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 Tradeable assets Methodology

## 1. Overview

Tradeable assets measures the cumulative number of unique assets available for trading on Fluid DEX and Fluid DEX Lite. The breadth of the protocol's asset coverage and the expansion of its liquidity pools over time are reflected by this metric. Historical additions of new trading pairs are tracked to provide insight into the growth of the Fluid ecosystem. Only unique assets that have been initialized in liquidity pools or traded are counted.

## 2. Data sources

- **Blockchain events**: `LogSwap` events from `FluidDexLite` contracts and state logs from Fluid DEX pool registries, 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 liquidity pools
- **Logic**: Pool configurations are parsed from Fluid DEX state logs. The addresses for both assets in each trading pair are extracted. Native assets represented by the sentinel address `0xeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee` are normalized to their wrapped equivalents (such as `WETH` on Ethereum, Base, and Arbitrum, or `WPOL` on Polygon) based on the hosting chain. The unique list of assets is aggregated by chain and timestamp.
- **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. The `swapData` is decoded to identify the specific pool identifier. This identifier is matched with Fluid DEX Lite pool metadata to retrieve the addresses of the traded assets. The unique list of assets is aggregated by chain and the day of the trade.
- **Key fields**: `swapData`, `token0_address`, `token1_address`, `chain_id`, `block_timestamp`

### Component C: Cumulative unique asset aggregation

- **Purpose**: Combine assets and calculate the running total of unique tradeable assets
- **Logic**: The asset lists from Fluid DEX and Fluid DEX Lite are combined. For each unique asset on each chain, the earliest timestamp of its appearance is determined. The number of newly introduced assets is aggregated daily. Days without new asset additions are assigned a value of zero to maintain a continuous daily time series. A running cumulative total of these daily new assets is calculated per chain over time to represent the total number of tradeable assets.
- **Key fields**: `timestamp`, `chain_id`, `tradeable_assets`

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

Number of unique tokens tradeable on the exchange.

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Tradeable assets

Tradeable assets

Competitive landscape

Chain breakdown