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

Pika Protocol is a non-custodial exchange for perpetual contracts built on Optimism. Pika Protocol was founded by an anonymous team and was launched in 2021.

PIKA tokenholders own and govern the protocol. Pika Protocol has no private investors.

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Pika Protocol

# Pika Protocol Maximum token supply Methodology

## 1. Overview

The maximum token supply metric represents the theoretical maximum number of tokens that can ever exist for Pika Protocol. This metric answers the question: "What is the hard cap on the total token supply as defined by the protocol's tokenomics?" The calculation uses a static configuration approach since maximum token supply is a fixed protocol parameter that doesn't change based on blockchain activity.

## 2. Data sources

This metric relies on protocol specifications rather than blockchain data:
- **Protocol tokenomics**: Fixed maximum supply parameters defined in the protocol's design
- **Launch configuration**: Protocol launch date when the token supply cap became effective
- **Time series infrastructure**: Daily timestamp generation for metric availability

## 3. Step-by-step calculation

### Component A: Protocol configuration
- **Purpose**: Define the fundamental token supply parameters for Pika Protocol
- **Logic**: The maximum token supply is set as a hardcoded value of 100,000,000 tokens, representing the absolute maximum number of tokens that can ever exist according to the protocol's tokenomics design. The launch date is established as May 27, 2023 at midnight UTC, marking when this supply cap became effective. The metric uses daily time granularity to provide consistent daily reporting.
- **Key fields**: The `timestamp` field marks the protocol launch date, `timestamp_grain` defines daily intervals, and `token_supply_maximum` contains the fixed supply cap of 100,000,000 tokens.

### Final aggregation
- **Combining components**: No aggregation is needed since this is a single static configuration
- **Currency conversion**: Not applicable - this metric represents token count, not monetary value
- **Time aggregation**: The finalize macro applies a fill-forward strategy to create daily time series data from the launch date onwards, ensuring the maximum supply value is available for every day from May 27, 2023 through the present
- **Final calculation**: The final metric value is consistently 100,000,000 tokens for every day from the protocol launch date forward, representing the unchanging maximum token supply cap defined by Pika Protocol's tokenomics

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

Maximum number of tokens that can exist under the current token economics.

Pika ProtocolPIKA

Maximum token supply

Maximum token supply

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