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Coinshift

# Coinshift Active users (daily) Methodology

## 1. Overview

The Coinshift User DAU (Daily Active Users) metric measures the number of distinct users who interact with Coinshift vault products on any given day. This metric tracks both depositors and withdrawers as active users, providing insight into daily engagement with Coinshift's yield-bearing vault products. The calculation identifies unique wallet addresses that perform token transfers involving specific Coinshift vault contracts, aggregated at the daily level to show user activity trends.

## 2. Data sources

- **Ethereum token transfer events**: Parsed `Transfer` events from the Ethereum blockchain, specifically tracking ERC-20 token movements involving Coinshift vault contracts
- **Directional transfer data**: Token transfer events organized by both sender (`from_address`) and recipient (`to_address`) to efficiently identify vault interactions
- **Blockchain transaction metadata**: Block timestamps and chain identifiers from Ethereum transaction records
- **Chain availability configuration**: Data quality filters to ensure consistent reporting across supported blockchain networks

## 3. Step-by-step calculation

### Component A: User interaction identification
- **Purpose**: Identifies all user interactions with Coinshift vaults by tracking token transfers to and from specific vault contracts
- **Logic**: The calculation monitors three specific Coinshift vault configurations on Ethereum, each defined by a vault contract address, token contract address, and product identifier. For withdrawals, it captures transfers FROM vault addresses where users receive tokens, identifying the `to_address` as the withdrawing user. For deposits, it captures transfers TO vault addresses where users send tokens, identifying the `from_address` as the depositing user. Each interaction is classified with a user type of either 'Depositor' or 'Withdrawer' based on the transfer direction and associated with the appropriate product ID (either 'csusdl' for USDL vaults or 'csusdc' for USDC vaults)
- **Key fields**: `user_address` (the wallet performing the interaction), `user_type` (Depositor or Withdrawer), `product_id` (vault product identifier), `token_address` (ERC-20 token being transferred), `block_timestamp` (when the interaction occurred)

### Component B: Temporal filtering and aggregation
- **Purpose**: Applies time-based filtering and aggregates interactions to daily boundaries for user counting
- **Logic**: All interactions are filtered to only include transactions occurring from January 1, 2025 onwards, which excludes historical idle assets from AUM fee calculations. Block timestamps are truncated to day-level precision using timestamp truncation to establish clear daily boundaries. The data is structured with daily timestamp granularity and includes chain identification for multi-chain support
- **Key fields**: `timestamp` (daily truncated date), `timestamp_grain` (set to 'day'), `chain_id` (blockchain identifier)

### Final aggregation
- **Combining components**: User interactions are deduplicated using distinct selection across timestamp, user type, chain, product, and user address dimensions to ensure each unique user is counted only once per day per product per user type
- **Currency conversion**: Not applicable - this metric counts users rather than monetary values
- **Time aggregation**: Daily boundaries are established through timestamp truncation, with each day representing a distinct measurement period
- **Final calculation**: The final DAU count represents the number of distinct wallet addresses that performed at least one deposit or withdrawal transaction with any Coinshift vault product on a given day. Users are counted separately by user type (Depositor vs Withdrawer) and product, meaning a single wallet address could contribute to multiple DAU counts if it performs different types of interactions or interacts with multiple products on the same day. Chain availability filtering is applied to ensure data quality and consistency across supported blockchain networks.

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

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

Coinshift

Active users (daily)

Active users (daily)

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