Logic**: Joins daily fee totals with corresponding G token prices from CoinGecko end-of-day price feeds. Matches fees and prices by timestamp to ensure accurate daily conversion rates. Multiplies native token fee amounts by the USD price to produce dollar-denominated fee values
- **Key fields**: `price` (G token USD price), `fees` (USD-converted fee amounts)

### Component E: Metric standardization
- **Purpose**: Applies Token Terminal's standard metric schema and data quality processes
- **Logic**: Uses the `finalize_metric_fees` macro to standardize the data schema, validate identifiers, and implement a zero-fill strategy for any missing data points. This ensures consistent formatting and complete time series data
- **Key fields**: Standardized metric fields including timestamps, chain identifiers, and USD fee amounts

### Final aggregation
- **Combining components**: The final revenue metric directly takes the standardized USD fee amounts from the fees calculation without additional aggregation
- **Currency conversion**: Fees are converted to USD using end-of-day G token prices from CoinGecko, with conversion happening at the daily aggregation level
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation, with all transactions within a calendar day contributing to that day's revenue total
- **Final calculation**: Revenue equals the sum of all gas fees paid on the Gravity Alpha blockchain for each day, converted to USD. The formula is: Revenue = Σ(gas_used × gas_price ÷ 1e18 × G_token_price_USD) for all transactions in the day

*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.

Gravity Alpha MainnetG

Revenue

Revenue

Competitive landscape

Chain breakdown