Honeypop is an AMM and concentrated liquidity layer on Scroll, built for efficient swaps and real yield. It will also feature a Morpho-powered money market, enabling seamless lending and borrowing.

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Exchanges (DEX)

Honeypop

# Honeypop Fees Methodology

## 1. Overview

The Honeypop fees metric calculates the total fees generated by the Honeypop decentralized exchange protocol on Scroll blockchain. Fees are generated from two primary activities: trading fees from token swaps and flash loan fees. The metric multiplies trading volumes and flash loan volumes by their respective fee tiers to determine total fee revenue. This provides insight into the protocol's revenue generation and trading activity levels.

## 2. Data sources

The calculation uses several key data sources from the Honeypop protocol and external systems:

- **Trading events**: Parsed `Pool_Swap_event` logs from Honeypop smart contracts on Scroll blockchain containing trade execution data
- **Flash loan events**: Parsed `Pool_Flash_event` logs from Honeypop smart contracts capturing flash loan activity  
- **Pool creation events**: Parsed `Factory_PoolCreated_event` logs containing pool metadata including fee tier information
- **Transaction data**: Scroll blockchain transaction records providing user addresses and transaction context
- **Price feeds**: End-of-day token price feeds in USD for volume conversion
- **Token metadata**: Token information including decimal places and symbols for proper amount normalization
- **Denylist data**: Configuration data for trading pairs excluded due to limited price feed support

## 3. Step-by-step calculation

### Component A: Trading volume processing

- **Purpose**: Extracts and processes trading activity to calculate trading volumes and associated fees
- **Logic**: Processes `Pool_Swap_event` logs from Honeypop pools on Scroll blockchain. Filters out denylisted trading pairs that have insufficient price feed support for accurate pricing. Joins with transaction data to obtain user addresses. Combines with pool creation data to get fee tiers and token metadata. Normalizes token amounts by dividing raw amounts by token-specific decimal places. Aggregates trades by day and converts to USD values using end-of-day price feeds. Applies price manipulation protection by taking the lesser USD value between the two tokens in each swap
- **Key fields**: `token0_amount` and `token1_amount` (raw token quantities), `fee_tier` (pool-specific fee rate), `account_address` (pool contract address), `user_address` (transaction sender)

### Component B: Flash loan volume processing  

- **Purpose**: Processes flash loan activity to calculate flash loan volumes and associated fees
- **Logic**: Extracts `Pool_Flash_event` logs from Honeypop smart contracts on Scroll. Filters out denylisted trading pairs using the same exclusion logic as trades. Joins with pool metadata to get fee tiers and token decimal information. Aggregates flash loan amounts by day and normalizes using token decimals. Converts both token amounts to USD using end-of-day price feeds and sums them for total flash loan volume per transaction. No price manipulation protection is applied as flash loans involve borrowed amounts rather than market trades
- **Key fields**: `token0_amount` and `token1_amount` (flash loan quantities), `fee_tier` (pool fee rate), `flash_loan_volume` (total USD value)

### Component C: Fee tier determination

- **Purpose**: Provides fee rate information for each trading pool
- **Logic**: Processes `Factory_PoolCreated_event` logs to extract pool creation data including fee tier information. Normalizes fee tiers by dividing raw fee values by 1,000,000 to convert to decimal percentages. Joins with token metadata to get token symbols and decimal places. Creates readable pool names by concatenating token symbols
- **Key fields**: `fee_tier` (normalized fee percentage), `token0_address` and `token1_address` (pool token pair), `account_address` (pool contract)

### Final aggregation

- **Combining components**: Trading volumes and flash loan volumes are processed separately, then combined using a union operation. Each volume type is multiplied by its respective pool fee tier to calculate fees
- **Currency conversion**: USD conversion occurs before fee calculation. Trading volumes use price manipulation protection via the lesser USD value method, while flash loan volumes sum both token USD amounts  
- **Time aggregation**: All activity is aggregated to daily boundaries using timestamp truncation to day granularity
- **Final calculation**: Total fees equal the sum of (trading volume × fee tier) plus (flash loan volume × fee tier) for each pool and day, aggregated across all pools and time periods

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

Total value users pay to use a protocol (gross fees, user-paid fees).

Honeypop

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