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

Deri Protocol is a non-custodial exchange for perpetual contracts built on BNB Chain and Arbitrum. Deri Protocol was founded by an anonymous team and launched in 2021.

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

governance

github

twitter

etherscan

website

Derivative exchanges

Deri Protocol

# Deri Protocol Active users (daily) Methodology

## 1. Overview

Daily Active Users (DAU) for Deri Protocol measures the number of unique addresses that execute derivative trades on the protocol each day. This metric tracks user engagement by counting distinct trader addresses that interact with Deri Protocol's perpetual derivative products across Arbitrum and BSC chains. The calculation aggregates trading activity from SymbolManager contracts to provide a daily count of active participants in the protocol's derivatives markets.

## 2. Data sources

- **Blockchain events**: Parsed `Trade` events from Deri Protocol V3 SymbolManager contracts deployed on Arbitrum and BSC chains
- **Transaction data**: Block timestamps and transaction hashes from Arbitrum and BSC blockchain records
- **Protocol contracts**: Deri Protocol V3 SymbolManager contract events that capture derivative trading activity
- **Chain metadata**: Chain identifiers and availability filters for multi-chain data processing

## 3. Step-by-step calculation

### Component A: User activity extraction
- **Purpose**: Identifies individual trading events and extracts user addresses from derivative trades
- **Logic**: Processes `Trade` events emitted by SymbolManager contracts on both Arbitrum and BSC chains. Extracts the trader address from the `pTokenId` parameter within each Trade event. Each event represents a single derivative trade execution by a user. Adds contextual metadata including chain identifier, market sector classification as derivatives, and business segment classification as perpetual trading
- **Key fields**: `pTokenId` (trader address), `block_timestamp` (event timing), `transaction_hash` (unique transaction identifier), and static classifications for market categorization

### Component B: Daily aggregation and deduplication  
- **Purpose**: Converts individual trading events into daily unique user counts
- **Logic**: Truncates block timestamps to daily boundaries using day-level granularity. Groups all trading events by the truncated date, chain, user type, and market classifications. Applies distinct counting to the user addresses to eliminate multiple trades by the same user on the same day. This ensures each unique address is counted only once per day regardless of how many trades they executed
- **Key fields**: `timestamp` (truncated to day), `user_address` (deduplicated trader addresses), `chain` (Arbitrum or BSC), and classification metadata

### Final aggregation
- **Combining components**: The daily aggregation component directly produces the final DAU metric by combining Trade events from both Arbitrum and BSC chains and deduplicating user addresses within each daily time boundary
- **Currency conversion**: Not applicable - this metric counts users rather than financial values
- **Time aggregation**: Daily boundaries are created by truncating block timestamps to day level, ensuring all events within a 24-hour period are grouped together
- **Final calculation**: The final DAU value represents the count of distinct user addresses that executed at least one derivative trade on Deri Protocol within each daily time period, aggregated across both supported chains while maintaining chain-level granularity in the output

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

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

Deri ProtocolDERI

Active users (daily)

Active users (daily)

Competitive landscape

Chain breakdown