# BMX Freestyle Revenue Methodology

## 1. Overview

Revenue for BMX Freestyle is measured as the portion of trading fees retained by the protocol. It represents the earnings generated from perpetual trading activities after the distribution of fees to infrastructure partners. For BMX Freestyle, a revenue-sharing model is utilized where 60% of the collected fees are retained by the protocol, while the remaining 40% are distributed to SYMMIO.

## 2. Data sources

- **Blockchain events**: `SendQuote` and `RequestToClosePosition` events from `SymmioDiamond` contracts, and `Call` events from `MultiAccount` contracts, covering Base
- **External data**: End-of-day price feeds for traded assets

## 3. Step-by-step calculation

### Component A: BMX Freestyle trade and fee extraction

- **Purpose**: Capture trading activity and associated fees from the BMX Freestyle product
- **Logic**: `SendQuote` and `RequestToClosePosition` events are parsed from `SymmioDiamond` contracts. For `SendQuote` events, the trade amount is calculated by multiplying the trade quantity by the market price, and the fee is determined by applying the trading fee parameter to the trade amount. For `RequestToClosePosition` events, the trade amount is calculated using the quantity to close and the close price, with no additional fees applied. These events are filtered to include only those associated with `Call` events from `MultiAccount` contracts to ensure only relevant BMX Freestyle activity is captured.
- **Key fields**: `quantity`, `marketPrice`, `tradingFee`, `quantityToClose`, and `closePrice`

### Component B: Revenue allocation

- **Purpose**: Determine the protocol's share of the collected fees
- **Logic**: A 60% revenue allocation is applied to the total fees generated by BMX Freestyle. This calculation accounts for the revenue-sharing agreement where 40% of the fees are distributed to SYMMIO as an infrastructure cost, leaving the remaining portion as protocol revenue.
- **Key fields**: `fees`

### Component C: USD conversion and aggregation

- **Purpose**: Normalize revenue values to USD and aggregate by day
- **Logic**: Amounts are normalized by decimal precision and multiplied by end-of-day asset prices to determine the USD value. The resulting values are aggregated to a daily granularity using UTC day boundaries.
- **Key fields**: `block_timestamp` and `token_address`

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

fees * take_rate (illustrative — revenue is observed directly per project, not derived from take_rate)

Fee revenue retained after supply-side payouts. Before cost of revenue (e.g. L2 DA fees) and before operating expenses.

Revenue

Derivative exchanges

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).

BMX Freestyle

Archived

Revenue

Revenue

Chain breakdown