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Artemis is making a push to a new standard revenue definition that reflects the real way investors value crypto protocols. You will find all relevant information here regarding the timeline for this migration, the metrics that are affected, their definitions, and a full list of all affected protocols. Updated Metric: REVENUE Value accrued to tokenholders via fees accrued to a treasury, burns, buybacks and burns, or direct fee distributions to tokenholders (including active and passive tokenholders). These must be derived from the protocol’s core operations on a recurring basis.  New Metric: ACTIVE_REVENUE The portion of revenue that you have a claim to as an active, participating holder of a token. For instance, as a staker of ETH or SOL you have claims on the economic benefits generated by burned base fees, as well as priority fees. New Metric: PASSIVE_REVENUE The portion of revenue that you have a claim to as a passive, vanilla tokenholder. For instance, as a holder of unstaked ETH or SOL, you have claims on the economic benefits generated via token burns, but not priority fees.  Timeline for changes
  • Fri, 9-12-25: publish article (link)
  • Week of Mon, 9/15: Development for Tranche 1 begins.
  • Week of Mon, 9/22: Roll out Tranche 1. Development for Tranche 2 begins.
  • Week of Mon 9/29: Roll out Tranche 2. Development for Tranche 3 begins.
  • Week of Mon 10/6: Roll out Tranche 3.
Once the changes are rolled out, the existing REVENUE metric will adopt the new methodologies and historical revenue data will be restated using the new methodology. Users can expect to see changes in historical revenue figures for protocols with significant staking/active participation components, particularly for assets like ETH, SOL, CRV, and AERO.”  To maintain continuity for existing dashboards and analyses, the legacy revenue definition will remain available as PASSIVE_REVENUE. Users who want to preserve their current metrics should update their queries to use PASSIVE_REVENUE instead of REVENUE starting on 09-22-25. Protocol List and Status Status: Updated
ProtocolStatusTranche
aaveUpdatedTranche 1 (9/22)
acalaUpdatedTranche 3 (10/6)
aerodromeUpdatedTranche 1 (9/22)
akashUpdatedTranche 1 (9/22)
algorandUpdatedTranche 1 (9/22)
axelarUpdatedTranche 1 (9/22)
blastUpdatedTranche 2 (9/29)
bobUpdatedTranche 2 (9/29)
bonkUpdatedTranche 2 (9/29)
braintrustUpdatedTranche 2 (9/29)
bscUpdatedTranche 2 (9/29)
cardanoUpdatedTranche 2 (9/29)
celoUpdatedTranche 2 (9/29)
decentralandUpdatedTranche 2 (9/29)
ethenaUpdatedTranche 2 (9/29)
collector_cryptUpdatedTranche 1 (9/22)
flareUpdatedTranche 2 (9/29)
geodnetUpdatedTranche 2 (9/29)
curveUpdatedTranche 1 (9/22)
convexUpdatedTranche 3 (10/6)
driftUpdatedTranche 3 (10/6)
ethereumUpdatedTranche 3 (10/6)
flowUpdatedTranche 3 (10/6)
gnosisUpdatedTranche 3 (10/6)
goldfinchUpdatedTranche 3 (10/6)
graphUpdatedTranche 3 (10/6)
heavenUpdatedTranche 3 (10/6)
hederaUpdatedTranche 3 (10/6)
heliumUpdatedTranche 3 (10/6)
hivemapperUpdatedTranche 3 (10/6)
confluxUpdatedTranche 2 (9/29)
hyperliquidUpdatedTranche 2 (9/29)
injectiveUpdatedTranche 2 (9/29)
internet-computerUpdatedTranche 2 (9/29)
iotexUpdatedTranche 2 (9/29)
jitoUpdatedTranche 2 (9/29)
kaminoUpdatedTranche 2 (9/29)
letsbonkUpdatedTranche 2 (9/29)
lidoUpdatedTranche 2 (9/29)
litecoinUpdatedTranche 2 (9/29)
magicedenUpdatedTranche 2 (9/29)
mantleUpdatedTranche 2 (9/29)
jupiterUpdatedTranche 1 (9/22)
makerUpdatedTranche 1 (9/22)
optimismUpdatedTranche 2 (9/29)
orcaUpdatedTranche 2 (9/29)
perpetual-protocolUpdatedTranche 2 (9/29)
polkadotUpdatedTranche 2 (9/29)
polygonUpdatedTranche 2 (9/29)
pancakeswapUpdatedTranche 1 (9/22)
pendleUpdatedTranche 1 (9/22)
polygon_zkUpdatedTranche 2 (9/29)
raydiumUpdatedTranche 2 (9/29)
renderUpdatedTranche 2 (9/29)
pumpfunUpdatedTranche 1 (9/22)
rippleUpdatedTranche 2 (9/29)
rocketpoolUpdatedTranche 2 (9/29)
solanaUpdatedTranche 1 (9/22)
sushiswapUpdatedTranche 2 (9/29)
synthetixUpdatedTranche 2 (9/29)
syrupUpdatedTranche 2 (9/29)
tonUpdatedTranche 2 (9/29)
trader_joeUpdatedTranche 2 (9/29)
tronUpdatedTranche 1 (9/22)
uniswapUpdatedTranche 2 (9/29)
usualUpdatedTranche 2 (9/29)
virtualsUpdatedTranche 2 (9/29)
worldchainUpdatedTranche 2 (9/29)
zoraUpdatedTranche 2 (9/29)
Status: Not Updated
ProtocolStatusTranche
abstractNot UpdatedTranche 3 (10/6)
aptosNot UpdatedTranche 3 (10/6)
arbitrumNot UpdatedTranche 3 (10/6)
avalancheNot UpdatedTranche 3 (10/6)
balancerNot UpdatedTranche 3 (10/6)
bananagunNot UpdatedTranche 3 (10/6)
baseNot UpdatedTranche 3 (10/6)
berachainNot UpdatedTranche 3 (10/6)
bitcoinNot UpdatedTranche 3 (10/6)
gmxNot UpdatedTranche 3 (10/6)
chainlinkNot UpdatedTranche 3 (10/6)
leoNot UpdatedTranche 3 (10/6)
liquityNot UpdatedTranche 3 (10/6)
chilizNot UpdatedTranche 3 (10/6)
cosmoshubNot UpdatedTranche 3 (10/6)
dydxNot UpdatedTranche 3 (10/6)
etherfiNot UpdatedTranche 3 (10/6)
footballdotfunNot UpdatedTranche 3 (10/6)
mapleNot UpdatedTranche 3 (10/6)
marinadeNot UpdatedTranche 3 (10/6)
metaplexNot UpdatedTranche 3 (10/6)
morphoNot UpdatedTranche 3 (10/6)
mythosNot UpdatedTranche 3 (10/6)
nearNot UpdatedTranche 3 (10/6)
ondoNot UpdatedTranche 3 (10/6)
osmosisNot UpdatedTranche 3 (10/6)
reserveNot UpdatedTranche 3 (10/6)
ensNot UpdatedTranche 3 (10/6)
fantomNot UpdatedTranche 3 (10/6)
gains-networkNot UpdatedTranche 3 (10/6)
scrollNot UpdatedTranche 3 (10/6)
seiNot UpdatedTranche 3 (10/6)
stargateNot UpdatedTranche 3 (10/6)
starknetNot UpdatedTranche 3 (10/6)
stellarNot UpdatedTranche 3 (10/6)
storyNot UpdatedTranche 3 (10/6)
strideNot UpdatedTranche 3 (10/6)
suiNot UpdatedTranche 3 (10/6)
zksyncNot UpdatedTranche 3 (10/6)
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