Liquidity providers deposit funds into Vertex and earn the spread between maker and taker orders.

Vertex is a non-custodial exchange built on Arbitrum that offers spot, perpetuals, and money markets with universal cross-margin accounts. Vertex launched in 2023, and was founded by Darius Tabatabai and Alwin Peng.

The Vertex team own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). Vertex's investors include Wintermute, Hack VC, Jane Street, etc.

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Vertex

# Vertex Maximum token supply Methodology

## 1. Overview

The maximum token supply metric represents the theoretical maximum number of tokens that can ever exist for the Vertex protocol. This is a fixed protocol parameter defined in the project's tokenomics rather than a calculated metric from blockchain data. The metric answers the question: "What is the hard cap on the total number of tokens that can be created?" For Vertex, this maximum supply is set at exactly 1 billion tokens and has been constant since the protocol's launch on November 12, 2023.

## 2. Data sources

This metric relies on hardcoded protocol parameters rather than blockchain or external data sources:
- **Protocol tokenomics specification**: The fundamental design parameters of the Vertex protocol, including the maximum token supply cap of 1 billion tokens
- **Token launch configuration**: The official launch date and timing parameters for when the protocol became active

## 3. Step-by-step calculation

### Component A: Maximum supply definition
- **Purpose**: Establishes the fixed maximum token supply for Vertex protocol
- **Logic**: The calculation uses hardcoded protocol parameters to define the maximum possible token supply. The maximum supply is set to exactly 1,000,000,000 tokens, representing the theoretical ceiling for total token issuance. The launch timestamp is set to November 12, 2023 at midnight UTC, marking when this maximum supply parameter became active. The timestamp grain is set to daily to provide consistent reporting intervals.
- **Key fields**: The `token_supply_maximum` field contains the fixed value of 1 billion tokens, `timestamp` marks the protocol launch date, and `timestamp_grain` ensures daily reporting consistency

### Final aggregation
- **Combining components**: No combination is required as this is a single hardcoded value
- **Currency conversion**: Not applicable as this measures token quantity, not monetary value
- **Time aggregation**: The metric uses daily boundaries starting from the November 12, 2023 launch date and applies a fill-forward strategy to maintain the same maximum supply value for all subsequent dates
- **Final calculation**: The final metric value is the constant 1,000,000,000 tokens, representing the maximum possible token supply for Vertex protocol. This value remains unchanged from the launch date forward, as maximum supply is a fixed protocol parameter rather than a dynamic calculation.

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

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

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Maximum token supply

Maximum token supply

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