# Active users (monthly) Methodology

## 1. Overview

Active users (monthly) measures the number of unique signer accounts that execute a revenue-generating transaction with Byreal CLMM over a 30-day rolling window. This metric is utilized to evaluate user engagement and adoption of the Byreal CLMM protocol. Transactions are captured from swaps executed directly through the Byreal CLMM router or via decentralized exchange aggregators. By tracking the unique transaction signers, the actual end traders interacting with the liquidity pools are identified.

## 2. Data sources

- **Blockchain events**: Swap instructions executed by the Byreal CLMM program, covering Solana

## 3. Step-by-step calculation

### Component A: Byreal CLMM trade extraction and normalization

- **Purpose**: Extract and normalize swap transactions executed on Byreal CLMM
- **Logic**: Raw trade data is filtered from Solana decentralized exchange transactions where the executing program matches the Byreal CLMM program account. For each transaction, the transaction signer, pool account, base and quote vault accounts, and base and quote mint accounts are extracted. Asset amounts are normalized by joining with asset metadata to apply decimal precision.
- **Key fields**: `signer`, `pool_account`, `block_timestamp`

### Component B: Byreal CLMM monthly active user aggregation

- **Purpose**: Identify unique monthly traders interacting with the protocol
- **Logic**: Transaction timestamps are truncated to monthly granularity using UTC boundaries. Unique transaction signers (representing the end traders) are aggregated to calculate the distinct count of active users (monthly) for each 30-day window. A chain availability filter is applied to ensure data freshness and alignment with archival strategies.
- **Key fields**: `signer`, `block_timestamp`

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

Unique revenue-generating users over a rolling 30-day window.

Active users (monthly)

Exchanges (DEX)

Byreal earns from swap fees in its concentrated-liquidity pools. Each pool carries a fee tier paid by traders, shared between the liquidity providers of the pool and the protocol. Swaps reach the pools through Byreal's own router and through DEX aggregators.

Byreal is a decentralized exchange and real-asset liquidity hub on Solana, live since mid-2025. Its core venue is a concentrated liquidity market maker (CLMM) in which liquidity providers place capital within chosen price ranges on discrete ticks, alongside RFQ liquidity for selected pairs, a token launchpad, and perpetuals and prediction markets powered by third-party venues. It describes itself as a CEX-grade DEX on Solana.

Byreal is a Solana DEX incubated by Bybit, one of the largest centralized cryptocurrency exchanges by trading volume. It combines on-chain trading and liquidity infrastructure with connections across the Bybit ecosystem; there is no governance token.