# Chainflip DEX Tradeable assets Methodology

## 1. Overview

Tradeable assets measures the number of unique assets available for trading on Chainflip DEX. The breadth of the platform's asset coverage and its expansion over time are reflected by this metric as new liquidity pools are established. By tracking the cumulative growth of supported assets, the diversity and maturity of the decentralized exchange's trading ecosystem can be evaluated.

## 2. Data sources

- **Blockchain events**: `NewPoolCreated` events from `LiquidityPool` contracts, covering Chainflip Chain

## 3. Step-by-step calculation

### Component A: Chainflip DEX pool creation tracking

- **Purpose**: Identify new liquidity pools and their associated assets on Chainflip DEX
- **Logic**: `NewPoolCreated` events from `LiquidityPool` contracts are parsed to extract the base asset, quote asset, and pool identifier. Each unique pool creation is recorded with its block timestamp to establish when new assets become available on the platform.
- **Key fields**: `block_timestamp` (timing), `base_asset` (asset identification)

### Component B: Chainflip DEX daily unique asset aggregation

- **Purpose**: Aggregate the count of newly introduced assets on a daily basis
- **Logic**: The distinct count of base assets is calculated for each day based on the pool creation events. For days where no new pools are created, the count of new assets is set to zero.
- **Key fields**: `block_timestamp` (timing), `base_asset` (asset identification)

### Component C: Chainflip DEX cumulative asset calculation

- **Purpose**: Calculate the running total of tradeable assets over time
- **Logic**: A cumulative sum of the daily unique base asset counts is calculated chronologically. An offset of one is added to this running total to represent the baseline tradeable asset configuration. The resulting daily time series is zero-filled to ensure continuous daily coverage.
- **Key fields**: `tradeable_assets` (cumulative asset count)

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

Number of unique tokens tradeable on the exchange.

Tradeable assets

Exchanges (DEX)

Chainflip operates a decentralized network of 150 validators that collectively control multi-chain vaults using threshold signature schemes (TSS). The protocol uses a Just-In-Time (JIT) AMM where liquidity providers compete to fill swap orders at the moment of execution, enabling capital-efficient cross-chain swaps. A portion of each swap fee is used to buy and burn FLIP tokens.

Chainflip is a decentralized cross-chain swap protocol that enables native asset exchanges across blockchains including Bitcoin, Ethereum, and Solana without wrapped tokens or traditional bridges. It was launched in 2023 by Chainflip Labs and uses a JIT AMM model combined with MPC-based vault technology to provide competitive pricing on cross-chain trades.

Chainflip is governed by its validator set and FLIP tokenholders. Validators stake FLIP to participate in the network and earn fees from swaps. The protocol is developed and maintained by Chainflip Labs.

Chainflip DEX

Tradeable assets

Tradeable assets

Chain breakdown