# EulerSwap Tradeable assets Methodology

## 1. Overview

Tradeable assets is measured as the number of unique assets that users can trade on EulerSwap. This metric reflects the breadth of the project’s token coverage and its expansion across supported liquidity environments. The metric includes unique assets identified across all EulerSwap pool versions, including those integrated via Uniswap V4.

## 2. Data sources

- **Blockchain events**: `PoolDeployed` and `PoolConfig` events from `EulerSwapFactory` contracts, and `Initialize` events from `PoolManager` contracts, covering Ethereum, Arbitrum, Avalanche, Base, and 4 other chains
- **External data**: Asset metadata for symbol and decimal identification

## 3. Step-by-step calculation

### Component A: Trading pair identification

- **Purpose**: Identify all active liquidity pools and their constituent assets.
- **Logic**: `PoolDeployed` events are parsed from `EulerSwapFactory` contracts to identify the deployment of new trading pairs. For each pool, the addresses for both underlying assets are extracted. If an asset address corresponds to a null address (representing the native token), it is mapped to the canonical wrapped native asset address for the respective chain. For pools integrated via Uniswap V4, `Initialize` events from `PoolManager` contracts are utilized to identify the participating assets.
- **Key fields**: `asset0`, `asset1`, `pool`, `block_timestamp`

### Component B: Asset discovery and first appearance tracking

- **Purpose**: Establish the date on which each unique asset first became tradeable on the DEX.
- **Logic**: All asset addresses identified in the trading pair extraction are aggregated. For every unique asset address on a per-chain basis, the minimum (earliest) timestamp of the transaction in which it first appeared is determined. This discovery date is used to attribute the asset to a specific UTC calendar day.
- **Key fields**: `token_address`, `block_timestamp`, `chain`

### Component C: Cumulative aggregation

- **Purpose**: Calculate the total number of tradeable assets available as a time-series.
- **Logic**: The number of unique assets appearing for the first time is aggregated by day. A cumulative sum is then applied to these daily counts over the historical timeline of the project. This ensures the metric reflects the total breadth of unique assets supported by EulerSwap at any given point in time. The final values are partitioned by chain and product.
- **Key fields**: `asset_count`, `tradeable_assets`

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

Number of unique tokens tradeable on the exchange.

Tradeable assets

Exchanges (DEX)

Lenders deposit funds into Euler and receive interest payments from borrowers (supply-side fees).

Euler is a non-custodial lending protocol built on Ethereum. Euler was founded by Michael Bentley, Doug Hoyte & Jack Prior and launched in 2021.

EUL tokenholders own and govern the protocol. They currently take a cut of the total interest paid by borrowers (revenue). Euler’s investors include Paradigm, Lemniscap, Launchhub Ventures, etc.

EulerSwap

Tradeable assets

Tradeable assets

Chain breakdown