OpenChat users can send messages to each other containing tokens such as ICP. Users can upgrade to Diamond membership to have access to extra or enhanced features.

OpenChat is a chat application running end-to-end on the Internet Computer blockchain.

CHAT tokenholders own and govern the protocol.

github

twitter

website

Social

OpenChat

# OpenChat Token trading volume Methodology

## 1. Overview

Token trading volume measures the total USD value of OpenChat's native token traded across all exchanges in a given day. This metric provides insight into market activity and liquidity for the OpenChat token. The calculation uses CoinGecko's aggregated trading volume data, which consolidates trading activity from both centralized and decentralized exchanges.

## 2. Data sources

The metric relies on the following data sources:
- **CoinGecko API trading volume data**: Daily aggregated trading volumes for the OpenChat token across all supported exchanges
- **Token metadata**: OpenChat token identification data including symbol, contract address, and CoinGecko token ID mappings
- **Exchange trading data**: Pre-aggregated trading volumes from centralized exchanges (like Binance, Coinbase) and decentralized exchanges (like Uniswap, SushiSwap) as collected and standardized by CoinGecko
- **Currency conversion data**: USD conversion rates applied by CoinGecko for volume normalization

## 3. Step-by-step calculation

### Component A: Token identification and volume retrieval
- **Purpose**: Identifies the OpenChat token and retrieves its daily trading volume data from CoinGecko
- **Logic**: The system uses the project identifier 'openchat' to map to the corresponding token in CoinGecko's database. This mapping connects the OpenChat project to its native token's CoinGecko entry, which includes the token's symbol, contract address, and unique CoinGecko ID. Once identified, the system retrieves daily trading volume data that CoinGecko has already aggregated from multiple exchanges
- **Key fields**: `date` for the trading day, `volume_usd` for the total trading volume in USD, `token_symbol` for the token identifier, and `project_id` for linking to OpenChat

### Component B: Data standardization and formatting
- **Purpose**: Applies consistent formatting and handles missing data through the finalization process
- **Logic**: The retrieved trading volume data is processed through a standardization layer that ensures consistent date formatting, validates USD amounts, and implements a zero-filling strategy for days when no trading occurred. This process aligns the data with Token Terminal's standard metric format and fills gaps in the time series with zero values rather than leaving them blank
- **Key fields**: `dt` for standardized date format, `value` for the final trading volume amount, `symbol` for token identification, and `project_id` for project association

### Final aggregation
- **Combining components**: The token identification and standardization components work sequentially, with the volume retrieval feeding directly into the formatting process
- **Currency conversion**: All volumes are already in USD as provided by CoinGecko's pre-processed data
- **Time aggregation**: Daily boundaries are maintained as provided by CoinGecko, with each day representing 24-hour trading volume totals
- **Final calculation**: The final metric value represents the total USD trading volume for OpenChat's token on each day, with zero values inserted for days with no recorded trading activity. No additional mathematical transformations are applied to the volume amounts beyond the standardization formatting.

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

Total trading volume of the project's native token across spot venues.

OpenChatCHAT

Token trading volume

Token trading volume

Competitive landscape