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Circle - Transfer Volume Methodology
1. Overview
Circle's Cross-Chain Transfer Protocol (CCTP) transfer volume measures the total daily USD value of cross-chain token transfers facilitated by Circle's CCTP infrastructure. This metric captures the volume of tokens burned on source chains as part of CCTP's burn-and-mint cross-chain transfer mechanism. The calculation aggregates DepositForBurn events across all CCTP-supported blockchains.
2. Data sources
The calculation uses several categories of raw data:
- •CCTP burn events: Parsed
TokenMessenger_DepositForBurnevents from EVM-compatible chains including Ethereum, Arbitrum, Avalanche, Base, Optimism... - •Aptos blockchain events: Parsed
TokenMessengerMinter_DepositForBurnevents from Aptos blockchain - •Price feeds:End-of-day token price feeds from Token Terminal's pricing infrastructure
3. Step-by-step calculation
Component A: EVM chain CCTP volume extraction
- •Purpose: Extract and process CCTP burn events from EVM-compatible blockchains
- •Logic: Parse
TokenMessenger_DepositForBurnevents from multiple EVM chains across both CCTP v1 and v2 implementations...
Custom data delivery
Receive data in the format and frequency your index methodology requires.
Full audit trail
Complete data lineage from raw blockchain to final metric. Every number is reproducible.
Custom data delivery
Receive data in the format and frequency your index methodology requires.
Circle - Transfer Volume Methodology
1. Overview
Circle's Cross-Chain Transfer Protocol (CCTP) transfer volume measures the total daily USD value of cross-chain token transfers facilitated by Circle's CCTP infrastructure. This metric captures the volume of tokens burned on source chains as part of CCTP's burn-and-mint cross-chain transfer mechanism. The calculation aggregates DepositForBurn events across all CCTP-supported blockchains.
2. Data sources
The calculation uses several categories of raw data:
- •CCTP burn events: Parsed
TokenMessenger_DepositForBurnevents from EVM-compatible chains including Ethereum, Arbitrum, Avalanche, Base, Optimism... - •Aptos blockchain events: Parsed
TokenMessengerMinter_DepositForBurnevents from Aptos blockchain - •Price feeds:End-of-day token price feeds from Token Terminal's pricing infrastructure
3. Step-by-step calculation
Component A: EVM chain CCTP volume extraction
- •Purpose: Extract and process CCTP burn events from EVM-compatible blockchains
- •Logic: Parse
TokenMessenger_DepositForBurnevents from multiple EVM chains across both CCTP v1 and v2 implementations...
By the numbers
"Token Terminal has been instrumental in revolutionizing the way we approach on-chain data for our index business. Their commitment to delivering high-quality, actionable insights has made a significant impact on our joint project to create the first fundamental indexes for crypto."
Martin Leinweber
MarketVector Indexes