Liquidity providers deposit funds into zkSwap and receive trading fees from traders (supply-side fees). Traders receive token rewards for their trades through the Swap2Earn incentive program (token incentives).

zkSwap Finance is a non-custodial Swap-to-Earn DeFi exchange protocol built on zkSync Era (originally a fork of Uniswap). zkSwap Finance was founded by pseudonymous ThunderNoah, etc., and launched in 2023. 

ZF token holders own and govern the protocol via Snapshot vote. They currently take a cut of the total trading fees paid by traders (revenue).

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Exchanges (DEX)

zkSwap Finance

# zkSwap Finance Tradeable pairs Methodology

## 1. Overview

The zkSwap tradeable pairs metric measures the cumulative number of unique trading pairs available on the zkSwap decentralized exchange. This metric tracks protocol growth by counting how many distinct token pair pools have been created over time. The calculation identifies when each trading pair was first created and maintains a running total of all available pairs, providing insight into the exchange's expanding market coverage and liquidity options.

## 2. Data sources

- **zkSync Era PairCreated events**: Parsed `PairCreated` events from the zkSwap V1 Factory contract on zkSync Era blockchain, containing pair creation transactions with pair addresses and constituent token addresses
- **Token metadata**: Token reference data including symbols, decimal places, and chain information for proper pair identification and naming
- **Chain availability configuration**: Configuration data that defines which blockchain networks are supported and should be included in metrics calculations

## 3. Step-by-step calculation

### Component A: Trading pair identification
- **Purpose**: Identifies all unique trading pairs created on the zkSwap exchange with their creation timestamps and token details
- **Logic**: Extracts `PairCreated` events from the zkSwap V1 Factory contract on zkSync Era. Each event contains the newly created pair contract address along with the two constituent token addresses (`token0` and `token1`). The block timestamp indicates when the pair was created. Token metadata is joined to retrieve token symbols and decimal places, creating human-readable pair names in the format "TOKEN0-TOKEN1" (e.g., "ETH-USDC")
- **Key fields**: `account_address` (the pair contract address), `token0_address` and `token1_address` (constituent tokens), `block_timestamp` (creation time), `account_name` (formatted pair name), token decimals and symbols from metadata joins

### Component B: Daily new pairs aggregation  
- **Purpose**: Counts how many new trading pairs were created on each calendar day
- **Logic**: Groups the pair creation events by the day they first appeared, truncating block timestamps to daily boundaries. For each pair address, determines the first day it appeared in the data. Counts the distinct number of new pair addresses that were created on each specific day. Applies zero-filling to ensure continuous daily time series with no missing dates between the first and last pair creation dates
- **Key fields**: `timestamp` (daily boundary), `pair_count` (number of new pairs created that day), `chain` (blockchain identifier)

### Final aggregation
- **Combining components**: The daily new pair counts are processed through a cumulative sum calculation partitioned by chain
- **Currency conversion**: Not applicable for this count-based metric
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation, with zero-filling applied to ensure no gaps in the time series
- **Final calculation**: Uses a window function to calculate the running cumulative sum of new pairs over time, ordered by date within each chain. This produces the total number of tradeable pairs available as of each date. The result represents the cumulative count of unique trading pairs that have been created on the zkSwap exchange since inception, providing a measure of platform growth and market depth over time

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

Number of unique token pairs available for trading on the exchange.

zkSwap FinanceZF

Tradeable pairs

Tradeable pairs

Competitive landscape