# Pons V1 Trading volume Methodology

## 1. Overview

Trading volume is measured as the total value of trades executed on Pons V1. Swaps are executed on Uniswap V3 pools associated with assets launched via Pons V1. The volume is denominated in the quote asset of each pool and converted to USD using end-of-day price feeds. This metric is utilized to analyze the trading activity and liquidity of assets launched via Pons V1.

## 2. Data sources

- **Blockchain events**: `TokenLaunched` events from `TokenFactory` and `LegacyTokenFactory` contracts, and `Swap` events from Uniswap V3 `Pool` contracts, covering Robinhood Chain
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Pool identification

- **Purpose**: Identification of active Pons V1 pools and their associated quote assets
- **Logic**: `TokenLaunched` events from `TokenFactory` and `LegacyTokenFactory` contracts are parsed to map each launched asset to its corresponding Uniswap V3 pool address, quote asset address, and protocol fee share. The position of the quote asset relative to the launched asset is determined to ensure correct volume extraction during swap parsing.
- **Key fields**: `pool` (pool address), `token` (launched asset address), `pairToken` (quote asset address)

### Component B: Swap volume extraction

- **Purpose**: Extraction of the raw trading volume from Uniswap V3 swaps
- **Logic**: `Swap` events from Uniswap V3 `Pool` contracts are filtered to include only those matching the identified Pons V1 pool addresses. The trade amount corresponding to the quote asset is extracted based on whether the quote asset is the first or second asset in the pool pair. The absolute value of this amount is taken to represent the raw trading volume of the swap.
- **Key fields**: `token0_amount` (amount of the first asset), `token1_amount` (amount of the second asset)

### Component C: Normalization and USD conversion

- **Purpose**: Normalization of trading volume by decimal precision and conversion to USD
- **Logic**: Raw trading volumes are aggregated daily by quote asset. These daily volumes are normalized by the decimal precision of the respective quote asset using asset metadata. The normalized volumes are then multiplied by end-of-day price feeds to calculate the USD-denominated trading volume. Missing days are zero-filled to ensure a continuous time series.
- **Key fields**: `trading_volume` (raw volume), `decimals` (asset decimal precision), `price_usd` (asset price in USD)

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

Total value of spot trades executed on the exchange.

Trading volume

Exchanges (DEX)

Pons charges a 0.0005 ETH launch fee and a fee on every trade. Trade fees are shared between the protocol, the token creator and optional meme token buybacks.

Pons is a token launchpad on Robinhood Chain. Version 2 launches sell tokens on a bonding curve and graduate them into locked Uniswap v4 pools, while version 1 launches trade directly in Uniswap v3 pools.