# Bifrost Substrate Staking market cap Methodology

## 1. Overview

Staking market cap measures the total value of native assets currently staked on the Bifrost Substrate blockchain. This metric reflects the amount of capital committed to securing the network through its consensus mechanism. Calculated values provide an indication of the economic security and decentralization of the Bifrost Substrate protocol, with all quantities converted to USD for cross-asset comparison.

## 2. Data sources

- **Blockchain events**: Staking volume records and block metadata from Bifrost Substrate
- **External data**: End-of-day price feeds for the native asset

## 3. Step-by-step calculation

### Component A: Bifrost Substrate staking volume extraction

- **Purpose**: Capture the raw quantity of native assets participating in network staking
- **Logic**: Native staking quantities are extracted from the blockchain state for each block. These amounts are normalized by decimal precision to convert the values from their base units to the standard asset denomination.
- **Key fields**: `total_staking` (raw volume), `block_number` (identification)

### Component B: Block-to-timestamp mapping

- **Purpose**: Assign precise temporal data to the staking records
- **Logic**: Staking volume records are joined with block metadata using the block number as the unique identifier. This process enables the attribution of staking state values to specific block timestamps.
- **Key fields**: `block_number` (join key), `block_timestamp` (timing)

### Component C: USD conversion and daily aggregation

- **Purpose**: Standardize staking values into USD and aggregate data into daily intervals
- **Logic**: Normalized staking quantities are multiplied by end-of-day price feeds for the native asset. The resulting USD values are aggregated at a daily granularity using UTC day boundaries. A zero-fill strategy is applied to ensure a continuous time series, maintaining data consistency for every historical day in the dataset.
- **Key fields**: `staking_market_cap` (USD value), `daily_timestamp` (granularity)

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

Value of native tokens currently staked to secure a proof-of-stake network.

Staking market cap

Blockchains (L2)

Collators aggregate parachain transactions block candidates and producing state transition proofs for validators based on those blocks.

Bifrost is the Staking Yield Layer app-chain for stablecoins, RWAs, and DeFi, powered by the Polkadot Relay chain.

BNC holders own and govern the protocol. Bifrost’s investors include OKX Ventures, Long Hash Ventures, etc.

Bifrost Substrate

Archived

Staking market cap

Staking market cap

Chain breakdown