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 Treasury Methodology

## 1. Overview

The Alongside treasury metric measures the total USD value of all tokens held in Alongside's treasury wallet on a daily basis. This metric tracks the protocol's treasury holdings by calculating the dollar value of token balances across all assets held in the designated treasury address. The calculation processes token balance changes from blockchain events, maintains running cumulative balances, and converts to USD using end-of-day pricing data.

## 2. Data sources

- **Ethereum token events**: Parsed `Transfer` events and transaction traces from Ethereum that affect token balances for the treasury address
- **Transaction data**: Ethereum transaction records and internal transaction traces that modify token balances
- **Token price feeds**: End-of-day token price data providing USD values for each token
- **Token metadata**: Token information including symbols, decimal places, and contract addresses for proper balance calculations

## 3. Step-by-step calculation

### Component A: Token balance changes
- **Purpose**: Tracks all token balance changes for Alongside's treasury address on Ethereum
- **Logic**: Processes blockchain events to identify balance changes for the specific treasury address `0xc19a5b6e0a923519603985153515222d59cb3f2e`. The system analyzes `Transfer` events, transaction traces, and other balance-affecting activities to capture increases and decreases in token holdings. Each balance change is recorded with timestamp, token address, and net change amount.
- **Key fields**: `timestamp` for when the balance change occurred, `account_address` for the treasury wallet, `token_address` identifying the specific token, `balance` representing the net change in token quantity

### Component B: Cumulative balance calculation  
- **Purpose**: Maintains running totals of token holdings over time for each asset
- **Logic**: Applies cumulative sum calculations to the balance changes, partitioned by timestamp grain, chain, account address, and token address. This creates running balances that reflect the total quantity of each token held at any given time. The cumulative calculation ensures that each day's balance includes all prior transactions.
- **Key fields**: `balance` now represents the cumulative token quantity held rather than just the change

### Component C: Forward-filling missing periods
- **Purpose**: Ensures continuous daily balance records even when no transactions occur
- **Logic**: Uses forward-filling logic to propagate the most recent balance value to subsequent days when no balance changes occurred. This maintains data continuity and ensures treasury values are available for every day, not just days with transaction activity.
- **Key fields**: Maintains all existing fields while filling gaps in the time series

### Component D: USD conversion
- **Purpose**: Converts token quantities to USD values using daily pricing data
- **Logic**: Joins token balances with end-of-day price feeds to calculate USD values. Multiplies each token's balance quantity by its corresponding USD price on each date. Only includes records where balances are positive and price data is available. Filters out zero or negative balances to focus on actual holdings.
- **Key fields**: `amount` containing the USD value of each token holding, calculated as balance multiplied by `price_usd`

### Final aggregation
- **Combining components**: Aggregates USD values across all tokens held by the treasury address to produce a single daily treasury value
- **Currency conversion**: Uses end-of-day token prices to ensure consistent valuation timing across all assets
- **Time aggregation**: Maintains daily granularity with each record representing the total treasury value on a specific date
- **Final calculation**: Sums the USD values of all positive token balances to determine the total treasury value, applying zero-fill strategy for periods with no holdings to maintain continuous time series data

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

Total value of a project's onchain treasury, including its native token.

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