# Fluid DEX Lite Trade count Methodology

## 1. Overview

Trade count is defined as the number of trades executed on Fluid DEX Lite. This metric is utilized to analyze how frequently assets are swapped through the protocol, serving as a key indicator of user activity, protocol adoption, and liquidity pool utilization. Only transactions interacting with Fluid DEX Lite contracts are included in this metric.

## 2. Data sources

- **Blockchain events**: `LogSwap` events from `FluidDexLite` contracts, and transaction metadata, covering Ethereum

## 3. Step-by-step calculation

### Component A: Extraction and decoding of swap data

- **Purpose**: Extract and decode swap data from Fluid DEX Lite event logs
- **Logic**: `LogSwap` events from `FluidDexLite` contracts are parsed. The `swapData` field is decoded using a bitwise decoding function to extract the decentralized exchange identifier, the swap direction, the adjusted input amount, and the adjusted output amount.
- **Key fields**: `swapData` (containing encoded swap details), `block_timestamp` (timing), `transaction_hash` (transaction identifier), and `address` (pool address)

### Component B: Enrichment of decoded trade events

- **Purpose**: Enrich decoded trade events with user addresses and asset details
- **Logic**: Decoded trade events are joined with native transaction metadata to identify the transaction sender address as the user address. The events are further joined with Fluid DEX Lite pool dimension metadata using the decoded exchange identifier and block timestamp to map the corresponding asset addresses.
- **Key fields**: `from_address` (user address), `token0` (first asset address), and `token1` (second asset address)

### Component C: Aggregation of the total number of unique trades

- **Purpose**: Aggregate the total number of unique trades
- **Logic**: The enriched trade records are filtered for the Fluid DEX Lite product. The number of unique trades is calculated by taking the distinct count of transaction hashes. The aggregated trade counts are grouped by day, chain, and product, with missing days filled with zeros to ensure continuous daily time series.
- **Key fields**: `transaction_hash` (used for distinct counting), `block_timestamp` (truncated to daily granularity)

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

Number of trades executed on a decentralized exchange.

Trade count

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 Lite

Trade count

Trade count

Chain breakdown