Sectors
We cover metrics in the following sectors: Perpetual Exchanges, Decentralized Exchanges, Lending Protocols and Liquid Staking.Perpetual Exchanges
| Metric Definition | Methodology | Source | Excel Metric Name |
|---|---|---|---|
| Trading Volume | Using FillOrder or equivalent event, sum the amount traded each day or pulled directly from APIs provided by each protocol. | On-chain events or API | TRADING_VOLUME |
| Unique Traders | Daily unique trading address on the protocol. | Unique addresses that initiate a FillOrder or equivalent event from the set of exchange contracts associated with a protocol or pulled directly from protocol API. | UNIQUE_TRADERS |
Decentralized Exchanges
| Metric Definition | Methodology | Source | Excel Metric Name |
|---|---|---|---|
| Trading Volume | Trading volume is filtered using a blacklist to remove pools that trade tokens that do not follow the ERC-20 standard as well as are extremely illiquid and not able to be properly priced. | On-chain events | DEX_VOLUMES |
| TVL | TVL is filtered using a blacklist to remove pools that trade tokens that do not follow the ERC-20 standard as well as are extremely illiquid and not able to be properly priced. | On-chain events | TVL |
| Fees | Trading fees are filtered using a blacklist to remove pools that trade tokens that do not follow the ERC-20 standard as well as are extremely illiquid and not able to be properly priced. | On-chain events | FEES |
| Unique Traders | Unique addresses that initiate a swap or equivalent event from the set of exchange contracts associated with a protocol. | On-chain events | UNIQUE_TRADERS |
Lending Protocols
| Metric Definition | Methodology | Source | Excel Metric Name |
|---|---|---|---|
| Deposits | The amount of deposited funds in the protocol in USD. | Query an archive node getting total outstanding borrows directly from the contracts associated with the protocol. | DEPOSITS |
| Borrows | The amount of funds owed to the protocol in USD. | Query an archive node getting total supply of funds directly from the contracts associated with the protocol. | BORROWS |
Liquid Staking
| Metric Definition | Methodology | Source | Excel Metric Name |
|---|---|---|---|
| Staked ETH | The amount of staked ETH in the protocol. | Query an archive node getting total supply of ETH directly from the contracts associated with the protocol. | STAKED_ETH |
| Staked ETH Inflow | The amount of newly deposited ETH into the protocol | Calculate the daily change of ETH supplied from Staked ETH. | STAKED_ETH_INFLOW |