Liquidity providers deposit funds into Dopex and receive premiums from options traders (supply-side fees).

Dopex is a non-custodial exchange for options contracts built on Arbitrum. Dopex was founded by the pseudonymous TzTok-Chad, and was launched in 2021.

DPX tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). Dopex’s investors include Tetranode, DefiGod, Orca Traders, Pattern Research, etc.

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Dopex

# Dopex Maximum token supply Methodology

## 1. Overview

The Dopex maximum token supply metric represents the theoretical maximum number of Dopex tokens that can ever exist according to the protocol's tokenomics design. This is a fixed protocol parameter that was established at launch and remains constant over time. The metric provides the upper bound for token supply calculations and is essential for understanding the token's scarcity model and fully diluted market capitalization potential.

## 2. Data sources

The calculation relies on protocol-level constants rather than dynamic blockchain data:
- **Protocol documentation**: Dopex tokenomics specifications defining the maximum token supply
- **Token contract specifications**: Smart contract parameters that enforce the supply cap
- **Protocol governance decisions**: Official protocol decisions regarding token supply limits

## 3. Step-by-step calculation

### Component A: Maximum supply definition
- **Purpose**: Establishes the fixed maximum token supply for Dopex
- **Logic**: The calculation uses hardcoded protocol constants: a launch date of June 25, 2021, and a maximum supply of 500,000 tokens. These values represent the protocol's design parameters that were established at launch and define the absolute upper limit of token supply
- **Key fields**: `timestamp` set to protocol launch date, `timestamp_grain` set to daily intervals, and `token_supply_maximum` set to 500,000 tokens

### Final aggregation
- **Combining components**: No combination required as this is a single constant value
- **Currency conversion**: Not applicable - this metric represents token count, not monetary value
- **Time aggregation**: The metric uses daily granularity and applies a fill-forward strategy, meaning the maximum supply value of 500,000 tokens is propagated to all dates from the launch date forward
- **Final calculation**: The final metric value is exactly 500,000 tokens for all dates from June 25, 2021 onward, representing the unchanging maximum possible supply of Dopex tokens as defined by 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.

DopexDPX

Maximum token supply

Maximum token supply

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