# Venus Flux Total value locked Methodology

## 1. Overview

Total value locked (TVL) is measured as the total value of assets deposited into Venus Flux. It is utilized as a primary indicator of the protocol's liquidity, capacity for borrowing, and overall growth. Venus Flux is deployed as a specialized integration of Fluid's liquidity layer on BNB Chain, where efficient asset utilization is enabled.

## 2. Data sources

- **Blockchain events**: `get_overall_tokens_data` state calls from `liquidity_resolver` contracts, covering BNB Chain
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: State call extraction

- **Purpose**: The extraction of raw supply balances from on-chain state calls
- **Logic**: Raw supply balances are extracted from `get_overall_tokens_data` state calls on BNB Chain. The `total_supply` field is parsed from the state call output for each supported asset. Native BNB addresses are mapped to the wrapped BNB asset address to ensure consistent tracking.
- **Key fields**: `total_supply` and `token_address`

### Component B: Decimal normalization and daily delta calculation

- **Purpose**: The normalization of raw balances and calculation of daily changes in supply
- **Logic**: Raw supply balances are normalized by decimal precision using asset metadata. Daily changes in supply are calculated by subtracting the previous day's normalized supply balance from the current day's balance to produce a daily delta.
- **Key fields**: `tvl` and `delta_tvl`

### Component C: Cumulative aggregation and USD conversion

- **Purpose**: The reconstruction of the total value locked level and conversion to USD
- **Logic**: Daily supply changes are aggregated and cumulatively summed over time to reconstruct the total supply level for each asset. These cumulative balances are then multiplied by end-of-day price feeds to determine the total value locked in USD.
- **Key fields**: `delta_tvl` and `price_usd`

*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

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

Total value locked

Total value locked

Chain breakdown