# Byreal CLMM Trade count Methodology

## 1. Overview

Trade count measures the number of trades executed on the Byreal CLMM decentralized exchange. This metric is utilized to analyze how frequently users buy or sell assets through the Byreal CLMM program. Each individual swap executed by the program is counted as a single trade. In cases where a multi-hop route interacts with multiple pools, each individual pool interaction is counted as a separate trade.

## 2. Data sources

- **Blockchain events**: Swap instructions executed by the Byreal CLMM program, covering Solana
- **External data**: Asset metadata for decimal normalization

## 3. Step-by-step calculation

### Component A: Trade extraction and filtering

- **Purpose**: Extract raw trade data executed by the Byreal CLMM program
- **Logic**: Trade records are filtered from Solana decentralized exchange transactions where the executing program matches the Byreal CLMM program account. Key transaction details, including the transaction identifier, signer, pool account, vault accounts, and asset mint accounts, are extracted.
- **Key fields**: `transaction_id`, `pool_account`, `base_mint_account`, `quote_mint_account`, `base_amount`, `quote_amount`

### Component B: Decimal normalization

- **Purpose**: Normalize trade asset amounts using decimal precision
- **Logic**: Raw trade amounts for both base and quote assets are joined with asset metadata. The raw amounts are then normalized by the decimal precision of each respective asset.
- **Key fields**: `base_amount`, `quote_amount`, `decimals`

### Component C: Trade aggregation and finalization

- **Purpose**: Aggregate trade counts and format the final metric
- **Logic**: Normalized trades are aggregated by day, chain, and product. Each swap execution is counted as one trade, meaning multi-hop routes touching multiple pools are counted as multiple trades. Missing days are zero-filled, and the final dataset is filtered based on chain availability.
- **Key fields**: `block_timestamp`, `trade_count`

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

Number of trades executed on a decentralized exchange.

Trade count

Exchanges (DEX)

Byreal earns from swap fees in its concentrated-liquidity pools. Each pool carries a fee tier paid by traders, shared between the liquidity providers of the pool and the protocol. Swaps reach the pools through Byreal's own router and through DEX aggregators.

Byreal is a decentralized exchange and real-asset liquidity hub on Solana, live since mid-2025. Its core venue is a concentrated liquidity market maker (CLMM) in which liquidity providers place capital within chosen price ranges on discrete ticks, alongside RFQ liquidity for selected pairs, a token launchpad, and perpetuals and prediction markets powered by third-party venues. It describes itself as a CEX-grade DEX on Solana.

Byreal is a Solana DEX incubated by Bybit, one of the largest centralized cryptocurrency exchanges by trading volume. It combines on-chain trading and liquidity infrastructure with connections across the Bybit ecosystem; there is no governance token.