# Uniswap V2 Tradeable assets Methodology

## 1. Overview

Tradeable assets is measured as the cumulative number of unique assets available for trading on Uniswap V2. The breadth of the decentralized exchange's asset coverage and its growth in market diversity over time are reflected by this metric. The expansion of the platform's trading ecosystem is quantified by tracking the cumulative number of unique assets deployed in trading pairs. A clear indicator of the platform's liquidity selection and market penetration is provided to institutional investors.

## 2. Data sources

- **Blockchain events**: `PairCreated` events from `Factory` contracts, covering Ethereum, Arbitrum, Base, Polygon, and 5 other chains

## 3. Step-by-step calculation

### Component A: Uniswap V2 asset extraction

- **Purpose**: Extract unique asset addresses from newly created trading pairs
- **Logic**: `PairCreated` events from `Factory` contracts are parsed to identify the deployment of new trading pairs. The addresses of both assets in the pair, representing the two trading sides, are extracted from the event parameters.
- **Key fields**: `block_timestamp` (timing), `token0` (first asset address), `token1` (second asset address)

### Component B: First appearance tracking

- **Purpose**: Identify the date when each unique asset was first introduced to the platform
- **Logic**: The extracted asset addresses are aggregated, and the earliest timestamp associated with each unique asset address is determined. This first appearance timestamp is truncated to daily granularity to establish the launch date of the asset on Uniswap V2.
- **Key fields**: `block_timestamp` (timing), `token_address` (asset identification)

### Component C: Cumulative aggregation

- **Purpose**: Calculate the running total of unique tradeable assets over time
- **Logic**: The number of new assets appearing for the first time is summed for each day. A running cumulative sum of these daily new asset counts is calculated chronologically to determine the total number of tradeable assets available on any given day. Missing days are filled with zero values to ensure a continuous daily time series.
- **Key fields**: `tradeable_assets` (cumulative count)

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

Number of unique tokens tradeable on the exchange.

Tradeable assets

Exchanges (DEX)

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

Uniswap is a non-custodial exchange protocol built on Ethereum. Uniswap was founded by Hayden Adams and launched in 2018.

UNI tokenholders own and govern the protocol. They do not currently take a cut of the total trading fees paid by traders (revenue). Uniswap's investors include Paradigm, a16z, USV, etc.

Uniswap V2

Tradeable assets

Tradeable assets

Chain breakdown