# Katana Perps Trade count Methodology

## 1. Overview

Trade count is defined as the number of trades executed on a decentralized exchange. The frequency with which assets are bought or sold through the project is indicated by this metric. For Katana Perps, the total number of perpetual contract trades executed across both V1 and V2 of the exchange is represented by this metric. User engagement, trading frequency, and overall platform activity are assessed using this metric.

## 2. Data sources

- **Blockchain events**: `TradeExecuted` events from `Exchange` contracts, covering Katana Network

## 3. Step-by-step calculation

### Component A: Katana Perps trade event extraction

- **Purpose**: Individual trade records are extracted from the smart contracts.
- **Logic**: `TradeExecuted` events are parsed from `Exchange` contracts across both V1 and V2 versions of Katana Perps. For each event, the block timestamp, exchange version, buyer address, seller address, quote quantity, maker fee, and taker fee are extracted. Quote quantities and fee amounts are normalized by decimal precision to represent USD values.
- **Key fields**: `block_timestamp`, `buyWallet`, `sellWallet`, `quoteQuantity`, `makerFeeQuantity`, `takerFeeQuantity`

### Component B: Katana Perps daily trade aggregation

- **Purpose**: The total number of trades is aggregated on a daily basis.
- **Logic**: The extracted trade events are grouped by day using the block timestamp truncated to day granularity. The total number of trades is calculated by counting the total records within each daily interval.
- **Key fields**: `block_timestamp`

### Component C: Metric finalization and zero-filling

- **Purpose**: Data continuity and schema consistency are ensured.
- **Logic**: The daily trade counts are finalized by casting fields to their correct data types and validating chain and data identifiers. Missing days in the time series are filled with zeros to ensure a continuous daily record. Chain availability filters are applied to align the data with active periods.

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

Number of trades executed on a decentralized exchange.

Trade count

Derivative exchanges

The network uses pessimistic proofs via the AgglayerGateway for settlement on Ethereum, with vault bridges for cross-chain asset transfers.

Katana Network provides a scalable execution environment connected to Ethereum through the Agglayer interoperability layer.

Katana Perps

Trade count

Trade count

Chain breakdown