Trade count
Trade count measures the number of trades executed on a decentralized exchange. It shows how frequently users are buying or selling assets through the project.
Token Terminal
Top 10 projects by trade count
Sum of trade count for the last 365 days
Projects
Definition Project-specific | ||||
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Overview
Trade count measures the number of trades executed on a decentralized exchange. It shows how frequently users are buying or selling assets through the project.
Data sources
- Smart contract events and program instructions generated during swap and trade activities
- Off-chain API endpoints for order book metrics
- Asset metadata for trading pair identification
Common calculation approaches
Automated market maker (AMM) swap tracking
For automated market makers, trade counts are obtained by summing swap events or program instructions. For example, Swap events are extracted from pool contracts across Uniswap and PancakeSwap, while swap instructions are captured from programs on Meteora.
Order book fill tracking
For order book platforms, trade counts are derived from order fill events or API metrics. For instance, node fill events are captured from HyperCore infrastructure for tradeXYZ, while daily exchange metrics are ingested from APIs for Lighter.
Note: The calculation approaches and protocol examples above are representative patterns. Individual protocol implementations may vary.