On Cryptex v1, overcollateralized investors deposit funds into Cryptex and mint TCAP tokens. On Cryptex v2, traders trade leveraged perpetual contracts against liquidity pools supplied by liquidity providers.

Cryptex v1 is non-custodial asset management protocol built on Ethereum, while Cryptex v2 is an exchange for perpetual contracts on Arbitrum. Cryptex was founded by Joe Sticco, Preston Van Loon & Thomas Matzner and launched in 2021.

CTX token holders own and govern the protocol. They currently take all of the total withdrawal fees paid by investors and trading fees paid by traders (revenue).

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# Cryptex Maximum token supply Methodology

## 1. Overview

The Cryptex token maximum supply metric represents the total maximum number of tokens that can ever exist for the Cryptex protocol. This is a static metric that reflects the protocol's tokenomics design rather than a calculated value from blockchain data. The metric answers the question: "What is the hard cap on the total number of Cryptex tokens that can be minted?"

The calculation approach uses predefined protocol specifications to set a constant maximum supply value that remains unchanged over time.

## 2. Data sources

This metric relies on protocol design specifications rather than blockchain data:

- **Protocol tokenomics documentation**: The maximum token supply is defined in the Cryptex protocol's tokenomics specifications
- **Token contract specifications**: Smart contract parameters that define the maximum mintable token supply
- **Protocol governance decisions**: Any governance-approved changes to maximum supply limits

No blockchain events, transaction data, or external price feeds are used in this calculation since the maximum supply is a fixed protocol parameter.

## 3. Step-by-step calculation

### Component A: Maximum supply configuration
- **Purpose**: Define the protocol's maximum token supply as a constant value
- **Logic**: Set the maximum supply to 10,000,000 tokens based on the Cryptex protocol's tokenomics design. Assign the protocol launch date of April 8, 2021 as the starting timestamp when this maximum supply becomes effective. Configure daily reporting granularity for the metric.
- **Key fields**: `timestamp` (launch date), `timestamp_grain` (daily), `token_supply_maximum` (10,000,000)

### Final aggregation
- **Combining components**: No combination needed as this is a single static value
- **Currency conversion**: Not applicable - this metric represents token quantity, not monetary value
- **Time aggregation**: The maximum supply value is applied from the launch date forward using a fill-forward strategy, meaning the same 10,000,000 token maximum appears for every day since April 8, 2021
- **Final calculation**: The metric value is exactly 10,000,000 tokens for all time periods, representing the immutable maximum supply defined in the protocol's tokenomics

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

Maximum number of tokens that can exist under the current token economics.

CryptexCTX

Maximum token supply

Maximum token supply

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