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

APX Finance is a non-custodial exchange for perpetual contracts built on BNB Chain, Arbitrum, and Base.

APX tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). APX's investors include Binance Labs, Kronos Research, etc.

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Derivative exchanges

APX V2

# APX V2 Maximum token supply Methodology

## 1. Overview

The ApolloX maximum token supply metric represents the theoretical upper limit of ApolloX tokens that can ever exist according to the protocol's tokenomics design. This is a static metric that maintains a constant value of 10 billion tokens from the project's launch date forward. The metric provides a reference point for understanding the token's scarcity and total addressable supply within the ApolloX ecosystem.

## 2. Data sources

The calculation relies on:
- **Project documentation**: ApolloX tokenomics specifications and official project documentation that define the maximum token supply
- **Technical specifications**: Protocol design documents or whitepapers that establish the token supply parameters
- **Launch date information**: Official project launch date from ApolloX documentation

This metric does not require blockchain event data since the maximum supply is a predetermined value set by the protocol's design rather than derived from on-chain activities.

## 3. Step-by-step calculation

### Component A: Maximum supply configuration
- **Purpose**: Define the fixed maximum token supply value and establish the time series parameters
- **Logic**: The calculation sets a hardcoded maximum supply of 10,000,000,000 (10 billion) tokens based on ApolloX's tokenomics design. The launch date is established as December 21, 2021 at 00:00:00 UTC, representing when the token supply metrics tracking begins. The time grain is set to daily intervals to provide consistent time series data.
- **Key fields**: `timestamp` set to the launch date, `timestamp_grain` set to 'day' for daily aggregation, `token_supply_maximum` set to 10 billion tokens

### Final aggregation
- **Time series generation**: The finalize metric macro applies a 'fill_forward' strategy to propagate the maximum supply value across all dates from the launch date to the present
- **Data consistency**: The fill_forward approach ensures that the maximum token supply value remains constant at 10 billion tokens for every day in the time series, creating a flat line that represents the unchanging theoretical maximum
- **Final calculation**: The metric value is simply the constant 10,000,000,000 tokens for all dates from December 21, 2021 forward, representing the total maximum supply that can theoretically exist for ApolloX tokens according to the protocol's design specifications

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

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

APX V2APX

Maximum token supply

Maximum token supply

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