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How Is the Total Value of Network Services (PQ) Estimated for a Layer 1 Blockchain?

PQ is estimated by total transaction volume, including value transferred and fees paid, representing the network's economic output.
Greeks.Live16.11.25

How Is the Total Value of Network Services (PQ) Estimated for a Layer 1 Blockchain?

The total value of network services (PQ) for a Layer 1 blockchain is an estimate of the total economic activity facilitated by the network. It is typically measured by the total transaction volume, including value transferred, smart contract interactions, and the fees paid.

This metric attempts to quantify the real economic output or Gross Value Added (GVA) of the blockchain. For valuation, analysts must forecast the future growth of this activity, often by comparing the network's potential to existing, more mature financial or data-processing systems.

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