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Onchain Economy

Definition

The onchain economy refers to all economic activities, transactions, and value transfers that occur directly on a blockchain ledger. This encompasses decentralized finance applications, non-fungible token marketplaces, and various other protocols where operations are transparently recorded and executed by smart contracts. It represents a shift from traditional off-chain financial systems to a digitally verifiable and programmable financial infrastructure. The onchain economy prioritizes transparency and immutability.