Methodology updates
Everything we add to coverage, every change to how we measure, and every published figure that has moved — with what it was and what it is now. If you cited a number from this site, this page tells you whether it still holds.
- Restated
A venue's business figure now includes settlement paid straight into its own wallets by another venue we have named, not only deposits into addresses it issued
Only counterparties we can positively identify count; unlabelled, exchange and shared-desk inflow is excluded.
2 figures restated- Quidax business
- $438.2M$542.0M
- Quidax total flow
- $757.8M$861.6M
ExchangesBusiness PaymentsMarket total - Restated
Quidax's deposit book rebuilt across all nine chains, and its business book is now measured and published separately
Retail and business partition cleanly, so the two sum to $755.4M of total flow rather than overlapping.
2 figures restated- Quidax retail
- $281.0M$319.0M
- Quidax coverage start
- Sep 2019Jul 2021
ExchangesMarket totalCoverage - Restated
Chipper Cash now reports its full deposit volume as retail, and its own money cycling through its wallets is excluded
The large depositors the size band had been removing were funded from exchange withdrawals, not customer payments.
Figure restated- Chipper Cash
- $81.98M$91.22M
NeobanksMarket total - Fixed
Solana deposits were undercounted — an inbound transfer there credits a different account than the one we were matching on
Figure restated- Monica
- $161.30M$163.79M
OfframpsMarket total - Restated
The retail size band is now applied per venue instead of universally — at a venue that serves only individuals, a large depositor is still a person
Ten venues are no longer filtered; five of them restate upward, for +0.4% of tracked retail volume.
5 figures restated- Spenda
- $69.47M$70.16M
- Roqqu
- $57.39M$58.22M
- Breet
- $23.76M$24.70M
- Azza
- $5.02M$5.19M
- Bayse Markets
- $1.21M$1.23M
All metrics - Fixed
Paj Cash's figure on the methodology page disagreed with its venue page — the venue page was the correct one
Figure restated- Paj Cash (methodology page)
- $1.10M$2.60M
Offramps
Tell us what it should be
We will re-derive it and show our working for that venue. If we got it wrong, the correction lands on this page with its before and after. Reach us at motolayahaya@gmail.com.
Method and coverage
Methodology explains what each metric means and where the limits are. Coverage lists the venues, markets and chains we measure today. Changes to the product rather than the numbers are in product updates.
Methodology v2.0