# Active users (daily) Methodology

## 1. Overview

Active users (daily) is measured as the number of unique accounts that execute a transaction with AlphaQ. This metric is used to evaluate user adoption, engagement, and overall activity on the platform. Because AlphaQ is accessed primarily through decentralized exchange (DEX) aggregators, the end trader is identified as the transaction signer. Active users (daily) are aggregated over a fixed 24-hour window using UTC boundaries.

## 2. Data sources

- **Blockchain events**: DEX trade instructions executed by the AlphaQ program, covering Solana

## 3. Step-by-step calculation

### Component A: Trade extraction and signer identification

- **Purpose**: Identify unique users executing trades through the AlphaQ program
- **Logic**: Trade records are filtered to isolate instructions where the executing account matches the AlphaQ program account. For each identified trade, the transaction signer is extracted to represent the end trader who initiated the swap.
- **Key fields**: `signer` (user identifier), `executing_account` (program identifier), `block_timestamp` (transaction time)

### Component B: Daily aggregation

- **Purpose**: Calculate the daily count of unique active users
- **Logic**: Transaction signers are grouped by day using UTC boundaries. Distinct signers are aggregated to determine the active users (daily) for AlphaQ, with each unique signer counted once per day.
- **Key fields**: `signer` (user identifier), `block_timestamp` (timing)

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

Unique revenue-generating users over a fixed 24-hour window.

Active users (daily)

Exchanges (DEX)

AlphaQ trades only its own assets. The operator posts its inventory into on-chain market vaults and prices each quote from external oracles with a dynamic fee that falls in calm markets and is discounted for trades that improve market balance. Its income is the spread embedded in its quotes; the swap instruction carries no separate fee field, and there is no governance token.

AlphaQ is a proprietary automated market maker (prop AMM) on Solana, live since July 2025. It describes itself as a hybrid AMM that combines AMM composability with order-book-level efficiency through oracle-based pricing and dynamic fees. It is in private beta and is accessible only through DEX aggregators, which route swaps to its markets when its quote is best.

AlphaQ is operated by a proprietary trading firm that has not disclosed its team; the project publishes a website and documentation but no social accounts.