# Venus Flux Trading volume Methodology

## 1. Overview

Trading volume is defined as the total value of trades executed on Venus Flux, which is operated as the BNB Chain deployment of Fluid. Overall trading activity and liquidity utilization within the Venus Flux pools are reflected by this metric. Since trading fees are paid by users on each transaction, trading volume is closely correlated with the protocol's capacity to generate fees and revenue.

## 2. Data sources

- **Blockchain events**: `Swap` events are parsed from `FluidDex` contracts and pool state configurations are retrieved from `FluidDex` pool registries, covering BNB Chain
- **External data**: End-of-day price feeds and asset metadata are consumed

## 3. Step-by-step calculation

### Component A: Venus Flux trade extraction and pool mapping

- **Purpose**: The extraction of raw swap transactions and their mapping to respective liquidity pools.
- **Logic**: `Swap` events from `FluidDex` contracts are parsed to identify the swap direction, input amounts, and output amounts. These events are joined with pool state configurations to determine the asset pair addresses and the associated fee tier. For native asset transactions on BNB Chain, the native asset address is mapped to its wrapped equivalent (WBNB).
- **Key fields**: `block_timestamp`, `amount`, `swap_0_to_1`

### Component B: Venus Flux decimal normalization and asset ordering

- **Purpose**: The normalization of raw trade amounts to human-readable units and their assignment to the correct asset legs.
- **Logic**: Raw trade amounts are normalized by the decimal precision of each asset using asset metadata. Based on the swap direction flag, the normalized input and output amounts are mapped to the respective pool assets (`amount_0` and `amount_1`).
- **Key fields**: `amount_0`, `amount_1`

### Component C: USD conversion and aggregation

- **Purpose**: The conversion of asset volumes to USD and the calculation of single-sided trading volume.
- **Logic**: Normalized asset amounts for both legs of the trade are multiplied by their respective end-of-day asset prices. To prevent double-counting and ensure a conservative single-sided volume metric, the final trading volume is calculated by taking the minimum (least) USD value of the two legs. Daily values are aggregated using UTC day boundaries.
- **Key fields**: `trading_volume`

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

Total value of spot trades executed on the exchange.

Trading volume

Lending

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.

Venus Flux

Trading volume

Trading volume

Chain breakdown