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 Revenue Methodology

## 1. Overview

Revenue for Alongside represents the total fees collected by the protocol through AMKT token minting to designated fee receivers. Alongside is a yield aggregator protocol operating on Ethereum, and this metric captures the protocol's revenue generation by tracking fee minting events. The calculation uses a direct approach where all collected fees are treated as revenue, providing insight into the protocol's income from its asset management operations.

## 2. Data sources

The calculation relies on the following raw data sources:
- **Ethereum event logs**: Parsed `IndexToken_MintFeeToReceiver` events from Alongside's IndexToken contract capturing fee minting activities
- **Ethereum event logs**: Parsed `Vault_VaultFeeMinted` events from Alongside's Vault contracts tracking vault-specific fee generation
- **End-of-day token price feeds**: USD price data for AMKT tokens to enable currency conversion
- **Token metadata**: Decimal precision data for proper token amount calculations

## 3. Step-by-step calculation

### Component A: Fee mint data collection
- **Purpose**: Extract all AMKT token minting events that represent fee collection
- **Logic**: Collect parsed event logs from two distinct Ethereum smart contract event types. The first captures `IndexToken_MintFeeToReceiver` events from the IndexToken contract, while the second captures `Vault_VaultFeeMinted` events from Vault contracts. Both event types track AMKT token minting to fee receivers, representing different mechanisms of fee collection within the protocol. Each event is standardized with business classification metadata including business line as "Asset management", market sector as "asset_management", and business segment as "yield_aggregator". The token address is set to the AMKT token address `0xf17a3fe536f8f7847f1385ec1bc967b2ca9cae8d`.
- **Key fields**: `block_timestamp` for timing, `transaction_hash` and `log_index` for event identification, `amount` field containing the raw token amount minted as fees

### Component B: Daily fee aggregation and USD conversion
- **Purpose**: Convert raw fee mint amounts to daily USD-denominated fee totals
- **Logic**: Aggregate the collected fee mint events by truncating timestamps to daily boundaries using day-level time truncation. Group events by timestamp, chain, market sector, business segment, product identifier, and token address. The raw token amounts are processed through decimal correction to account for AMKT token precision, then converted to USD values using end-of-day price feeds. The conversion process applies the appropriate exchange rate and decimal adjustments to produce accurate USD-denominated fee amounts.
- **Key fields**: `timestamp` truncated to daily boundaries, `fees` containing the USD-converted daily fee totals, `chain_id` identifying Ethereum as the blockchain

### Final aggregation
- **Combining components**: The processed daily fee data flows directly into the revenue calculation without additional aggregation steps
- **Currency conversion**: USD conversion occurs during the fee processing stage using end-of-day token price feeds with appropriate decimal corrections for AMKT tokens
- **Time aggregation**: All data is aggregated to daily boundaries through timestamp truncation, ensuring consistent daily revenue reporting
- **Final calculation**: Revenue equals the total daily fees collected, implementing a direct one-to-one mapping where all protocol fees are classified as revenue. The finalization process ensures data schema compliance, validates identifiers, and fills any gaps in the time series with zero values to maintain consistent daily reporting.

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

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

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