Fluent

Methodology

Network Revenue combines Network REV with USDnr Treasury Yield, with USDnr shown at par with USD. Network REV remains the user-paid L2 execution fees, split between base fees and priority fees.

L1 Operator Payments are the Ethereum costs Fluent pays to make L2 activity available and settle state on L1. Posting Cost covers L1 transactions used to publish rollup data and batch commitments. Blob Cost captures data availability paid through Ethereum blobs. Settlement Cost captures finalization, proof, and related settlement transactions.

Gross Profit is Network Revenue minus L1 Operator Payments, and Gross Margin is Gross Profit divided by Network Revenue. Treasury yield is included at par; no direct treasury-yield costs have been identified. Other distributions and operating expenses are excluded, so Gross Profit is not net income.