# Active users (weekly) Methodology

## 1. Overview

Active users (weekly) is defined as the number of unique addresses that make a revenue-generating transaction with BMX Freestyle. This metric is used to measure user engagement and adoption of the perpetual trading platform, which is built on Symmio infrastructure. Revenue-generating interactions include opening or closing trading positions and liquidation events. Active users (weekly) are measured over a 7-day rolling window.

## 2. Data sources

- **Blockchain events**: `SendQuote`, `RequestToClosePosition`, `LiquidatePartyA`, and `LiquidatePositionsPartyA` events from `SymmioDiamond` contracts, and `Call` events from `MultiAccount` contracts on Base

## 3. Step-by-step calculation

### Component A: BMX Freestyle trading activity identification

- **Purpose**: Identify unique users opening or closing perpetual trading positions.
- **Logic**: `SendQuote` and `RequestToClosePosition` events are parsed from `SymmioDiamond` contracts. These events are filtered by joining them with `Call` events from `MultiAccount` contracts where the `removed` status is false to ensure only valid, active interactions are captured. The user address is extracted from the account field within these events.
- **Key fields**: `block_timestamp` (timing), `party_a` (user identification)

### Component B: BMX Freestyle liquidation activity identification

- **Purpose**: Identify unique users whose positions are subject to liquidation.
- **Logic**: `LiquidatePartyA` and `LiquidatePositionsPartyA` events are parsed from `SymmioDiamond` contracts. The user address is extracted from the account field to identify participants involved in liquidation events.
- **Key fields**: `block_timestamp` (timing), `party_a` (user identification)

### Component C: Aggregation and deduplication

- **Purpose**: Calculate the final count of unique weekly users across all activity types.
- **Logic**: User addresses identified from trading and liquidation components are combined into a unified dataset. Distinct addresses are counted for each 7-day window based on UTC timestamps. Weekly granularity is maintained with a 7-day rolling window.

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

Unique revenue-generating users over a rolling 7-day window.

Active users (weekly)

Derivative exchanges

Liquidity providers deposit funds into BMX and receive trading fees from traders (supply-side fees).

BMX is a non-custodial exchange for spot and perpetual contracts built on Base. BMX has three product lines: Classic, Freestyle, and Based MediaX

BMX tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

BMX Freestyle

Archived

Active users (weekly)

Active users (weekly)

Chain breakdown