# Mantra Zone Trade count Methodology

## 1. Overview

Trade count measures the total number of swap transactions executed through Mantra Zone. This metric captures the frequency of trading activity and serves as an indicator of user engagement and liquidity utilization within the protocol. Only successful transactions executed on Mantra Zone are included in the calculation.

## 2. Data sources

- **Blockchain events**: `execute_swap_operations` actions from Mantra Zone contracts on Mantra Chain

## 3. Step-by-step calculation

### Component A: Swap transaction identification

- **Purpose**: Identify and extract individual trading events from the blockchain.
- **Logic**: Events are filtered from the `wasm` event type where the `action` attribute is specifically identified as `execute_swap_operations`. The data is restricted to events emitted by the primary Mantra Zone contract address. The transaction hash and associated event attributes are extracted for each identified trade.
- **Key fields**: `transaction_hash`, `action`, `_contract_address`

### Component B: Unique trade aggregation

- **Purpose**: Calculate the distinct number of trades per day.
- **Logic**: A distinct count of transaction hashes is performed to determine the total number of trades. This approach ensures that transactions containing multiple internal swap steps or event emissions are counted as a single trade. The resulting counts are aggregated by day using UTC boundaries and categorized by product and chain.
- **Key fields**: `transaction_hash`, `block_timestamp`

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

Number of trades executed on a decentralized exchange.

Trade count

Exchanges (DEX)

Mantra is a Decentralized Exchange (DEX), initially built on Ethereum and upgraded to the Mantra Chain, a blockchain built on the Cosmos SDK.

Mantra Zone

Archived

Trade count

Trade count

Chain breakdown