CPERr, issued by Step Labs LLC, is a tokenized commodity token providing onchain economic exposure to copper that the issuer expressly states is not itself the underlying asset and grants no ownership rights [S1][S2].

Holders receive economic exposure tracking the price of copper, referenced against the London Metal Exchange (LME) Copper Price, with the position marketed as backed 1:1 by the underlying held through a regulated custodian [S3][S4]. The issuer notes the onchain price may diverge from the traditional reference price and that arbitrage helps realign the two [S3]. Remora Markets markets trading with no commissions [S1].

Step Labs LLC, trading as Remora Markets, is a Cook Islands company (Registration Number LLC15405/2024) whose terms are governed by the laws of the Cook Islands [S5][S4]. The issuer states it is in the process of seeking regulatory authorization and licensing, and that tokens are not stocks and convey no ownership or rights to underlying assets [S2]. Offerings are not directed at U.S. persons or sanctioned or prohibited jurisdictions, and access is limited to persons aged 18 or older verified through iDenfy UAB [S2][S1][S4]. Alpaca Securities LLC acts as paying agent upon a Realization Event [S4].

Tokens are issued as SPL tokens on Solana, composable across Solana decentralized finance [S1]. Step Labs LLC tokenizes the asset, Alpaca Securities LLC serves as custodian and broker for the underlying, and Alpaca Crypto LLC handles conversion between USD Coin (USDC) and U.S. dollars (USD) for minting and burning [S4][S1].

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://remoramarkets.xyz/" },
    { id: "S2", url: "https://remoramarkets.xyz/legal-documentation/disclaimer" },
    { id: "S3", url: "https://remoramarkets.xyz/legal-documentation/privacy-policy" },
    { id: "S4", url: "https://remoramarkets.xyz/legal-documentation/service-providers" },
    { id: "S5", url: "https://remoramarkets.xyz/legal-documentation/terms-of-use" },
  ]}
/>


# Asset transfer count methodology

## 1. Overview

Asset transfer count is defined as the number of user transactions that move assets between addresses. It is utilized to reflect how frequently assets are used for payments, trading, or other onchain activity. The metric is calculated daily for each tracked asset across all supported blockchains. By aggregating these transfer events, a comprehensive view of onchain utility and transactional velocity is provided.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token transfers
- **Other blockchain events**: Token transfers, withdrawals, and mint events across non-EVM chains (Solana, Aptos, Near, Polkadot Asset Hub, Stellar, and others)
- **Asset metadata**: Token addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract and count raw transfer events

- **Purpose**: Identify and count individual token transfer events on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, ERC-20 token transfers are parsed and counted. On Solana, SPL token transfers are parsed and counted. On Aptos, Near, and Ripple, token transfers and withdrawals are parsed and counted. On Stellar, classic token withdrawals and Soroban token transfers are aggregated. On Sui, token withdrawals and token mint events are aggregated. On Cardano, UTXO withdrawals and token mint events are aggregated. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed.
- **Key fields**: `token_address`: The unique identifier of the token contract or asset. `block_timestamp`: The timestamp of the transaction block.

### Component B: Daily aggregation and zero-filling

- **Purpose**: Aggregate the daily transfer counts per asset and ensure continuous time-series data.
- **Logic**: The extracted transfer counts are aggregated daily for each token address on its respective chain. For days where no transfer activity is recorded for a tracked asset, the time series is filled with zero values to ensure a continuous daily record.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The daily count of transfers per token on a specific chain.

### Component C: Final aggregation

- **Purpose**: Combine the daily transfer counts across all supported chains for each asset.
- **Logic**: The daily transfer counts from all individual chains are combined. Token addresses are mapped to unique asset identifiers using asset metadata. The final daily asset transfer count is then aggregated across all chains for each asset.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The total aggregated daily transfer count for the asset.

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

Number of transfer transactions involving the asset.

Asset transfer count

Tokenized commodities

Remora Markets operates by tokenizing traditional stocks into blockchain-based assets that can be traded on Solana, providing continuous market access beyond traditional trading hours. The platform leverages smart contracts for instant settlement and integrates with existing DeFi protocols to enable seamless portfolio diversification and global accessibility without geographic restrictions.

The platform enables global investors to trade tokenized versions of major public companies like Tesla, Nvidia, and SPY through blockchain technology. It offers 24/7 trading capabilities, fractional ownership, instant settlement, and commission-free transactions for traditional equities in a decentralized environment integrated with Solana's DeFi ecosystem.

Remora Markets is a decentralized financial platform that provides tokenized stock trading infrastructure on the Solana blockchain.

Copper rStockCPERr