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, 9-15-25: begin rolling out changes incrementally, starting with top protocols (AERO, PENDLE, CRV, and a few more)
  • Week of Mon, 9-22-25: roll out changes to all protocols. 
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
ProtocolStatusComment
aaveNot Updated
abstractNot Updated
acalaNot Updated
aerodromeNot Updated
akashNot Updated
algorandNot Updated
aptosNot Updated
arbitrumNot Updated
avalancheNot Updated
axelarNot Updated
balancerNot Updated
bananagunNot Updated
baseNot Updated
berachainNot Updated
bitcoinNot Updated
blastNot Updated
bobNot Updated
bonkNot Updated
braintrustNot Updated
bscNot Updated
cardanoNot Updated
celoNot Updated
chainlinkNot Updated
chilizNot Updated
collector_cryptNot Updated
confluxNot Updated
convexNot Updated
cosmoshubNot Updated
curveNot Updated
decentralandNot Updated
driftNot Updated
dydxNot Updated
ensNot Updated
ethenaNot Updated
ethereumNot Updated
etherfiNot Updated
fantomNot Updated
flareNot Updated
flowNot Updated
footballdotfunNot Updated
gains-networkNot Updated
geodnetNot Updated
gmxNot Updated
gnosisNot Updated
goldfinchNot Updated
graphNot Updated
heavenNot Updated
hederaNot Updated
heliumNot Updated
hivemapperNot Updated
hyperliquidNot Updated
injectiveNot Updated
internet-computerNot Updated
iotexNot Updated
jitoNot Updated
jupiterNot Updated
kaminoNot Updated
leoNot Updated
letsbonkNot Updated
lidoNot Updated
liquityNot Updated
litecoinNot Updated
magicedenNot Updated
makerNot Updated
mantleNot Updated
mapleNot Updated
marinadeNot Updated
metaplexNot Updated
morphoNot Updated
mythosNot Updated
nearNot Updated
ondoNot Updated
optimismNot Updated
orcaNot Updated
osmosisNot Updated
pancakeswapNot Updated
pendleNot Updated
perpetual-protocolNot Updated
polkadotNot Updated
polygonNot Updated
polygon_zkNot Updated
pumpfunNot Updated
raydiumNot Updated
renderNot Updated
reserveNot Updated
rippleNot Updated
rocketpoolNot Updated
scrollNot Updated
seiNot Updated
solanaNot Updated
stargateNot Updated
starknetNot Updated
stellarNot Updated
storyNot Updated
strideNot Updated
suiNot Updated
sushiswapNot Updated
synthetixNot Updated
syrupNot Updated
tonNot Updated
trader_joeNot Updated
tronNot Updated
uniswapNot Updated
usualNot Updated
virtualsNot Updated
worldchainNot Updated
zksyncNot Updated
zoraNot Updated