# Tradeable assets Methodology

## Overview

Tradeable assets measures the number of unique tokens users can trade on the decentralized exchange. It reflects the breadth of the project’s token coverage.

## Data sources

- Factory contract events capturing trading pair and pool creation
- Program instructions for pool initialization on Solana
- Asset metadata for token identification and decimal normalization

## Common calculation approaches

### Factory event extraction
Unique token addresses are extracted from factory contract events such as `PairCreated` and `PoolCreated` from Uniswap and PancakeSwap. Each distinct token address is recorded upon its first appearance in a trading pair or liquidity pool to maintain a cumulative count of tradeable assets.

### Program instruction analysis
On Solana, token mint addresses are extracted from pool initialization program instructions from platforms like Orca. These instructions provide the primary data source for identifying new assets as they are introduced to the exchange's ecosystem.

### Multi-version and cross-chain aggregation
Asset counts are aggregated across multiple protocol versions and blockchain deployments, including QuickSwap and SushiSwap. This approach ensures that tokens appearing in various contract versions, such as V2 and V3, are deduplicated to reflect the total breadth of the platform's coverage.

**Note:** The calculation approaches and protocol examples above are representative patterns. Individual protocol implementations may vary.

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

Number of unique tokens tradeable on the exchange.

Tradeable assets

Exchanges (DEX)

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

PancakeSwap is a non-custodial exchange protocol built on Binance Smart Chain and other blockchains (originally a fork of Uniswap). PancakeSwap was founded by an anonymous team and launched in 2020.

CAKE tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

PancakeSwap V3

Tradeable assets

Tradeable assets

Chain breakdown