# Mythos Substrate Staking market cap Methodology

## 1. Overview

The value of native assets currently staked on the Mythos Substrate blockchain is measured by Staking market cap. The total capital helping to secure the network through the proof-of-stake mechanism is reflected by this metric. Assets are valued based on current market prices and represent the total security commitment of participants within the Mythos Substrate ecosystem.

## 2. Data sources

- **Blockchain events**: `StakeAdded` and `StakeRemoved` events from `collatorStaking` pallets, covering Mythos
- **External data**: End-of-day price feeds for the native asset

## 3. Step-by-step calculation

### Component A: Mythos Substrate staking activity extraction

- **Purpose**: Extract the raw changes in staked assets from the blockchain.
- **Logic**: `StakeAdded` and `StakeRemoved` events are parsed from `collatorStaking` pallets on Mythos Substrate. The change in staked volume is extracted from the third parameter of the event data. Increases in stake are treated as positive increments, while removals are treated as negative decrements. All extracted amounts are normalized by decimal precision.
- **Key fields**: `block_timestamp`, `event_pallet`, `event_method`, `event_data`

### Component B: Cumulative stake aggregation

- **Purpose**: Calculate the total outstanding balance of staked assets for each day.
- **Logic**: Net daily changes in staked assets are aggregated by summing the positive and negative movements identified in Component A. A cumulative running total of these net changes is then calculated across the historical time series to determine the total quantity of staked assets for each daily timestamp.

### Component C: USD conversion and finalization

- **Purpose**: Normalize the staked quantities into USD and finalize the metric.
- **Logic**: The cumulative staked asset balances are multiplied by end-of-day price feeds for the native asset. Any missing days in the time series are handled through a zero-filling strategy to ensure data continuity. Final values are aggregated with daily granularity using UTC day boundaries.

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

Value of native tokens currently staked to secure a proof-of-stake network.

Staking market cap

Blockchains (L1)

Collators aggregate parachain transactions block candidates and producing state transition proofs for validators based on those blocks.

Mythos Substrate

Archived

Staking market cap

Staking market cap

Chain breakdown