Liquidity providers deposit funds into Pharaoh and stake their LP tokens to receive PHAR tokens in proportion to their share of the votes (token incentives).

Pharaoh is a non-custodial exchange protocol built on Avalanche. Pharaoh was founded in 2023.

PHAR tokenholders own and govern the protocol. They vote which pools they wish to earn trading fees from (revenue).

website

twitter

discord

Exchanges (DEX)

Pharaoh

# Pharaoh Tradeable assets Methodology

## 1. Overview

Tradeable assets measures the total number of unique assets available for trading across all versions of the Pharaoh decentralized exchange. It reflects the breadth of the platform's token coverage and the historical growth of its liquidity layers, including Legacy Pair, Concentrated Liquidity Pool, and Concentrated Liquidity Pool V3 products. This metric provides a cumulative count of every unique asset integrated into a liquidity pool since the protocol's inception.

## 2. Data sources

- **Blockchain events**: `PairCreated` and `PoolCreated` events from `Factory` and `RamsesV3Factory` contracts, covering Avalanche
- **External data**: Asset metadata for symbol and decimal normalization

## 3. Step-by-step calculation

### Component A: Legacy and Concentrated Liquidity Pool asset extraction

- **Purpose**: Identify all unique assets involved in the protocol's liquidity pools.
- **Logic**: Unique token addresses are extracted from `PairCreated` events from `Factory` contracts (V1) and `PoolCreated` events from `Factory` (V2) and `RamsesV3Factory` (V3) contracts. Both `token0` and `token1` addresses are captured for every pool deployment across Legacy Pair, Concentrated Liquidity Pool, and Concentrated Liquidity Pool V3 products.
- **Key fields**: `token0_address`, `token1_address`, `block_timestamp`

### Component B: Asset discovery tracking

- **Purpose**: Determine the specific date each asset was first introduced to the exchange.
- **Logic**: The first appearance of each unique asset address is identified by calculating the minimum `block_timestamp` associated with that address across all parsed events. This discovery date is truncated to a daily grain to establish when an asset is officially counted as part of the tradeable inventory.
- **Key fields**: `token_address`, `block_timestamp`

### Component C: Cumulative aggregation

- **Purpose**: Calculate the running total of tradeable assets over time.
- **Logic**: The count of unique assets discovered each day is aggregated. A cumulative sum is applied to these daily counts, partitioned by chain and ordered by timestamp, to reflect the total number of tradeable assets available at any given point in time. Missing values for days with no new asset discoveries are zero-filled to ensure a continuous daily time series.
- **Key fields**: `asset_count`, `tradeable_assets`

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

Number of unique tokens tradeable on the exchange.

PharaohPHAR

Archived

Tradeable assets

Tradeable assets

Competitive landscape