Alongside’s first product is AMKT - a market cap weighted basket of the top 15 cryptoassets, rebalanced and reconstituted quarterly. AMKT is designed to enable broad based exposure to the crypto market with a single token.

Alongside is an asset management protocol built on Ethereum. Alongside was founded by Austin Diamond, Gauthier Le Meur, Jun Ho Hong, Ratan (Rai) Sur and launched in 2022.

Alongside is the software provider to to AMKT DAO, which governs AMKT. The AMKT DAO is responsible for creating and maintaining the AMKT Benchmark, a benchmark tracking the crypto-asset market. The DAO is composed of two bodies – the holders of the first implementation of the Benchmark (the AMKT Token), and a set of AMKT Governance Stewards. The AMKT DAO currently charge a management fee which is captured through inflation (revenue). Alongside’s investors include a16z, Coinbase Ventures and Franklin Templeton.

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# Alongside Capital deployed Methodology

## 1. Overview

Capital deployed for Alongside represents the total value of outstanding AMKT tokens in USD. This metric measures the aggregate capital managed by the Alongside protocol by tracking the net supply of AMKT tokens (mints minus burns) and converting the outstanding supply to USD value. The calculation treats Total Value Locked (TVL) as equivalent to capital deployed, since outstanding AMKT tokens represent the capital actively deployed in the protocol's asset management strategies.

## 2. Data sources

The calculation relies on several key data sources:

- **Ethereum token transfer events**: Parsed `Transfer` events for the AMKT token contract (`0xf17a3fe536f8f7847f1385ec1bc967b2ca9cae8d`) to identify mint and burn operations
- **End-of-day token price feeds**: Price data for AMKT tokens to enable USD conversion
- **Token metadata**: Token decimal precision information for proper unit conversion from raw blockchain values

## 3. Step-by-step calculation

### Component A: AMKT mint tracking
- **Purpose**: Identifies when new AMKT tokens are minted and enter circulation
- **Logic**: Extracts Ethereum token transfer events where the `from_address` is the null address (`0x0000000000000000000000000000000000000000`) and the `token_address` matches the AMKT contract address. These transfers represent newly minted tokens entering circulation. Each mint event captures the `block_timestamp`, `transaction_hash`, `log_index`, and token `value` transferred.
- **Key fields**: `block_timestamp` for timing, `value` for mint amount, `token_address` for token identification, and standardized metadata including chain (`ethereum`), business line (`Asset management`), and account classification (`AMKT`)

### Component B: AMKT burn tracking  
- **Purpose**: Identifies when AMKT tokens are burned and removed from circulation
- **Logic**: Extracts Ethereum token transfer events where the `to_address` is the null address (`0x0000000000000000000000000000000000000000`) and the `token_address` matches the AMKT contract address. These transfers represent tokens being permanently removed from circulation. Each burn event captures the same transaction details as mints.
- **Key fields**: `block_timestamp` for timing, `value` for burn amount, `token_address` for token identification, and identical metadata structure as mint events

### Component C: Outstanding supply calculation
- **Purpose**: Calculates the net outstanding AMKT token supply over time
- **Logic**: Combines mint and burn events into a unified dataset, treating mint amounts as positive values and burn amounts as negative values. Daily aggregation sums the net change in supply for each day using `timestamp_trunc` to group by day. A cumulative sum calculation using window functions tracks the running total of outstanding tokens over time, partitioned by chain and token address and ordered by timestamp.
- **Key fields**: `timestamp` for daily boundaries, `outstanding` for cumulative supply, and dimensional attributes for partitioning

### Component D: Time series continuity
- **Purpose**: Ensures continuous daily time series without gaps
- **Logic**: Applies forward-filling logic to populate missing dates with the last known outstanding supply value. This ensures the metric maintains continuity even when no mint or burn events occur on specific dates.
- **Key fields**: All dimensional fields are preserved while `outstanding` values are forward-filled across time gaps

### Final aggregation
- **Combining components**: The outstanding AMKT supply serves as the base value for TVL calculation
- **Currency conversion**: Outstanding token amounts are converted to USD using end-of-day price feeds, with decimal correction applied to convert from raw blockchain units to human-readable token amounts  
- **Time aggregation**: Daily aggregation maintains daily timestamp grain with forward-filling to ensure complete time series
- **Final calculation**: The TVL value (outstanding AMKT supply in USD) is directly used as the capital deployed metric, representing the total value of capital managed by the Alongside protocol. Finalization macros apply schema standardization and gap-filling with a fill_zeros strategy for missing data points.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

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