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 Trading volume Methodology

## 1. Overview

Maverick trading volume measures the total USD value of tokens traded on Maverick DEX across supported chains. The metric captures trading activity from automated market maker (AMM) pools, converting token swap amounts to USD values using end-of-day price feeds. The calculation applies anti-manipulation logic by taking the lesser USD value between the two tokens in each swap, ensuring accurate volume reporting even when one token may have inflated or manipulated pricing.

## 2. Data sources

- **Maverick swap events**: Parsed `Pool_Swap_event` logs from Maverick v1 deployments on Ethereum, BSC, Base, and zkSync Era containing swap amounts, directions, and pool addresses
- **Pool creation events**: Parsed `Factory_PoolCreated_event` logs from Maverick v1 factory contracts providing trading pair configurations, token addresses, and fee tier information
- **Transaction data**: Blockchain transaction records from Ethereum, BSC, Base, and zkSync Era to link swap events to user addresses
- **Token metadata**: Token symbols and decimal configurations for amount normalization
- **End-of-day price feeds**: Daily token price data in USD for volume conversion

## 3. Step-by-step calculation

### Component A: Raw trade extraction
- **Purpose**: Extracts individual swap transactions from Maverick AMM pools across all supported chains
- **Logic**: Processes `Pool_Swap_event` logs from Maverick v1 deployments on Ethereum, BSC, Base, and zkSync Era. Each swap event contains the pool address, input amount (`amountIn`), output amount (`amountOut`), and trade direction (`tokenAIn` boolean indicating which token is being sold). Transaction data is joined to capture the user address performing the swap. Each trade is classified with business metadata as 'Exchange AMM' business line, 'exchanges' market sector, and 'dex' business segment
- **Key fields**: `block_timestamp`, `transaction_hash`, `log_index`, pool `address`, `amountIn`, `amountOut`, `tokenAIn` trade direction flag, and user `from_address`

### Component B: Trading pair configuration
- **Purpose**: Creates dimensional data for Maverick trading pairs including token metadata and fee structures
- **Logic**: Processes `Factory_PoolCreated_event` logs from Maverick factory contracts to identify all created trading pairs. Extracts pool addresses, token A and token B addresses, fee tiers, and protocol fee ratios. Joins with token metadata to obtain decimal places and symbols for each token, creating human-readable pair names by concatenating token symbols
- **Key fields**: Pool `poolAddress`, `tokenA` and `tokenB` addresses, `fee` tier, `protocolFeeRatio`, token `decimals`, and constructed `account_name` pair identifier

### Component C: Volume normalization and USD conversion
- **Purpose**: Converts raw swap amounts to normalized token quantities and USD values with anti-manipulation protection
- **Logic**: Joins raw trades with trading pair configurations to access token decimal information. Normalizes token amounts by dividing raw values by 10 raised to the respective token's decimal places. Calculates separate token amounts based on trade direction - when `tokenAIn` is true, `token0_amount` equals `amountIn` and `token1_amount` equals negative `amountOut`, and vice versa. Converts normalized amounts to USD using end-of-day price feeds for both tokens. Applies anti-manipulation logic by taking the lesser USD value between the two tokens using the LEAST function, protecting against inflated pricing on either side of the trade
- **Key fields**: Normalized `token0_amount` and `token1_amount`, USD `price_usd` values, and final `trading_volume` in USD

### Final aggregation
- **Combining components**: Aggregates individual trade volumes by summing the USD trading volumes across all swaps for each day, chain, market sector, business segment, and product combination
- **Currency conversion**: Uses end-of-day token price feeds to convert normalized token amounts to USD, taking the lesser of the two token values to prevent manipulation
- **Time aggregation**: Groups trades by calendar day boundaries using timestamp truncation to daily granularity
- **Final calculation**: Sums all anti-manipulation filtered USD trading volumes across all Maverick pools and supported chains, applies schema validation and gap-filling through the finalize_metric_trading_volume macro to ensure data completeness and consistency

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

Total value of spot trades executed on the exchange.

Maverick ProtocolMAV

Trading volume

Trading volume

Competitive landscape

Chain breakdown