Liquidity providers deposit funds into ApeSwap and receive trading fees from traders (supply-side fees).

ApeSwap is a non-custodial exchange protocol built originally on BNB Chain. ApeSwap was founded by an anonymous team and launched in 2021.

BANANA tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

governance

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discord

etherscan

website

Exchanges (DEX)

ApeSwap

# ApeSwap Maximum token supply Methodology

## 1. Overview

The ApeSwap maximum token supply metric represents the theoretical maximum number of BANANA tokens that can ever exist according to ApeSwap's tokenomics design. This is a protocol-level constant defined at launch, not a calculated metric derived from blockchain activity. The metric answers the question: "What is the hard cap on ApeSwap's BANANA token supply?" and uses a simple static value assignment approach.

## 2. Data sources

The metric is based on:
- **Protocol documentation**: ApeSwap's official tokenomics specifications and smart contract parameters
- **Token launch parameters**: The predetermined maximum supply defined in ApeSwap's token design
- **Launch timestamp**: The official launch date of February 14, 2021

Unlike most blockchain metrics, this does not derive from on-chain transaction data but rather from the protocol's foundational design specifications.

## 3. Step-by-step calculation

### Component A: Static maximum supply definition
- **Purpose**: Establishes the hardcoded maximum token supply constant
- **Logic**: The maximum supply is set to exactly 420,000,000 BANANA tokens based on ApeSwap's tokenomics design. The launch timestamp is defined as February 14, 2021 at 00:00:00 UTC, marking when this maximum supply parameter became active. The data uses daily granularity for consistent time series reporting.
- **Key fields**: `timestamp` (launch date), `timestamp_grain` (daily), `token_supply_maximum` (420 million tokens)

### Final aggregation
- **Combining components**: No combination needed since this is a single static value
- **Currency conversion**: Not applicable as this represents token count, not monetary value
- **Time aggregation**: The fill-forward strategy ensures the maximum supply value of 420,000,000 is consistently available for all dates from the launch date forward
- **Final calculation**: The metric value is exactly 420,000,000 BANANA tokens for all dates since February 14, 2021, representing ApeSwap's theoretical maximum token supply as defined in their protocol specifications

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

Maximum number of tokens that can exist under the current token economics.

ApeSwapABOND

Maximum token supply

Maximum token supply

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