Liquidity providers deposit funds into Osmosis and receive trading fees from traders (supply-side fees).

Osmosis is a non-custodial exchange protocol built on Cosmos ecosystem. Osmosis was launched in June 2021.

OSMO token holders own and govern the protocol. They currently do not take a cut of the total trading fees paid by traders (revenue).

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Osmosis

# Osmosis Trading volume Methodology

## 1. Overview

Osmosis trading volume measures the total value of trades executed on the Osmosis decentralized exchange (DEX) on a daily basis. This metric answers the question "How much trading activity is occurring on Osmosis?" and uses pre-aggregated volume data collected via external scraping services rather than calculating volumes from individual transaction data.

## 2. Data sources

- **External scraper data**: Pre-aggregated daily trading volume data collected by external scraper services that monitor Osmosis blockchain activity
- **Token Terminal categorization system**: Internal classification system that standardizes business lines, market sectors, and business segments across different protocols

## 3. Step-by-step calculation

### Component A: Data standardization layer
- **Purpose**: Transform raw scraped volume data into Token Terminal's standardized format
- **Logic**: Raw volume data from the external scraper service is processed to create a consistent data structure. Each record is classified with standardized categorical values: Osmosis is designated as an 'Exchange AMM' business line within the 'exchanges' market sector and 'dex' business segment. The `timestamp_grain` is set to 'day' to indicate daily aggregation, `product_id` is set to null since Osmosis operates as a single product, and the version is marked as 'v1'. Raw volume values are converted to high-precision numeric format to ensure accurate calculations.
- **Key fields**: `timestamp` (trading date), `value` (converted to `amount` as trading volume), `chain` (set to 'osmosis'), categorical classification fields

### Component B: Volume aggregation
- **Purpose**: Calculate total daily trading volumes across all trading activity
- **Logic**: Standardized trade data is grouped by date, time grain, chain identifier, market sector, business segment, and product identifier. Within each group, all `amount` values are summed to produce the total `trading_volume` for that combination of dimensions. This aggregation handles any potential duplicate records or sub-daily breakdowns in the source data.
- **Key fields**: `trading_volume` (sum of all amounts), grouping dimensions for time and categorical classifications

### Final aggregation
- **Combining components**: The standardized data flows directly into the aggregation step since there's only one data source
- **Currency conversion**: Volume amounts are maintained in their original currency units as provided by the scraper service
- **Time aggregation**: Data is aggregated at daily boundaries as specified by the 'day' timestamp grain
- **Final calculation**: The final trading volume metric represents the sum of all trading activity amounts on Osmosis for each day, processed through Token Terminal's metric finalization framework to ensure schema consistency, validate categorical identifiers, and fill any gaps in the time series with zero values where no trading occurred

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

Total value of spot trades executed on the exchange.

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