Liquidity providers deposit funds into Equalizer and stake their LP tokens to receive EQUAL tokens (token incentives).

Equalizer is a non-custodial exchange protocol built on Fantom. Equalizer was founded by Blake Hooper and launched in 2022.

EQUAL tokenholders own and govern the protocol. They vote for pools where they wish to receive trading fees and external bribes from, while pools receive EQUAL emissions in respect to their share of votes.

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Exchanges (DEX)

Equalizer Exchange

# Equalizer Exchange Tradeable assets Methodology

## 1. Overview

The Equalizer tradeable assets metric measures the cumulative number of unique tokens that have become available for trading on the Equalizer decentralized exchange. This metric tracks the growth of tradeable token diversity over time by counting each unique token that has appeared in at least one trading pair since the platform's inception. The calculation is based on trading pair creation events and provides insight into the expanding ecosystem of tokens supported by the exchange.

## 2. Data sources

The calculation relies on the following raw data sources:

- **Fantom blockchain events**: Parsed `PairCreated` events from Equalizer's PairFactory contract, which are emitted each time a new trading pair is established on the platform
- **Token metadata**: Token registry data containing token symbols and decimal place information for display and identification purposes

## 3. Step-by-step calculation

### Component A: Trading pair identification
- **Purpose**: Identify all trading pairs created on Equalizer and extract the tokens involved in each pair
- **Logic**: Extract `PairCreated` events from Equalizer's PairFactory contract on the Fantom blockchain. Each event contains the addresses of two tokens (`token0` and `token1`) that form a new trading pair, along with the pair contract address and creation timestamp. Enrich this data by joining with token metadata to obtain token symbols and decimal places for proper identification and display.
- **Key fields**: `block_timestamp` for timing, `token0_address` and `token1_address` for the trading pair tokens, `account_address` for the pair contract, and enriched `token0_decimals`, `token1_decimals`, and `account_name` fields

### Component B: Token extraction and deduplication  
- **Purpose**: Create a comprehensive list of all unique tokens with their first appearance dates
- **Logic**: Extract all token addresses from trading pairs by creating a union of `token0_address` and `token1_address` from all pair creation events. Truncate timestamps to daily boundaries and identify the first appearance date of each unique token address on each chain. This ensures each token is counted only once regardless of how many trading pairs it appears in.
- **Key fields**: `timestamp` (daily), `chain`, `token_address`, and calculated first appearance date

### Component C: Daily new token counting
- **Purpose**: Count how many new unique tokens become tradeable each day
- **Logic**: Group tokens by their first appearance date and count the number of distinct token addresses appearing for the first time on each day. Apply gap-filling logic to ensure continuous daily time series, inserting zero values for days when no new tokens appeared. This creates a complete daily record of new token additions.
- **Key fields**: `timestamp`, `chain`, and `asset_count` representing new tokens added each day

### Final aggregation
- **Combining components**: The daily new token counts are processed using a cumulative sum calculation
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation to day level
- **Final calculation**: Calculate a running cumulative sum of new token counts ordered by date to determine the total number of unique tradeable assets available on each day. This cumulative approach ensures the metric represents the total diversity of tokens ever made available for trading, not just recently added tokens

The final metric represents the total count of unique token addresses that have appeared in at least one Equalizer trading pair from platform inception through the calculation date, providing a measure of the platform's token ecosystem growth over time.

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

Number of unique tokens tradeable on the exchange.

Equalizer ExchangeEQUAL

Tradeable assets

Tradeable assets

Competitive landscape

Chain breakdown