WEAT, issued by Dinari, Inc., is a tokenized commodity-exposure product that tracks Teucrium Wheat Fund, a U.S.-listed exchange-traded product, through an onchain token backed one-to-one by the underlying security held in a custodial brokerage account [S1][S2][S3].

WEAT gives the tokenholder economic exposure to Teucrium Wheat Fund (WEAT), with each token kept fully backed one-to-one because a mint or burn occurs only when a corresponding order completes at the brokerage partner [S1][S3]. Buy and sell orders carry a fee of one U.S. dollar plus 0.25% when paid in USD+ on Ethereum, or one U.S. dollar plus 0.50% in USDC or USDT, with reduced flat fees on Layer 2 networks, plus network costs [S4].

Dinari, Inc. is a U.S. company registered with the U.S. Securities and Exchange Commission as a transfer agent under Section 17A(c) [S5][S6]. Each token is a dShare representing the underlying security rather than a derivative, conferring economic shareholder rights but not voting rights [S1][S2]. Tokens are offered under Regulation S and are not available in the United States or to U.S. persons, only to KYC-verified wallets across 85-plus jurisdictions, subject to AML screening [S7][S2]. Tokenholders may exit at the underlying market price; redemption is initiated by escrowing tokens, routing the order to the broker-dealer Alpaca for execution, and burning the tokens [S2][S1][S3].

Tokens are issued as ERC-20 tokens with compliance and transfer-restriction features for OFAC, AML, and securities requirements, natively on Base, an Ethereum Layer 2, Arbitrum, an Ethereum Layer 2, and Ethereum [S8]. Issuance escrows funds onchain, forwards the order to Alpaca for execution, and mints tokens upon a confirmed fill; mint and burn occur only when the brokerage order completes, preserving the one-to-one ratio [S1][S3].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://docs.dinari.com/docs/what-is-dshare" },
    { id: "S2", url: "https://dinari.com/dshares" },
    { id: "S3", url: "https://dinari.com/api-terms" },
    { id: "S4", url: "https://docs.dinari.com/docs/fees" },
    { id: "S5", url: "https://dinari.com/privacy" },
    { id: "S6", url: "https://dinari.com/business" },
    { id: "S7", url: "https://docs.dinari.com/docs/restrictions" },
    { id: "S8", url: "https://docs.dinari.com/docs/blockchain" },
  ]}
/>


# Asset senders (weekly) methodology

## 1. Overview

`Asset senders (weekly)` is defined as the number of unique addresses that initiate asset transfers over a rolling 7-day period. For each tracked asset, outgoing transactions are analyzed to identify the addresses responsible for moving tokens. This metric is utilized as a key indicator of weekly user activity and transactional engagement for tokenized assets across various blockchain networks. By aggregating unique sending addresses within a moving 7-day window, short-term fluctuations are smoothed out to provide a clearer view of active adoption.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Other blockchain data**: Token transfer and withdrawal events from Aptos, Near, Polkadot Asset Hub, Stellar, Sui, Ripple, and others
- **Asset metadata**: Token contract addresses and asset mapping datasets

## 3. Step-by-step calculation

### Component A: Extraction of daily sending addresses

- **Purpose**: Identify and extract unique addresses initiating token transfers on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from ERC-20 token transfers where the sender address is not the null address. On Solana, sending addresses are identified from token transfer instructions using the authority address. On Aptos, Sui, Cardano, and Stellar Classic, sending addresses are retrieved from token withdrawal events. On Stellar Soroban, transfers are parsed from Soroban token transfer events, excluding mint transactions where the sender address is null. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed to identify the sender. On Ripple, outgoing transfers are identified where the transaction value is negative. On Near and Injective, sending addresses are extracted from token transfer events where the sender address is populated.
- **Key fields**: `timestamp` (block time truncated to the day), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Rolling 7-day window aggregation

- **Purpose**: Aggregate daily active senders into a rolling 7-day window to calculate weekly activity.
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a rolling 7-day window is constructed by looking back at the preceding six days. Daily unique sending addresses are mapped to each active window based on their transaction timestamps.
- **Key fields**: `timestamp` (the reference day for the rolling window), `token_address` (the asset identifier), `sender_address` (the address active within the window)

### Component C: Final deduplication and aggregation

- **Purpose**: Calculate the final weekly unique sender count per asset and chain.
- **Logic**: Within each rolling 7-day window, sending addresses are deduplicated to ensure each unique address is counted only once per asset, regardless of transaction frequency. The deduplicated counts are aggregated at both the individual chain level and the global asset level. Missing dates are filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (the reference day), `chain_id` (the blockchain identifier), `token_address` (the asset contract address), `asset_senders_weekly` (the count of unique weekly sending addresses)

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

Unique asset senders over a rolling 7-day window.

Asset senders (weekly)

Tokenized commodities

Dinari earns revenue from transaction fees on dShare issuance and redemption, platform fees charged to partner integrators that consume its tokenization API, and the yield spread on the Treasury reserves backing USD+. Its go-to-market is B2B — third-party wallets, brokerages, and fintechs integrate Dinari as an infrastructure layer rather than end users interacting with Dinari directly.

Dinari issues dShares — ERC-20 tokens backed 1:1 by the underlying equity or ETF, held with licensed custodians. Each share is purchased on traditional markets before the corresponding token is minted, so token prices track real market pricing. The catalog covers 150+ tokenized stocks and ETFs (e.g. AAPL, NVDA, TSLA, SPY). Dinari also issues USD+, a Treasury-backed yield-bearing stablecoin. Products are available on Arbitrum, Base, Blast, Ethereum, Avalanche, and Plume.

Dinari is a US-based fintech that operates as an SEC-registered transfer agent, providing infrastructure for tokenizing publicly traded US equities and ETFs as onchain assets called dShares. Rather than serving end users directly, Dinari positions itself as a B2B infrastructure layer used by partner platforms (e.g. Gemini, Cadana, Fasset) to offer tokenized US securities across 80+ countries.

twitter

website

discord

github

Real-world asset (RWA) issuers

Dinari

Dinari Teucrium Wheat Fund (WEAT) is a wheat-backed token issued by Dinari through Dinari, Inc.

Each token represents one bushel of wheat and is a direct claim on the issuer.

The backing metal is held in vaults operated by Alpaca Securities LLC on a segregated basis.

Retail investors, professional investors, accredited investors, qualified investors, qualified purchasers, and institutions can mint and redeem directly with Dinari after completing KYC, and holders have a contractual right to redeem.

Dinari, Inc. is incorporated in the United States and is offered under an SEC Regulation S exemption.

Holder terms are governed by the law of Delaware in the United States.

WEAT has been issued on public blockchains since May 2024 and is native to Arbitrum One, Base, Avalanche, Blast, and Ethereum.

Dinari Teucrium Wheat FundWEAT