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 Trading volume Methodology

## 1. Overview

Honeypop trading volume represents the total USD value of trades executed on the Honeypop decentralized exchange (DEX) on Scroll blockchain. This metric measures daily trading activity by converting token swap amounts to USD values and applying anti-manipulation filters. The calculation uses a conservative approach by taking the minimum USD value between the two tokens in each swap to prevent inflated volumes from price manipulation attacks.

## 2. Data sources

The calculation relies on several key data sources:
- **Blockchain events**: Parsed Honeypop DEX events from Scroll blockchain, including `Pool_Swap` events that capture individual trades and `Factory_PoolCreated` events that define trading pairs
- **Transaction data**: Scroll transaction records that provide user addresses and transaction context for each swap
- **Token metadata**: Token information including decimal places and symbols for proper amount normalization
- **External data**: End-of-day token price feeds that provide USD conversion rates for all tokens traded on the platform

## 3. Step-by-step calculation

### Component A: Trading pair identification
- **Purpose**: Establishes all valid Honeypop trading pairs with their metadata and fee structures
- **Logic**: Extracts trading pair information from Honeypop `Factory_PoolCreated` events on Scroll. Each event contains the pool contract address, the two token addresses being paired, and the fee tier. The component joins with token metadata to retrieve decimal places and symbols for both tokens, creating a comprehensive trading pair dimension that includes pool address, token addresses, fee tier, and token metadata
- **Key fields**: Pool contract address (`account_address`), paired token addresses (`token0_address`, `token1_address`), fee tier as decimal percentage, token decimal places for amount normalization, and token symbols for pair naming

### Component B: Trade event processing
- **Purpose**: Captures all individual swap transactions with normalized token amounts and user identification
- **Logic**: Processes Honeypop `Pool_Swap` events from Scroll blockchain to extract trade details. Each swap event contains the pool address, token amounts exchanged, and transaction context. The component joins with Scroll transaction records to identify the actual user address (from transaction sender), applies any denylist filters to exclude problematic trading pairs, and normalizes token amounts by dividing raw values by the appropriate decimal places from the trading pair metadata
- **Key fields**: Transaction identifiers (`transaction_hash`, `log_index`), pool address, user address (`user_address`), normalized token amounts (`token0_amount`, `token1_amount`), and trade timestamp

### Component C: USD conversion and volume calculation  
- **Purpose**: Converts token amounts to USD values and calculates trading volume with anti-manipulation safeguards
- **Logic**: Takes normalized token amounts from trades and converts each to USD using end-of-day price feeds. For each trade, both `token0_amount` and `token1_amount` are multiplied by their respective USD prices. To prevent volume inflation from price manipulation or oracle attacks, the system applies a conservative approach by taking the minimum USD value between the two token amounts in each swap. Trades are then aggregated by day, summing these minimum USD values to produce daily trading volume totals
- **Key fields**: Daily timestamp (`timestamp`), USD-converted token amounts, minimum USD value per trade, and aggregated daily volume (`trading_volume`)

### Final aggregation
- **Combining components**: The three components flow sequentially - trading pairs provide metadata for trade processing, processed trades feed into USD conversion, and the final volume calculation produces daily aggregated values
- **Currency conversion**: USD conversion uses end-of-day price feeds matched by timestamp, token address, and chain. Each token amount is multiplied by its corresponding USD price
- **Time aggregation**: Trades are grouped by day using timestamp truncation. The daily boundary follows UTC timezone standards
- **Final calculation**: For each day, trading volume equals the sum of minimum USD values across all swaps, where each swap's contribution is the lesser of (token0_amount × token0_price_usd) and (token1_amount × token1_price_usd). The finalization macro applies standardized schema formatting and fills missing days with zero values using the zero-filling strategy

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

Total value of spot trades executed on the exchange.

Honeypop

Trading volume

Trading volume

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