WisdomTree operates through a combination of traditional asset management practices and digital asset custody solutions, partnering with regulated custodians and market makers to offer ETPs traded on major exchanges. The company generates revenue through management fees on its funds and ETPs, while leveraging institutional-grade infrastructure to provide secure exposure to digital assets for both retail and institutional investors.

WisdomTree provides traditional and digital asset investment solutions, including cryptocurrency ETPs, blockchain-focused funds, and digital asset management services. The company bridges traditional finance with the crypto ecosystem by offering regulated investment vehicles that provide exposure to Bitcoin, Ethereum, and other digital assets through compliant financial products.

WisdomTree is a global financial services company that specializes in exchange-traded products (ETPs) and asset management. The company has expanded into digital assets and blockchain technology, offering cryptocurrency and blockchain-focused investment products.

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WisdomTree

# WisdomTree Total value locked Methodology

## 1. Overview

WisdomTree TVL (Total Value Locked) measures the total value of capital deployed in WisdomTree's asset management products. The metric is calculated by tracking the outstanding supply of the WisdomTree Government Money Market Digital Fund token, which represents tokenized assets under management. The calculation uses on-chain `Transfer` events to monitor token mints and burns, maintaining a running total of outstanding supply that represents capital deployed in the protocol.

## 2. Data sources

The calculation relies on the following raw data sources:
- **Ethereum `Transfer` events**: Parsed ERC-20 token transfer events for the WisdomTree Government Money Market Digital Fund token from Ethereum blockchain
- **Token metadata**: Token decimal information for proper amount normalization
- **End-of-day price feeds**: Token price data for USD conversion (applied through finalization macros)

## 3. Step-by-step calculation

### Component A: WisdomTree Government Money Market Digital Fund token transfer extraction
- **Purpose**: Extract all transfer events for the WisdomTree Government Money Market Digital Fund token to identify mints and burns
- **Logic**: Filter Ethereum token transfer events for the specific WisdomTree Government Money Market Digital Fund token address (`0x1fecf3d9d4fee7f2c02917a66028a48c6706c179`). Each transfer includes block timestamp, transaction hash, log index, sender and receiver addresses, and transfer amount. The data is tagged with business classification metadata including business line as "Asset Management", market sector as "asset_management", and product identifier as "WisdomTree Government Money Market Digital Fund"
- **Key fields**: `block_timestamp`, `transaction_hash`, `log_index`, `to_address`, `from_address`, `token_address`, `amount`

### Component B: Outstanding supply calculation
- **Purpose**: Calculate the outstanding supply of WisdomTree Government Money Market Digital Fund tokens by tracking mints and burns
- **Logic**: Identify mints as transfers FROM the null address (`0x0000000000000000000000000000000000000000`) with positive amounts, and burns as transfers TO either the null address or dead address (`0x000000000000000000000000000000000000dead`) with negative amounts. Apply decimal correction using token metadata to normalize amounts. Aggregate transfers daily using timestamp truncation, then calculate cumulative outstanding supply using a running sum window function partitioned by chain, version, and token address, ordered by timestamp
- **Key fields**: `outstanding_supply` (cumulative sum), `timestamp` (daily), `token_address`, `token_symbol`, `amount` (decimal-corrected)

### Component C: Capital deployed metric
- **Purpose**: Convert outstanding supply into a standardized capital deployed metric
- **Logic**: Take the outstanding supply values and apply business classification metadata. The outstanding supply amount becomes the capital deployed value. Apply finalization macro processing which standardizes the schema, validates business identifiers, ensures continuous time series through forward-filling, and handles any required data quality checks
- **Key fields**: `capital_deployed` (equal to outstanding supply), `product_id`, `chain_id`, `timestamp`, `timestamp_grain`

### Final aggregation
- **Combining components**: Sum capital deployed values across all dimensions (timestamp, timestamp grain, chain ID, product ID) to calculate total TVL
- **Currency conversion**: USD conversion is handled through the finalization macro using end-of-day price feeds
- **Time aggregation**: Daily boundary logic with forward-filling to ensure no gaps in the time series
- **Final calculation**: TVL equals the sum of capital deployed across all WisdomTree products, representing the total value of tokenized assets under management in the protocol

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

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

WisdomTree

Total value locked

Total value locked

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