A space to discuss the fundamentals of ‘Notional’.
Link to the dashboard: Notional Finance (NOTE) - Key metrics | Dashboard | Token Terminal
Token Terminal <> Notional Finance | Monthly data update (May 2023)
Chains tracked: Ethereum
Methodology:
- Net deposits: Total value deposited to the protocol
- Trading volume: Total trading volume on Notional
- Fees: Total trading fees paid by traders and COMP incentives received from funds deposited to Compound
- Supply-side fees: Share of trading fees that goes to the liquidity providers
- Revenue: Share of trading fees and all of the COMP incentives that goes to the protocol (NOTE holders).
- Token incentives: USD value of tokens that have been distributed to incentivise users
- Earnings: Revenue minus token incentives
- Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
- Daily active users: Monthly average number of daily distinct Traders and LPs
- Weekly active users: Monthly average number of weekly distinct Traders and LPs
- Monthly active users: Monthly average number of monthly distinct Traders and LPs
- Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
- Code commits: Number of commits to the project’s public GitHub repositories
Metrics (May 2023):
- Net deposits: $33.82m
- Trading volume: $2.58m
- Fees: $2.32k
- Supply-side fees: $463.24
- Revenue: $1.85k
- Token incentives: $427.41k
- Earnings: $-425.55k
- Treasury (monthly average): N/A
- Daily active users (monthly average): 2
- Weekly active users (monthly average): 11
- Monthly active users (monthly average): 43
- Core developers (monthly average): 3
- Code commits: 49
Thanks guys, looks in line with our internal metrics
Token Terminal <> Notional Finance | Monthly data update (June 2023)
Chains tracked: Ethereum
Methodology:
- Net deposits: Total value deposited to the protocol
- Trading volume: Total trading volume on Notional
- Fees: Total trading fees paid by traders and COMP incentives received from funds deposited to Compound
- Supply-side fees: Share of trading fees that goes to the liquidity providers
- Revenue: Share of trading fees and all of the COMP incentives that goes to the protocol (NOTE holders).
- Token incentives: USD value of tokens that have been distributed to incentivise users
- Earnings: Revenue minus token incentives
- Treasury: Monthly average USD value of the protocol’s funds held on-chain (including unallocated governance tokens)
- Daily active users: Monthly average number of daily distinct Traders and LPs
- Weekly active users: Monthly average number of weekly distinct Traders and LPs
- Monthly active users: Monthly average number of monthly distinct Traders and LPs
- Core developers: Monthly average number of distinct GitHub users that made 1+ commits to the project’s public GitHub repositories during the past 30 days
- Code commits: Number of commits to the project’s public GitHub repositories
Metrics (June 2023):
- Net deposits: $32.78m
- Trading volume: $13.53m
- Fees: $7.32k
- Supply-side fees: $1.46k
- Revenue: $5.86k
- Token incentives: N/A
- Earnings: $-560.23k
- Treasury (monthly average): Missing
- Daily active users (monthly average): 4
- Weekly active users (monthly average): 26
- Monthly active users (monthly average): 66
- Core developers (monthly average): 4
- Code commits: 34
