# Deliswap Tradeable pairs Methodology

## 1. Overview

Tradeable pairs measures the number of unique asset pairs available for trading on Deliswap. It reflects the total number of direct swap routes offered by the project. This metric serves as an indicator of the exchange's market depth and the variety of liquidity pools available to users through Deliswap's specific hooks.

## 2. Data sources

- **Blockchain events**: `Initialize` events from `PoolManager` contracts, covering Base
- **External data**: Asset metadata for symbol and decimal identification

## 3. Step-by-step calculation

### Component A: Pool identification and filtering

- **Purpose**: Identify unique trading pools specifically associated with Deliswap infrastructure.
- **Logic**: `Initialize` events are parsed from `PoolManager` contracts. These events are filtered to include only those where the hook address corresponds to the Deliswap V4 hook or the Deliswap AMM hook. Each event is used to identify a unique pool address and the two underlying assets forming the pair.
- **Key fields**: `pool_address` (unique identifier), `token_address_0`, `token_address_1`, and `hook_address`.

### Component B: Daily pair discovery

- **Purpose**: Determine the date on which each unique trading pair first became available.
- **Logic**: The earliest block timestamp associated with each unique pool address is identified. These discovery events are then aggregated by day to determine the number of new trading pairs added to the protocol during each 24-hour period.
- **Key fields**: `block_timestamp` and `pool_address`.

### Component C: Cumulative aggregation and normalization

- **Purpose**: Calculate the total running count of tradeable pairs and ensure data continuity.
- **Logic**: A cumulative sum is applied to the daily count of new trading pairs to generate the total number of tradeable pairs available at any point in time. To maintain a continuous time series, days with no new pool initializations are filled with the value from the previous day. All data is normalized to UTC day boundaries.
- **Key fields**: `tradeable_pairs` (running total).

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

Number of unique token pairs available for trading on the exchange.

Tradeable pairs

Exchanges (DEX)

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

BMX is a non-custodial exchange for spot and perpetual contracts built on Base. BMX has three product lines: Classic, Freestyle, and Based MediaX

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

Deliswap

Archived

Tradeable pairs

Tradeable pairs

Chain breakdown