Liquidity providers deposit funds into DODO and receive trading fees from traders (supply-side fees).

DODO is a non-custodial exchange protocol built on Ethereum and other blockchains. DODO launched in 2020.

DODO tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). DODO's investors include Pantera Capital, Three Arrows Capital, Binance Labs, etc.

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DODO

# DODO Tradeable assets Methodology

## 1. Overview

The DODO tradeable assets metric measures the cumulative count of unique tokens that have been available for trading on the DODO decentralized exchange. This metric answers the business question "How many different tokens can users trade on DODO?" and tracks the growth of asset diversity on the platform over time. The calculation identifies unique tokens from historical trading pairs and swap events, then maintains a running cumulative total that only increases as new tokens become tradeable.

## 2. Data sources

The methodology relies on several types of blockchain event data and external metadata:

- **DODO v1 events**: Parsed `DODOBirth` events from Ethereum, BSC, Polygon, Arbitrum, Optimism, and Avalanche that capture new trading pair creation
- **DODO v2 swap events**: Parsed `DODOSwap` events from `VendingMachine`, `StablePool`, and `PrivatePool` contracts across Ethereum, BSC, Polygon, Arbitrum, Optimism, Avalanche, and Base that capture trading activity
- **DODO v1 specialized events**: Parsed `BuyBaseToken` and `SellBaseToken` events from USTPair contracts on Ethereum for specific USD Tether trading pairs
- **Token metadata**: External token reference data including token symbols and decimal places for human-readable pair names

## 3. Step-by-step calculation

### Component A: Trading pair extraction
- **Purpose**: Identifies all historical trading pairs across DODO versions and chains
- **Logic**: Extracts trading pair information from multiple DODO event types across seven blockchain networks. For DODO v1, processes `DODOBirth` events to capture newly created trading pairs, extracting the new pool address along with base and quote token addresses. For DODO v2, processes `DODOSwap` events from three pool types (VendingMachine, StablePool, PrivatePool) to identify active trading pairs through swap activity, capturing the contract address and from/to token addresses. Handles special case USTPair events on Ethereum with hardcoded token addresses for USD Tether trading. Each record includes the event timestamp, chain identifier, protocol version, pool address, and both token addresses in the pair.
- **Key fields**: Event `block_timestamp` for temporal ordering, `chain` for network identification, protocol `version` (v1 or v2), pool `account_address`, paired token addresses as `token0_address` and `token1_address`

### Component B: Token address flattening
- **Purpose**: Converts trading pairs into individual token records to identify unique tradeable assets
- **Logic**: Takes each trading pair and creates two separate records - one for each token in the pair. Uses union operations to combine token0 and token1 addresses into a single list, preserving the earliest timestamp when each token first appeared in any trading pair. This flattening process ensures every unique token address is captured regardless of which position it held in various trading pairs. Groups by token address and chain to determine the first appearance date of each asset.
- **Key fields**: Daily `timestamp` boundaries, `chain` for network separation, unique `token_address` identifiers, first appearance tracking

### Component C: Daily new asset counting
- **Purpose**: Aggregates unique new tokens by day and chain
- **Logic**: Groups flattened token records by their first appearance date, counting distinct token addresses that became tradeable each day on each chain. Applies daily timestamp truncation to establish consistent time boundaries. Creates a time series of daily new asset additions, where each day shows how many previously unseen tokens became available for trading. Handles cases where no new assets are added by filling gaps with zero values to maintain continuous daily records.
- **Key fields**: Daily `timestamp` for time series consistency, `chain` for network-specific tracking, `asset_count` representing daily new token additions

### Final aggregation
- **Combining components**: No cross-component joining required - data flows sequentially through the processing pipeline from trading pairs to flattened tokens to daily counts
- **Currency conversion**: Not applicable - this is a count metric measuring token quantity rather than monetary value
- **Time aggregation**: Uses daily timestamp boundaries with gap-filling to ensure continuous time series data without missing dates
- **Final calculation**: Applies cumulative summation using window functions partitioned by chain and ordered by timestamp. Each day's tradeable assets count equals the sum of all previous daily new asset counts for that chain, creating a monotonically increasing total that represents the growing number of unique tokens available for trading on DODO over time

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

Number of unique tokens tradeable on the exchange.

DODODODO

Tradeable assets

Tradeable assets

Competitive landscape

Chain breakdown