Auctioneers create auctions on Bounce Finance which users can participate in.

Bounce Finance is a non-custodial auction protocol built on Ethereum and other adjacent blockchains. Bounce Finance was founded by Ryan Fang & Jack Lu and launched in 2020.

AUCTION tokenholders own and govern the protocol. They currently take a cut of the total auction fees paid by auction creators (revenue). Bounce Finance's investors include Coinbase Ventures, Binance Labs, Pantera Capital, etc.

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Bounce Finance

# Bounce Finance Treasury Methodology

## 1. Overview

The BounceBit Finance treasury metric measures the total USD value of all ERC-20 tokens held in the protocol's treasury address on Ethereum. This metric tracks the protocol's treasury holdings by monitoring all token inflows and outflows, maintaining running balances for each token, and converting these balances to USD values using end-of-day pricing data. The calculation provides daily snapshots of the treasury's total value across all held tokens.

## 2. Data sources

- **Ethereum Transfer events**: Parsed ERC-20 `Transfer` events on Ethereum that involve the treasury address as sender or recipient
- **Ethereum transaction logs**: Raw Ethereum event logs containing the transfer event data
- **End-of-day token price feeds**: Daily closing prices for all tokens held in the treasury, used for USD conversion
- **Token metadata**: Token symbol, decimal precision, and contract address information for proper balance calculations

## 3. Step-by-step calculation

### Component A: Token balance change tracking
- **Purpose**: Tracks all token movements (inflows and outflows) for the BounceBit Finance treasury address
- **Logic**: The system identifies all ERC-20 `Transfer` events where the treasury address (`0xc9297466c6c7acc799fb869806c53398b8b10680`) appears as either the sender (`from` field) or recipient (`to` field). For inbound transfers where the treasury is the recipient, the `balance` change is positive. For outbound transfers where the treasury is the sender, the `balance` change is negative. Each balance change is recorded with its `timestamp`, `token_address`, and net `balance` change amount
- **Key fields**: `timestamp`, `account_address` (treasury address), `token_address`, `balance` (net change amount), `token_symbol`

### Component B: Cumulative balance calculation
- **Purpose**: Maintains running totals of each token held in the treasury over time
- **Logic**: The system calculates cumulative balances for each token by summing all balance changes chronologically up to each point in time. This uses a window function partitioned by `token_address` and ordered by `timestamp` to create running balances. The cumulative calculation ensures that the current balance for each token reflects all historical inflows and outflows
- **Key fields**: `timestamp`, `token_address`, `balance` (cumulative running total)

### Component C: Data gap filling
- **Purpose**: Ensures continuous daily data points even when no transactions occur
- **Logic**: The fill-forward process creates entries for every day in the time series, even when no token transfers occurred. For days without transactions, the system carries forward the most recent balance for each token. This ensures that treasury balances are reported consistently on a daily basis regardless of transaction activity
- **Key fields**: `timestamp` (filled daily), `balance` (forward-filled values)

### Component D: USD conversion
- **Purpose**: Converts token balances to USD values using daily pricing data
- **Logic**: Each token balance is joined with corresponding end-of-day price data based on matching `timestamp`, `chain_id` (Ethereum), and `token_address`. The USD amount is calculated by multiplying the token `balance` by the `price_usd`. Only tokens with positive balances and available price data are included in the calculation
- **Key fields**: `balance` (token amount), `price_usd` (end-of-day price), `amount` (USD value)

### Final aggregation
- **Combining components**: All token USD values for each day are summed together to create the total treasury value. The system aggregates across all tokens held in the treasury address to produce a single daily treasury amount
- **Currency conversion**: USD conversion uses end-of-day prices matched to the same timestamp as the balance snapshot, ensuring consistent valuation timing
- **Time aggregation**: Data is aggregated at daily granularity with each day representing the treasury value at the end of that day
- **Final calculation**: The final treasury value equals the sum of all individual token USD values (token balance × token price) for all tokens with positive balances in the treasury address on each day

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

Total value of a project's onchain treasury, including its native token.

Bounce FinanceAUCTION

Treasury

Treasury

Competitive landscape

Chain breakdown