Creators & users sell NFTs on LooksRare. They receive royalties from secondary sales (supply-side fees).

LooksRare is a non-custodial NFT marketplace protocol built on Ethereum and launched in 2022.

LOOKS tokenholders own and govern the protocol. They currently take a cut of the total transaction fees paid by buyers (revenue).

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LooksRare

# LooksRare Treasury (net) Methodology

## 1. Overview

Treasury net measures the total USD value of all tokens held in LooksRare's treasury wallets, excluding the protocol's native LOOKS token. This metric provides insight into the protocol's diversified asset holdings and financial reserves. The calculation tracks token balances across specified treasury addresses on Ethereum and converts the holdings to USD using end-of-day price feeds.

## 2. Data sources

- **Blockchain events**: Parsed Ethereum `Transfer` events from ERC-20 token contracts to track token movements into and out of treasury addresses
- **Transaction data**: Ethereum transaction logs containing token transfer details including sender, recipient, token contract, and amount
- **External data**: End-of-day token price feeds for USD conversion and token metadata including symbols and decimal precision
- **Protocol data**: LooksRare treasury wallet addresses that hold protocol assets

## 3. Step-by-step calculation

### Component A: Token balance tracking
- **Purpose**: Track token balance changes for LooksRare treasury addresses
- **Logic**: Process Ethereum `Transfer` events to identify token movements affecting the specified treasury addresses. The system tracks both inflows (when treasury addresses are recipients) and outflows (when treasury addresses are senders). Balance changes are calculated as the net difference between inflows and outflows for each token on each day.
- **Key fields**: `timestamp`, `account_address`, `token_address`, `balance` (net change amount)

### Component B: Treasury address filtering
- **Purpose**: Focus on official LooksRare treasury holdings
- **Logic**: Filter token balance data to include only two specific treasury addresses: `0x6757f73cddf4c16171281ff869e620c6ce30e12b` and `0xc8c57e4c73c71f72ca0a7e043e5d2d144f98ef13` on Ethereum. Exclude the native LOOKS token (`0xf4d2888d29d722226fafa5d9b24f9164c092421e`) to avoid double-counting protocol assets and focus on diversified holdings.
- **Key fields**: `chain_id`, `account_address`, `token_address`

### Component C: Cumulative balance calculation
- **Purpose**: Convert daily balance changes into running total balances
- **Logic**: Apply cumulative sum calculations using window functions partitioned by token and address. Each day's balance represents the total tokens held as of that date, calculated by summing all prior balance changes. This creates a running total that reflects the actual token holdings over time.
- **Key fields**: `balance` (cumulative total)

### Component D: Data continuity
- **Purpose**: Ensure continuous daily data coverage
- **Logic**: Apply forward-filling logic to propagate the last known balance forward for dates when no balance changes occurred. This ensures that the treasury balance is represented for every day, even when no token transfers happened.
- **Key fields**: Forward-filled `balance` values

### Component E: USD conversion
- **Purpose**: Convert token amounts to USD values
- **Logic**: Join the token balance data with end-of-day price feeds using timestamp, chain, and token address as join keys. Multiply the token balance by the corresponding USD price to get the dollar value of holdings. Filter to include only positive balances and use daily price granularity for consistency.
- **Key fields**: `amount` (USD value), `price_usd`

### Final aggregation
- **Combining components**: Sum all individual token USD values to calculate the total treasury net worth
- **Currency conversion**: USD conversion occurs at the token level using end-of-day prices before final summation
- **Time aggregation**: Daily boundaries based on timestamp, with data aggregated to show total treasury value per day
- **Final calculation**: The treasury net metric equals the sum of all USD-converted token balances held across all treasury addresses, excluding the native LOOKS token

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

Total value of a project's treasury excluding its native token.

LooksRareLOOKS

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Treasury (net)

Treasury (net)

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