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

Verse is an automated market maker-based decentralized exchange built on Ethereum. Verse was created by Bitcoin.com, and launched in 2022.

VERSE tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). Verse's investors include Blockchain.com, KuCoin Ventures and others.

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Exchanges (DEX)

Verse

# Verse Maximum token supply Methodology

## 1. Overview

The VerseDEX maximum token supply metric represents the theoretical maximum number of tokens that can ever exist for the VerseDEX protocol. This is a static, protocol-defined value that establishes the upper bound for token circulation. Unlike circulating supply metrics that track actual tokens in circulation, the maximum supply represents the hard cap defined in the protocol's tokenomics design, providing insight into the token's scarcity model and inflation potential.

## 2. Data sources

This metric is derived from protocol specifications rather than live blockchain data:
- **Protocol documentation**: VerseDEX official tokenomics documentation and protocol specifications
- **Smart contract parameters**: Token contract configuration that defines maximum supply caps
- **Protocol design documents**: Whitepaper or technical documentation that establishes the token supply model

## 3. Step-by-step calculation

### Component A: Static supply definition
- **Purpose**: Define the maximum token supply cap for VerseDEX protocol
- **Logic**: The maximum supply is set as a hardcoded value of 210,000,000,000 tokens (210 billion tokens). This value is established with an effective date of December 7, 2022, which likely corresponds to the protocol's launch date or when the tokenomics model was finalized. The metric uses daily granularity to align with Token Terminal's standard time-series format.
- **Key fields**: `timestamp` set to protocol launch date, `token_supply_maximum` containing the 210 billion token cap, and `timestamp_grain` set to daily intervals

### Final aggregation
- **Combining components**: No aggregation is needed as this is a single static value
- **Currency conversion**: Not applicable as this metric represents token count, not monetary value
- **Time aggregation**: The value is propagated forward from the launch date using a fill-forward strategy, meaning the same maximum supply value applies to all subsequent dates
- **Final calculation**: The final metric value is exactly 210,000,000,000 tokens for all time periods from December 7, 2022 onwards, representing the unchanging maximum token supply cap for the VerseDEX protocol

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

Maximum number of tokens that can exist under the current token economics.

VerseVERSE

Maximum token supply

Maximum token supply

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