Zerion shows an aggregated view of a wallet's total crypto holdings. Through Zerion’s interface users are able to swap, send and borrow crypto assets.

Zerion is a non-custodial DeFi aggregator built on Ethereum and other adjacent blockchains. Zerion was founded by Evgeny Yurtaev, Alexey Bashlykov and Vadim Koleoshkin and launched in 2016.

Zerion owns and governs the platform. They currently charge a swap fee on the transactions that they route (revenue). Zerion’s investors include Gnosis, Wintermute, Blockchain Ventures etc.

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Zerion

# Zerion Treasury Methodology

## 1. Overview

Treasury measures the total USD value of all assets held across Zerion's treasury addresses on multiple blockchain networks. Financial resources controlled by the project are reflected through this metric to fund operations, reward contributors, or invest in growth. Asset balance changes are tracked across seven blockchain networks, converted to USD using end-of-day price feeds, and aggregated into a single treasury value.

## 2. Data sources

- **Blockchain events**: ERC-20 `Transfer` events and native asset transfers from Ethereum, Arbitrum, BSC, Fantom, and 3 other chains
- **External data**: End-of-day price feeds and asset metadata

## 3. Step-by-step calculation

### Component A: Balance change tracking

- **Purpose**: Calculate net asset balance changes for each treasury address on each blockchain
- **Logic**: Parsed `Transfer` events and native asset transfers are processed from seven blockchain networks to identify movements into and out of designated treasury addresses. For Ethereum, Arbitrum, BSC, Fantom, Gnosis, and Polygon, the treasury address is identified as `0x4a183b7ed67b9e14b3f45abfb2cf44ed22c29e54`. On Optimism, the treasury address `0x7d20ab6d8af50d87a5e8def46e48f4d7dc2ea5c7` is used. On BSC, specific asset addresses are excluded from the calculation. Net balance changes for each asset are calculated by analyzing inflow and outflow events.
- **Key fields**: `timestamp`, `chain_id`, `account_address`, `token_address`, and `balance`

### Component B: Cumulative balance calculation

- **Purpose**: Convert balance changes into running total balances for each asset
- **Logic**: Cumulative balances are calculated by summing asset balance changes over time. A running total is maintained for each asset held by each treasury address on each chain, partitioned by chain, account address, and asset address.
- **Key fields**: `timestamp`, `chain_id`, `account_address`, `token_address`, and `balance`

### Component C: Data continuity management

- **Purpose**: Ensure continuous time series data for treasury holdings
- **Logic**: A forward-filling mechanism is used to fill gaps in the time series data. When an asset balance does not change on a particular day, the last known balance is carried forward to maintain data continuity across the dimensions of chain, account address, and asset address.
- **Key fields**: `timestamp`, `chain_id`, `account_address`, `token_address`, and `balance`

### Component D: USD conversion

- **Purpose**: Convert asset balances to USD values for aggregation
- **Logic**: Asset balances are normalized by decimal precision and multiplied by end-of-day price feeds to determine USD values. The join with price data occurs on timestamp, chain, and asset address. Only positive balances are included in this conversion, with zero or negative amounts filtered out.
- **Key fields**: `amount` (USD value)

### Component E: Final aggregation

- **Purpose**: Combine asset values into a single daily metric
- **Logic**: All USD-denominated asset balances are summed across all treasury addresses and blockchain networks. Daily granularity is maintained using UTC day boundaries, and a fill-zeros strategy is applied for any missing days in the final time series.

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

Total value of a project's onchain treasury, including its native token.

Zerion

Treasury

Treasury

Competitive landscape

Chain breakdown