# GoonFi V1 Trading volume Methodology

## 1. Overview

Trading volume measures the total value of trades executed on GoonFi V1. This metric is used to evaluate the liquidity and trading activity of the GoonFi V1 decentralized exchange, which directly correlates with the protocol's capacity to generate fees and revenue. Trades are executed via the GoonFi V1 proprietary market maker program on Solana, with order flow primarily arriving through decentralized exchange aggregators. Each trade is valued in USD using end-of-day price feeds, applying specific valuation rules to mitigate price outliers.

## 2. Data sources

- **Blockchain events**: Trade instructions parsed from the GoonFi program on Solana
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: GoonFi V1 trade instruction extraction

- **Purpose**: Extract raw trade data from the GoonFi program
- **Logic**: Trade instructions are parsed from Solana DEX trade records where the executing account matches the GoonFi program account (`goonERTdGsjnkZqWuVjs73BZ3Pb9qoCUdBUL17BnS5j`). For each trade, the block timestamp, transaction ID, pool account, asset accounts, and raw base and quote asset amounts are extracted.
- **Key fields**: `block_timestamp`, `pool_address`, `token_0_address`, `token_1_address`, `amount_0`, `amount_1`

### Component B: Decimal normalization and pool mapping

- **Purpose**: Normalize asset amounts and map trades to liquidity pools
- **Logic**: Raw base and quote asset amounts are normalized by their respective decimal precisions using asset metadata. Because no explicit pool-creation instructions exist on-chain, pool metadata is dynamically constructed by identifying the first trade associated with each unique pool account. Normalized trade amounts are then mapped to these pools to establish consistent asset orderings.
- **Key fields**: `amount_0`, `amount_1`, `pool_address`, `token_address_0`, `token_address_1`

### Component C: USD valuation and outlier mitigation

- **Purpose**: Convert trade amounts to USD and apply valuation rules to prevent price anomalies
- **Logic**: Normalized trade amounts are multiplied by end-of-day asset prices. To prevent price outliers from distorting the metric, each trade is valued at the lesser of its two legs (the minimum of the USD value of asset 0 and asset 1). An exception is applied if exactly one leg of the trade is a tokenized stock, in which case the trade is valued solely on the tokenized stock leg to avoid issues with unpriced counterparty assets.
- **Key fields**: `amount_0`, `amount_1`, `price_usd`, `resolved_asset_type`

### Component D: Aggregation and zero-filling

- **Purpose**: Aggregate daily trading volume and ensure continuous data
- **Logic**: Valued trades are aggregated by day, chain, and product. The final dataset is processed to ensure schema consistency, validate chain and project identifiers, and fill any missing days with zero values to maintain a continuous daily time series.
- **Key fields**: `timestamp`, `trading_volume`

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

Total value of spot trades executed on the exchange.

Trading volume

Exchanges (DEX)

The operator fills swaps from its own inventory against prices quoted by the GoonFi program, earning the spread embedded in those quotes.

GoonFi is a proprietary automated market maker on Solana, live since the first quarter of 2026. It takes its order flow from DEX aggregators, primarily Jupiter.

GoonFi is operated by a market-making team that has not disclosed its identity.