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  },
  "methodology": {
    "reference": "https://dune.com/adam_tehc/pumpfun",
    "revenue": "Exact protocolFee fields emitted by Arena Buy/Sell events, reported separately in each route's quote asset. USD values convert each native route total using the current DexScreener USD price of that route's quote asset at the published route-price timestamp.",
    "volume": "Exact Buy.cost plus Sell.reward from route-specific manager events. Route bars convert each native total to current-price USD using the published DexScreener route-price snapshot, keep routes separate, and rank them highest to lowest. Trader leaderboard volume applies the same conversion route by route to each trader's exact lifetime event volume, then sums the USD values only when every route used by that trader has a current price.",
    "users": "Unique Buy/Sell event user addresses. New users are first observed traders; returning users traded before the selected UTC day.",
    "graduations": "Direct manager tokenParams.lpDeployed=true. Exact graduation time uses the final indexed curve Buy as observed transition evidence and is labeled accordingly. Current market cap is DexScreener's latest marketCap snapshot for the graduated token's route-matched pair when available, with the selected pair and snapshot time published.",
    "tokenMetrics": "Token volume is exact lifetime bonding-curve consideration in its route quote asset. Holder count is Blockscout's indexed ERC-20 Transfer-state count. USD market cap is the latest curve execution-implied price multiplied by total supply, then converted using the current DexScreener USD price of that route's quote asset; the quote-price timestamp is published in coverage. Creator holder and market-cap columns cover unique tokens launched; trader holder counts cover unique tokens traded. These token-footprint values do not represent wallet balances or portfolio value, and unavailable source values are excluded with per-row coverage published.",
    "entities": "Creator and trader identities use normalized entity names or address labels already present in the private workspace Arkham cache. The build makes no Arkham API calls, publishes no raw cache records, and falls back to the onchain address when no cached label exists.",
    "limitations": "USD market cap is an estimate, not realized liquidity: thin curve execution or quote-asset markets can move sharply. Graduated-token market caps are current DexScreener snapshots and may be unavailable or sensitive to thin post-graduation markets. Trader USD volume uses the current route-price snapshot rather than historical execution-time USD prices. Independently reconciled v4 post-graduation volume/liquidity and holder concentration remain unavailable."
  }
}