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.

Exchanges (DEX)

GoonFi

# GoonFi Trading volume Methodology

## 1. Overview

Trading volume is defined as the total value of trades executed on GoonFi V1 and GoonFi V2. This metric is used to assess the overall trading activity and liquidity processed by GoonFi's proprietary market maker, with order flow arriving through decentralized exchange (DEX) aggregators. Since trading fees are paid by users on these transactions, trading volume is highly correlated with the protocol's ability to generate fees and revenue.

## 2. Data sources

- **Blockchain events**: Trade instructions executed by the GoonFi V1 (`goonERTdGsjnkZqWuVjs73BZ3Pb9qoCUdBUL17BnS5j`) and GoonFi V2 (`goonuddtQRrWqqn5nFyczVKaie28f3kDkHWkHtURSLE`) programs, covering Solana
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: GoonFi V1 and GoonFi V2 trade extraction

- **Purpose**: Extract raw trade data executed through GoonFi V1 and GoonFi programs
- **Logic**: Trade instructions are filtered from Solana DEX transactions where the executing account is identified as the GoonFi program (`goonERTdGsjnkZqWuVjs73BZ3Pb9qoCUdBUL17BnS5j`) or the GoonFi program (`goonuddtQRrWqqn5nFyczVKaie28f3kDkHWkHtURSLE`). For each trade, the transaction signer, pool account, base and quote vault accounts, base and quote mint accounts, and raw trade amounts are extracted. Raw asset amounts are normalized by decimal precision using asset metadata.
- **Key fields**: `block_timestamp`, `executing_account`, `pool_address`, `base_amount`, `quote_amount`, `base_mint_address`, `quote_mint_address`

### Component B: Pool metadata and asset pairing

- **Purpose**: Identify and map trading pairs for each GoonFi pool
- **Logic**: Pool metadata is established by identifying the first trade instruction associated with a unique pool account. The base and quote mint accounts from this initial trade are designated as the pool's primary assets (asset 0 and asset 1). Subsequent trades are mapped to these assets so that the trade direction (asset A to asset B) is determined and daily trade amounts for each asset are aggregated.
- **Key fields**: `pool_address`, `token_address_0`, `token_address_1`, `amount_0`, `amount_1`, `a_to_b`

### Component C: USD valuation and outlier protection

- **Purpose**: Convert trade amounts to USD and apply valuation rules to prevent price anomalies
- **Logic**: Daily aggregated asset amounts are multiplied by end-of-day price feeds. To mitigate the impact of price outliers and illiquid assets, the total trade value is calculated as the lesser of the USD value of the two trade legs. An exception is applied if exactly one leg of the trade is classified as a tokenized stock based on asset metadata; in this scenario, the trade is valued solely using the tokenized stock leg to avoid issues with unpriced counterparty assets. The final trading volume is aggregated by day, chain, and product.
- **Key fields**: `trading_volume`, `timestamp`, `product_id`, `chain_id`

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

Total value of spot trades executed on the exchange.

GoonFi

Trading volume

Trading volume

Competitive landscape