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# OKX Revenue Methodology

## 1. Overview

Revenue is measured as the total transaction fees retained by X Layer, representing the economic value generated from network activity. Both L2 execution fees and L1 data availability fees paid by users are included in this metric. The financial performance and demand for blockspace on the network are assessed using these revenue figures before any operational costs are deducted.

## 2. Data sources

- **Blockchain events**: Transaction execution logs and gas usage metadata from the X Layer network, covering X Layer
- **External data**: End-of-day price feeds for the native gas asset (OKB)

## 3. Step-by-step calculation

### Component A: Gas fee extraction

- **Purpose**: Calculate the total gas fees paid for transaction execution and L1 data posting
- **Logic**: For each transaction, L2 execution fees are calculated by multiplying the gas used by the gas price. L1 data fees are either extracted directly from the L1 fee field or calculated by multiplying the L1 gas used, L1 gas price, and the L1 fee scalar. Both fee components are summed to determine the total transaction fee in the native gas asset (OKB).
- **Key fields**: `gas_used`, `gas_price`, `l1_fee`, `l1_gas_used`, `l1_gas_price`, `l1_fee_scalar`

### Component B: USD conversion

- **Purpose**: Normalize fee values and convert them to USD
- **Logic**: Total transaction fees are normalized by the decimal precision of the native gas asset. The normalized amounts are then multiplied by the end-of-day price of OKB to obtain the USD value.
- **Key fields**: `fees`, `price_usd`

### Component C: Revenue allocation

- **Purpose**: Determine the revenue retained by the protocol
- **Logic**: Revenue is set to equal 100% of the total transaction fees (the sum of L2 execution fees and L1 data fees) collected on the network. The final values are aggregated daily using UTC day boundaries.
- **Key fields**: `revenue`, `timestamp`

*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.

OKXOKB

Revenue

Revenue

Competitive landscape

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