# Fluid DEX Tradeable assets Methodology

## 1. Overview

The number of unique assets available for trading on Fluid DEX and Fluid DEX Lite is quantified by the Tradeable assets metric. The breadth of the protocol's asset coverage and market selection is reflected by this metric. By tracking the cumulative growth of unique assets over time, the expansion of the trading ecosystem is monitored.

## 2. Data sources

- **Blockchain events**: `LogSwap` events from `FluidDexLite` contracts, and pool state data from `Fluid` registry contracts, covering Ethereum, Base, Arbitrum, Polygon, and 2 other chains

## 3. Step-by-step calculation

### Component A: Fluid DEX asset extraction

- **Purpose**: Extract unique assets from classic Fluid DEX pools
- **Logic**: Pool state data is parsed to extract the addresses of the two assets in each trading pair. Native assets are mapped to their wrapped equivalents (such as WETH on Ethereum, Base, and Arbitrum, or WPOL on Polygon) to ensure consistent asset tracking. Distinct assets are aggregated by day and chain.
- **Key fields**: `token0_address`, `token1_address`, `chain_id`, `timestamp`

### Component B: Fluid DEX Lite asset extraction

- **Purpose**: Extract unique assets from Fluid DEX Lite trades
- **Logic**: `LogSwap` events from `FluidDexLite` contracts are parsed to identify active trading pairs. The asset addresses are extracted from the associated pool metadata. Distinct assets are aggregated by day and chain based on the block timestamp of the trade.
- **Key fields**: `token0_address`, `token1_address`, `chain_id`, `block_timestamp`

### Component C: First appearance tracking

- **Purpose**: Identify the initial date each asset became tradeable on the protocol
- **Logic**: The asset lists from Fluid DEX and Fluid DEX Lite are combined. For each unique asset on each chain, the earliest timestamp across both products is identified as its first appearance date to prevent double-counting.
- **Key fields**: `token_address`, `chain_id`, `timestamp`

### Component D: Cumulative aggregation

- **Purpose**: Calculate the running total of tradeable assets over time
- **Logic**: The number of new assets is counted for each day and chain. A cumulative sum of these daily counts is calculated chronologically per chain to determine the total number of tradeable assets available on any given day.
- **Key fields**: `asset_count`, `tradeable_assets`, `timestamp`

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

Number of unique tokens tradeable on the exchange.

Tradeable assets

Exchanges (DEX)

Fluid acts as a lending, vault, and DEX platform for seamless DeFi interaction.

Fluid is a non-custodial lending, vaults, and DEX protocol built by Instadapp. Instadapp was founded by Samyak Jain & Sowmay Jain and launched in 2018.

FLUID tokenholders own and govern the protocol. They currently earn a cut of the fees generated through Fluid lending, vault and DEX services. Instadapp's investors include Coinbase Ventures, Pantera Capital, Robot Ventures, etc.

Fluid DEX

Tradeable assets

Tradeable assets

Chain breakdown