Validators process transactions and receive fees from users (supply-side fees).

Algorand is a smart contract platform for decentralized applications (a blockchain). Algorand was founded by Silvio Micali and launched in 2018.

ALGO holders own and govern the protocol. They currently take a cut of the transaction fees paid by users (revenue). Algorand's investors include Union Square Ventures, Multicoin Capital, Pillar, etc.

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Blockchains (L1)

Algorand

# Algorand Active addresses (daily) Methodology

## 1. Overview

Active addresses (daily) measures the number of unique addresses that make a transaction with the Algorand blockchain. This metric serves as a primary indicator of network adoption, user engagement, and ecosystem health. Daily active addresses are measured over a fixed 24-hour window using Coordinated Universal Time (UTC).

## 2. Data sources

- **Blockchain events**: Transactions occurring on the Algorand blockchain, covering Algorand

## 3. Step-by-step calculation

### Component A: Transaction sender identification

- **Purpose**: Identify the unique entities initiating activity on the network
- **Logic**: Data is extracted from the core transaction records of the blockchain. The `sender` field of every transaction is parsed to identify the initiating address. Records containing null values for the sender are filtered out to ensure only valid participant activity is included.
- **Key fields**: `sender` (identifying the user address), `block_timestamp` (recording the timing of activity)

### Component B: Daily deduplication and aggregation

- **Purpose**: Calculate the unique count of active participants for each 24-hour period
- **Logic**: User addresses are truncated to a daily granularity based on the block timestamp. For each calendar day, the set of sender addresses is deduplicated to ensure each unique address is counted only once, regardless of the number of transactions sent. The resulting daily totals are aggregated, and a zero-filling strategy is applied to maintain data continuity for any days where no transaction activity is recorded.
- **Key fields**: `timestamp` (truncated to daily), `user_address` (unique identifier)

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

Unique active addresses over a fixed 24-hour window.

AlgorandALGO

Active addresses (daily)

Active addresses (daily)

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