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

Zyberswap is a non-custodial exchange protocol built on Arbitrum. Zyberswap was founded by anonymous team and launched in 2023.

ZYB tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

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Zyberswap

# Zyberswap Maximum token supply Methodology

## 1. Overview

The ZyberSwap maximum token supply metric represents the theoretical maximum number of ZyberSwap tokens that can ever exist according to the protocol's tokenomics design. This metric provides a constant value of 20,000,000 tokens across all time periods, serving as a fundamental parameter for calculating token-related ratios and understanding the protocol's monetary policy. The metric uses a static, hardcoded approach since maximum token supply is typically a fixed parameter defined at protocol launch.

## 2. Data sources

The calculation relies on protocol-level specifications rather than dynamic blockchain data:
- **Protocol tokenomics specifications**: The maximum supply limit of 20,000,000 tokens as defined in ZyberSwap's token design
- **Protocol launch information**: The launch date of January 23, 2023, marking when the token became active
- **Smart contract specifications**: Token contract parameters that enforce the maximum supply constraint

## 3. Step-by-step calculation

### Component A: Maximum supply definition
- **Purpose**: Establishes the fixed maximum token supply value and protocol launch date
- **Logic**: Sets a hardcoded maximum supply of exactly 20,000,000 tokens with a launch timestamp of January 23, 2023 at 00:00:00 UTC. The timestamp grain is set to daily reporting frequency
- **Key fields**: `timestamp` (launch date), `timestamp_grain` (daily), `token_supply_maximum` (20,000,000 tokens)

### Final aggregation
- **Standardization**: The `finalize_metric_token_supply_maximum` macro processes the hardcoded values into a standardized metric format
- **Time series creation**: The fill-forward strategy extends the maximum supply value across all dates from the launch date forward
- **Protocol identification**: Each record is tagged with 'zyberswap' as the data identifier
- **Final calculation**: The metric maintains a constant value of 20,000,000 tokens for all dates from January 23, 2023 onwards, representing the unchanging maximum supply constraint for ZyberSwap tokens

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

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

ZyberswapZYB

Maximum token supply

Maximum token supply

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