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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Exchanges (DEX)

Maverick Protocol

# Maverick Protocol Tradeable assets Methodology

## 1. Overview

The tradeable assets metric measures the cumulative count of unique tokens that have been listed in trading pairs on Maverick DEX across all supported blockchain networks. This metric tracks the growth of token diversity and market expansion by counting each unique token address that appears in any Maverick liquidity pool, providing insight into the platform's asset coverage and market development over time.

## 2. Data sources

- **Factory contract events**: Parsed `PoolCreated` events from Maverick V1 Factory contracts across Ethereum, BSC, Base, and zkSync Era blockchains
- **Token metadata**: Token registry data containing token symbols and decimal precision for display and calculation purposes
- **Event data structure**: Each pool creation event contains pool address, token pair addresses (`tokenA` and `tokenB`), fee tier information, and protocol fee ratios

## 3. Step-by-step calculation

### Component A: Trading pair extraction
- **Purpose**: Extract all trading pairs created on Maverick DEX across supported chains
- **Logic**: Parse `PoolCreated` events from Maverick V1 Factory contracts on Ethereum, BSC, Base, and zkSync Era. Extract the pool address, token pair addresses (`tokenA` and `tokenB`), fee tiers, and protocol fee ratios. Convert fee information from wei (18 decimals) to standard decimal format. Join with token metadata to get token symbols and decimal precision for proper identification.
- **Key fields**: `poolAddress`, `tokenA`, `tokenB` addresses, `fee` tier, `protocolFeeRatio`, token `symbols`, and token `decimals`

### Component B: Token address consolidation
- **Purpose**: Create a comprehensive list of all unique tokens available for trading
- **Logic**: Union the `token0_address` and `token1_address` from all trading pairs to create a single list of token addresses. This ensures each token is counted regardless of whether it appears as the first or second token in a pair. Deduplicate to get unique token addresses per chain and truncate timestamps to daily grain for aggregation.
- **Key fields**: `token_address`, daily `timestamp`, `chain` identifier

### Component C: First appearance tracking
- **Purpose**: Determine when each token first became tradeable on each chain
- **Logic**: Group by token address and chain, then find the minimum timestamp when each token first appeared in any trading pair. This establishes the "launch date" for each token on each blockchain network within the Maverick ecosystem.
- **Key fields**: First appearance `timestamp`, `chain`, `token_address`

### Component D: Daily new asset counting
- **Purpose**: Count how many new unique tokens became available each day
- **Logic**: Group first appearances by date and chain, counting distinct token addresses to determine daily additions to the tradeable asset universe. Apply zero-filling to ensure continuous daily time series with no gaps, setting asset count to zero for days with no new token listings.
- **Key fields**: Daily `asset_count`, `timestamp`, `chain`

### Final aggregation
- **Combining components**: Sum daily new asset counts over time within each chain using a cumulative window function to track total growth
- **Currency conversion**: No currency conversion required as this metric counts asset quantities rather than values
- **Time aggregation**: Data is aggregated to daily grain with continuous time series maintained through zero-filling
- **Final calculation**: Apply running sum of daily new assets ordered by timestamp within each chain partition to get cumulative tradeable assets count, then standardize with market sector classification as 'exchanges', business segment as 'dex', and product as 'dex'

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

Number of unique tokens tradeable on the exchange.

Maverick ProtocolMAV

Tradeable assets

Tradeable assets

Competitive landscape

Chain breakdown