Tokens launch on the Raydium LaunchLab bonding curve under StonkFun's platform configs, where a platform fee of 0.5% to 1% applies to each trade. After graduation to a Raydium CPMM pool, the operator wallet collects the pool's creator fee, and locked liquidity positions are harvested through Raydium Burn & Earn.

StonkFun is a token launchpad on Solana built on Raydium LaunchLab. Its fees come from the platform fee on bonding-curve trades, the creator fee on graduated Raydium CPMM pools and Burn & Earn harvests. Raydium's own project also books the LaunchLab platform fee, so the two overlap by design.

Token creators and traders on Solana. StonkFun is a launchpad whose tokens can be paired with tokenized stocks, SOL and other tokens.

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# stonkfun Trading volume Methodology

## 1. Overview

Trading volume is measured as the total USD value of trades executed on the StonkFun bonding curve platform. This metric is utilized to assess the overall trading activity, liquidity, and usage of the platform's LaunchLab bonding curves. Since trading fees are generated as a percentage of trade sizes, trading volume is used as a primary indicator of the protocol's capacity to generate fees and revenue. Only trades executed within active StonkFun platform configurations prior to AMM graduation are included.

## 2. Data sources

- **Blockchain events**: `CreatePlatformConfig`, `UpdatePlatformConfig`, `TradeEvent`, `BuyExactIn`, `BuyExactOut`, `SellExactIn`, and `SellExactOut` from the `LaunchLab` program, covering Solana
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Platform configuration tracking

- **Purpose**: To identify valid StonkFun platform configurations and their active periods.
- **Logic**: `CreatePlatformConfig` and `UpdatePlatformConfig` from the `LaunchLab` program are parsed to track the platform configurations and their associated claim wallets. Only configurations associated with a designated StonkFun operator or platform fee wallet account are retained. Valid active periods for each configuration are established by ordering these instructions by block slot, transaction index, and top-level instruction index.
- **Key fields**: `platform_config`, `claim_wallet`, `block_slot`, `transaction_index`

### Component B: Trade extraction and filtering

- **Purpose**: To extract trade details and filter for valid StonkFun bonding curve trades.
- **Logic**: Trade details are extracted from `TradeEvent`, `BuyExactIn`, `BuyExactOut`, `SellExactIn`, and `SellExactOut` from the `LaunchLab` program. These instructions are joined with the valid platform configurations to ensure trades were executed on active StonkFun configurations. The base and quote asset amounts are determined based on the trade direction: for buy trades, the quote amount is defined as the input amount and the base amount is defined as the output amount; for sell trades, the quote amount is defined as the output amount and the base amount is defined as the input amount.
- **Key fields**: `transaction_id`, `pool_state`, `trade_direction`, `amount_in`, `amount_out`

### Component C: USD conversion and valuation

- **Purpose**: To normalize trade amounts and convert them to USD.
- **Logic**: Base and quote asset amounts are normalized by decimal precision using asset metadata. USD values for both the base and quote legs of each trade are calculated using end-of-day price feeds. If the base asset is identified as a major asset (USDC, USDT, or SOL), the USD value of the base leg is applied; if the quote asset is identified as a major asset, the USD value of the quote leg is applied; otherwise, the lesser of the two USD values is selected.
- **Key fields**: `base_amount`, `quote_amount`, `price_usd`

### Component D: Aggregation

- **Purpose**: To aggregate trading volume to daily granularity.
- **Logic**: The calculated USD trading volumes are summed by day. Missing days are zero-filled to ensure a continuous time series.
- **Key fields**: `timestamp`, `trading_volume`

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

Total value of spot trades executed on the exchange.

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Trading volume

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