# BMX Freestyle Total value locked Methodology

## 1. Overview

Total value locked measures the total value of assets deposited into BMX Freestyle. It serves as a primary indicator of the liquidity available for trading within the product's ecosystem. The metric is calculated by tracking the cumulative net flows of user deposits and withdrawals, representing the total capital currently held within the protocol's smart contracts.

## 2. Data sources

- **Blockchain events**: `DepositForAccount` and `WithdrawFromAccount` events from `MultiAccount` contracts on Base
- **External data**: End-of-day price feeds for the deposited assets

## 3. Step-by-step calculation

### Component A: Deposit and withdrawal tracking

- **Purpose**: Capture all individual asset inflows and outflows for BMX Freestyle
- **Logic**: `DepositForAccount` and `WithdrawFromAccount` events are parsed from `MultiAccount` contracts. The `amount` field is extracted from each event to identify the quantity of assets moved. Each transaction is associated with a specific account address and timestamp to ensure granular tracking of user activity.

### Component B: Daily net flow aggregation

- **Purpose**: Calculate the daily change in the total asset balance
- **Logic**: Deposit amounts are aggregated by day to determine total daily inflows. Withdrawal amounts are similarly aggregated and treated as negative values to represent outflows. A daily net flow is then calculated by summing the total inflows and outflows for each UTC day.

### Component C: Cumulative TVL calculation

- **Purpose**: Determine the total value of assets locked at any given point in time
- **Logic**: A cumulative sum of daily net flows is calculated to determine the total net deposits held by the protocol. These amounts are normalized by decimal precision. To ensure data continuity, values are filled forward for days where no on-chain activity occurs. The final cumulative net deposit value is multiplied by end-of-day asset prices to determine the Total value locked in USD.

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

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

Total value locked

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

Total value locked

Total value locked

Chain breakdown