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.

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Fluid

# Fluid Trade count Methodology

## 1. Overview

The number of trades executed on a decentralized exchange is measured by trade count. The frequency with which users buy or sell assets through the project is shown by this metric. For Fluid, trading activity is captured across Fluid DEX, Fluid DEX Lite, and Venus Flux. User engagement, liquidity utilization, and transaction frequency across Fluid's decentralized exchange products are evaluated using this metric.

## 2. Data sources

- **Blockchain events**: `LogSwap` events from `FluidDexLite` contracts, and `Swap` events from `FluidDex` and `FluidDexT1` contracts, covering Ethereum, Arbitrum, Base, BSC, and 2 other chains

## 3. Step-by-step calculation

### Component A: Fluid DEX and Venus Flux trade extraction

- **Purpose**: Extract trade events for Fluid DEX and Venus Flux
- **Logic**: `Swap` events are parsed from `FluidDex` and `FluidDexT1` contracts. Transaction hashes, block timestamps, and chain identifiers are extracted. For trades executed on BSC, the product is classified as Venus Flux, while trades on all other chains are classified as Fluid DEX.
- **Key fields**: `transaction_hash`, `block_timestamp`, `chain_id`

### Component B: Fluid DEX Lite trade extraction

- **Purpose**: Extract trade events for Fluid DEX Lite
- **Logic**: `LogSwap` events are parsed from `FluidDexLite` contracts. Swap data is decoded to extract trade details, and transaction hashes, block timestamps, and chain identifiers are retrieved. The product for these trades is classified as Fluid DEX Lite.
- **Key fields**: `transaction_hash`, `block_timestamp`, `chain_id`

### Component C: Trade count aggregation

- **Purpose**: Aggregate the total number of unique trades
- **Logic**: Trade records from Fluid DEX, Venus Flux, and Fluid DEX Lite are combined. The number of unique trades is calculated by counting distinct transaction hashes. The final trade counts are aggregated on a daily basis per chain and product, with UTC day boundaries applied.
- **Key fields**: `transaction_hash`, `timestamp`, `chain_id`, `product_id`

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

Number of trades executed on a decentralized exchange.

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Trade count

Trade count

Competitive landscape

Chain breakdown