# Chainflip DEX Tradeable pairs Methodology

## 1. Overview

Tradeable pairs is measured as the cumulative number of unique asset pairs available for trading on Chainflip DEX. The expansion of direct swap routes and liquidity pools established on the protocol over time is reflected by this metric. By tracking the creation of new trading pools, the growth and diversity of the decentralized exchange's market offerings are evaluated.

## 2. Data sources

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

## 3. Step-by-step calculation

### Component A: Pool creation tracking

- **Purpose**: Newly created liquidity pools on Chainflip DEX are identified and extracted.
- **Logic**: `NewPoolCreated` events from `LiquidityPool` contracts are parsed to extract the base asset, quote asset, and pool identifier. Each unique pool creation event is recorded with its corresponding block timestamp.
- **Key fields**: `base_asset`, `quote_asset`, `block_timestamp`

### Component B: Daily aggregation and zero-filling

- **Purpose**: The count of new trading pairs is aggregated on a daily basis to ensure continuous time-series data.
- **Logic**: The number of unique base assets from newly created pools is counted and aggregated by day. For days with no new pool creation events, the count is filled with zero to maintain a continuous daily time series.
- **Key fields**: `timestamp`, `pair_count`

### Component C: Cumulative sum calculation

- **Purpose**: The total number of tradeable pairs available on any given day is calculated.
- **Logic**: A running cumulative sum of the daily new pair counts is calculated over time. This cumulative value is utilized to represent the total active tradeable pairs on Chainflip DEX for each historical date.
- **Key fields**: `tradeable_pairs`

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

Number of unique token pairs available for trading on the exchange.

Tradeable pairs

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 pairs

Tradeable pairs

Chain breakdown