Liquidity providers deposit funds into liquidity pools with different liquidity management strategies and receive trading fees from traders (supply-side fees).

Maverick is a non-custodial exchange protocol built on  Ethereum, Binance Smart Chain, Base, and zkSync Era. Maverick was founded by Alvin Xu and Bob Baxley in March 2023.

MAV tokenholders own and govern the protocol. Currently, the protocol does not take a cut of the trading fees. Maverick's investors include Pantera Capital, Binance Labs, Coinbase Ventures, and Apollo Crypto.

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Maverick Protocol

# Maverick Protocol Fees Methodology

## 1. Overview

The Maverick fees metric calculates the total trading fees generated by Maverick V1 decentralized exchange across Ethereum, BSC, Base, and zkSync Era. Fees are calculated by multiplying the daily USD trading volume by each pool's fee tier. This metric answers how much revenue Maverick generates from trading activity and provides insight into the protocol's fee-earning capacity across different chains and trading pairs.

## 2. Data sources

- **Blockchain events**: Parsed `Pool_Swap_event` logs from Maverick V1 pool contracts on Ethereum, BSC, Base, and zkSync Era capturing trade amounts, directions, and pool addresses
- **Pool creation events**: `Factory_PoolCreated_event` logs from Maverick V1 factory contracts containing fee tier configurations for each trading pair
- **Transaction data**: Transaction records from Ethereum, BSC, Base, and zkSync Era providing user addresses and transaction context
- **External data**: End-of-day token price feeds for USD conversion and token metadata including decimal places and symbols

## 3. Step-by-step calculation

### Component A: Trading pair configuration
- **Purpose**: Establishes the fee structure and token details for each Maverick trading pair
- **Logic**: Processes pool creation events from Maverick V1 factory contracts across all supported chains. Extracts pool addresses, token pairs (tokenA/tokenB), and converts fee tiers from 18-decimal format to percentage format by dividing by 10^18. Joins with token metadata to obtain decimal places and symbols for proper amount conversion and trading pair naming
- **Key fields**: `poolAddress` identifies each unique trading pair, `fee` contains the fee tier in 18-decimal format, `tokenA` and `tokenB` are the paired token addresses

### Component B: Trade event processing  
- **Purpose**: Captures individual swap transactions and determines trade amounts for each token
- **Logic**: Processes swap events from Maverick V1 pools, extracting trade amounts and directions. Uses the `tokenAIn` boolean to determine trade direction - when true, tokenA is being traded in for tokenB out, when false, tokenB is being traded in for tokenA out. Joins with transaction data to identify the user initiating each trade. Splits amounts into token0 and token1 components based on trade direction, with positive values for inbound amounts and negative values for outbound amounts
- **Key fields**: `amountIn` and `amountOut` represent raw token amounts, `tokenAIn` indicates trade direction, `address` identifies the pool contract

### Component C: Volume aggregation and USD conversion
- **Purpose**: Aggregates daily trading volumes and converts to USD values using price feeds
- **Logic**: Groups trades by day and trading pair, summing absolute token amounts after converting to proper decimal format using each token's decimal places. Joins with end-of-day price feeds for both tokens in each pair. Calculates USD value for both token amounts and takes the minimum value between the two to prevent price manipulation attacks. This approach ensures volume calculation is based on the more conservative price estimate
- **Key fields**: `token0_amount` and `token1_amount` are daily aggregated volumes, `price_usd` from price feeds enables USD conversion

### Final aggregation
- **Combining components**: Trades are joined with trading pair configurations to access fee tiers, then aggregated daily and converted to USD volumes
- **Currency conversion**: Uses end-of-day token price feeds with the minimum price approach between token pairs to ensure conservative volume estimates
- **Time aggregation**: All trading activity is aggregated to daily boundaries using timestamp truncation
- **Final calculation**: Fees are calculated as trading volume (in USD) multiplied by the pool's fee tier percentage. The result represents the total fees generated by each trading pair on each day across all supported chains

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

Total value users pay to use a protocol (gross fees, user-paid fees).

Maverick ProtocolMAV

Fees

Fees

Competitive landscape

Chain breakdown