# Fluid DEX Lite Total value locked Methodology

## 1. Overview

Total value locked (TVL) for Fluid DEX Lite is measured as the total USD value of assets deposited within the Fluid DEX Lite singleton contract. This metric is utilized as a key indicator of liquidity and trading capacity dedicated to the Fluid DEX Lite product. TVL is calculated by tracking net on-chain asset flows into the designated singleton account on Ethereum, which are then aggregated, cumulated over time, and converted to USD using end-of-day price feeds.

## 2. Data sources

- **Blockchain events**: ERC-20 token transfers and native Ether transfers associated with the Fluid DEX Lite singleton account, covering Ethereum
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Net deposit flow extraction

- **Purpose**: Capture daily net asset flows for the Fluid DEX Lite singleton account
- **Logic**: Daily net flows are extracted from ERC-20 token transfers and native Ether transfers where the target account matches the Fluid DEX Lite singleton address. Deposits are represented by positive flows, while withdrawals are represented by negative flows. These raw flows are aggregated daily by asset to produce a net daily delta.
- **Key fields**: `block_timestamp` (timing), `token_address` (asset identification), `amount` (flow quantities)

### Component B: Decimal normalization

- **Purpose**: Normalize raw asset flows by their respective decimal precision
- **Logic**: Raw daily net flows are joined with asset metadata. The raw amounts are normalized by dividing by the asset's decimal precision to obtain the standardized asset-unit daily delta.
- **Key fields**: `decimals` (decimal precision), `delta_tvl` (normalized daily flow)

### Component C: Cumulative balance calculation

- **Purpose**: Compute the running balance of each asset held in the singleton account
- **Logic**: Standardized daily net flows are aggregated cumulatively over time for each asset to determine the total balance level. A floor of zero is applied to the running sum to prevent negative balances. Missing days are filled forward using the last known balance to ensure continuous daily coverage.
- **Key fields**: `delta_tvl` (daily flow), `tvl` (cumulative asset balance)

### Component D: USD conversion and aggregation

- **Purpose**: Convert asset balances to USD and aggregate to the product level
- **Logic**: Cumulative asset balances are multiplied by end-of-day asset prices. The resulting USD values are aggregated daily to calculate the total value locked for Fluid DEX Lite.
- **Key fields**: `price_usd` (asset price), `tvl` (USD-denominated total value locked)

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

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

Total value locked

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

Total value locked

Total value locked

Chain breakdown