Users bet on the prediction market and receive winnings from other users.

SX is a non-custodial, community-owned sports betting and political prediction market. It is built on SX Network, an EVM-compatible Polygon Edge application blockchain. SX was founded by Andrew Young, Julian Wilson, Jake Hannah, and launched in 2019.

SX tokenholders own and govern the protocol. They currently take all of the total betting fees paid by users (revenue). SX's investors include CMCC Global, Nascent, Sybil Capital, etc.

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Prediction markets

# SX Trading volume Methodology

## 1. Overview

SX trading volume measures the total betting volume on the SX prediction market platform. This metric captures the dollar value of all bets placed on prediction markets hosted by SX, aggregated daily. Unlike traditional DeFi protocols that derive metrics from blockchain events, SX trading volume is calculated from external API data scraped directly from the SX platform's metrics endpoints, as the prediction market operates through centralized infrastructure rather than fully on-chain mechanisms.

## 2. Data sources

The calculation relies on external API data rather than blockchain events:

- **SX platform API data**: Raw betting volume metrics scraped from SX's external API endpoints, containing timestamp, token denomination, and volume information for all prediction market betting activity
- **API scraper infrastructure**: Automated data collection system that regularly polls SX platform APIs to capture real-time betting volume metrics
- **Token denomination data**: Token information provided by the SX platform API to identify the currency of betting volumes

## 3. Step-by-step calculation

### Component A: Raw volume data extraction
- **Purpose**: Extracts and standardizes raw betting volume data from SX's external APIs
- **Logic**: The system retrieves raw metrics from the SX API scraper, which contains daily betting volume aggregated by the platform itself. Data is filtered to include only records from December 7, 2020 onwards to align with SX's operational history. Each record contains a timestamp, token denomination, and volume amount representing total betting volume for that day and currency
- **Key fields**: `timestamp` for daily aggregation boundaries, `denomination` for the token currency of bets, `volume` for the total betting amount

### Component B: Data standardization and categorization  
- **Purpose**: Transforms raw API data into standardized metric format with proper business categorizations
- **Logic**: Raw timestamps are converted to proper timestamp format for consistent time-based analysis. The system sets `chain` to 'unknown' since SX operates primarily through centralized prediction market infrastructure rather than a specific blockchain. Business classifications are applied with `business_line` set to 'Prediction market', `market_sector_id` to 'prediction_markets', and `business_segment_id` to 'betting' to properly categorize this activity. Token denominations are converted to lowercase format as `token_address` for consistency with other metrics. Volume amounts are cast to high-precision numeric format to handle large betting volumes accurately
- **Key fields**: Standardized `timestamp`, `chain_id`, `market_sector_id`, `business_segment_id`, `token_address`, and `amount` fields following Token Terminal's metric schema

### Final aggregation
- **Combining components**: The standardized betting volume data flows through Token Terminal's metric finalization process, which validates the data schema and ensures consistency with other platform metrics
- **Currency conversion**: Currency conversion is handled through standard Token Terminal processes using the token denominations provided by the SX API
- **Time aggregation**: Data is aggregated on daily boundaries as specified by the `timestamp_grain` field, with volumes representing total betting activity for each day
- **Final calculation**: The final trading volume metric represents the sum of all betting volumes on SX prediction markets for each day, with any data gaps filled with zero values to maintain consistent time series. Chain availability filtering is applied to ensure data quality and consistency across the Token Terminal platform

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

Total value of spot trades executed on the exchange.

SXSX

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Trading volume

Trading volume

Competitive landscape

Chain breakdown