Web3 Revenue Collection

Metrics
#1

D4 DATA, the DAO building the Data Economy Index ($DATA), proposes the creation of a new collection tracking revenue for Web3 protocols named Web3 Revenue.

DeFi and Metaverse protocols have received much attention in the past year, but the critical Web3 infrastructure that powers them has flown under the radar! There is no unified source of data for Web3 protocols like Chainlink, Filecoin, The Graph, and others that power DeFi and Metaverse applications through data oracles, decentralized storage, indexers, and much more.

D4 DATA is the DAO for data. We are committed to maintaining and developing the Web3 Revenue collection as the lead maintainers of the project. We will work together with the CryptoStats community to ensure that Web3 Revenue is a trustworthy and freely available resource accessible to all.

Listing Criteria

The selection of the protocols included in the Web3 Revenue collection is based upon the following criteria:

  • Web3 Protocol: The protocol provides data-based services or products. It is not a DeFi, Metaverse, or NFT platform or application.

  • Data Reputation: The data feed for the protocol is sourced from an independent, respected institution like CoinMetrics, an open-source indexer such as a Graph Protocol subgraph, or via an API provided by the core team developing the protocol.

  • Data Veracity: The accuracy of the data feed is confirmed by either a member of the protocol’s core team or a core contributor to D4 DATA or both.

  • Data Velocity: The data feed for the protocol is updated on at least a monthly basis.

  • History: Protocol must have at least three months history of operation.

Listing Process

  • Listing decisions are made by the D4 DATA core team in accordance with the Listing Criteria above.

  • The D4 DATA core team maintains and updates the Listing Criteria with input from the CryptoStats community.

Definitions

  • Protocol Revenue: Revenue accrued directly to token holders. Protocol revenue accrues to holders via a protocol controlled treasury, dividend payments, or via burn or buyback mechanisms that reduce the amount of tokens in circulation.

  • Supply-Side Revenue: Revenue earned by protocol service providers.

  • Total Revenue: Total fees paid by users for using products or services provided by the protocol.