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 Total value locked Methodology

## 1. Overview

The Alongside TVL metric measures the total value locked in the AMKT (Alongside Crypto Market Index) token. This metric represents the USD value of all outstanding AMKT tokens in circulation at any given time. The calculation tracks the net supply of AMKT tokens by monitoring mint and burn events on Ethereum, then converts the outstanding token amount to USD value using end-of-day price feeds.

## 2. Data sources

- **Ethereum Transfer events**: Parsed `Transfer` events for the AMKT token contract (`0xf17a3fe536f8f7847f1385ec1bc967b2ca9cae8d`) on Ethereum blockchain
- **End-of-day price feeds**: Token price data for USD conversion of AMKT tokens  
- **Token metadata**: Decimal place information for proper token amount calculation

## 3. Step-by-step calculation

### Component A: AMKT mint event extraction
- **Purpose**: Identifies all AMKT token mint events from blockchain data
- **Logic**: Extracts `Transfer` events for the AMKT token where the `from_address` is the null address (`0x0000000000000000000000000000000000000000`), indicating new tokens being minted into circulation. Each mint event captures the block timestamp, transaction hash, log index, token address, and transfer amount
- **Key fields**: `block_timestamp`, `transaction_hash`, `log_index`, `token_address`, `value` (amount minted)

### Component B: AMKT burn event extraction  
- **Purpose**: Identifies all AMKT token burn events from blockchain data
- **Logic**: Extracts `Transfer` events for the AMKT token where the `to_address` is the null address (`0x0000000000000000000000000000000000000000`), indicating tokens being burned or removed from circulation. Each burn event captures the same key transaction details as mint events
- **Key fields**: `block_timestamp`, `transaction_hash`, `log_index`, `token_address`, `value` (amount burned)

### Component C: Net outstanding token calculation
- **Purpose**: Calculates the net change in outstanding AMKT tokens over time
- **Logic**: Combines mint and burn events into a single dataset, treating mints as positive amounts and burns as negative amounts. Events are aggregated by day to calculate the daily net change in token supply. A cumulative sum is then calculated using a window function partitioned by chain and token address, ordered by timestamp, to determine the total outstanding tokens at each point in time
- **Key fields**: `timestamp` (daily), `chain`, `token_address`, `outstanding` (cumulative outstanding amount)

### Component D: Time series completion
- **Purpose**: Ensures continuous daily time series data with no gaps
- **Logic**: Forward-fills missing dates in the time series to ensure every day has an outstanding token value, carrying forward the last known outstanding amount for any missing dates
- **Key fields**: `timestamp`, `outstanding` (forward-filled values)

### Final aggregation
- **Combining components**: The outstanding token amounts from the time series completion step serve as the base TVL values
- **Currency conversion**: Outstanding token amounts are converted to USD using end-of-day price feeds, with proper decimal place correction applied based on token metadata
- **Time aggregation**: Data is aggregated at daily boundaries using timestamp truncation to day level
- **Final calculation**: The final TVL value equals the outstanding AMKT token amount multiplied by the end-of-day USD price per token, with decimal corrections applied. Missing values are filled with zeros using the fill_zeros strategy to maintain continuous time series data

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

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

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Total value locked

Total value locked

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