Validators process transactions and receive fees from users (supply-side fees).

Ethereum is a smart contract platform for decentralized applications (a blockchain). Ethereum was founded by Vitalik Buterin, Anthony Di Iorio, Mihai Alisie, etc. and launched in 2015.

ETH holders own and govern the protocol. They currently take a cut of the total transaction fees (base fee) paid by users (revenue). Ethereum’s investors include KR1, Block Ventures, 8 Decimal Capital, etc.

governance

github

twitter

etherscan

website

Blockchains (L1)

Ethereum

# Ethereum Active users (daily) Methodology

## 1. Overview

The Ethereum Daily Active Users (DAU) metric measures the number of unique addresses that initiate at least one transaction on the Ethereum blockchain per day. This metric provides insight into daily user engagement and network activity by counting distinct transaction senders within each 24-hour period.

## 2. Data sources

- **Ethereum transaction records**: Complete transaction logs from the Ethereum blockchain containing sender addresses, timestamps, transaction hashes, and other transaction metadata
- **Blockchain transaction metadata**: Additional transaction details including block timestamps used for temporal aggregation

## 3. Step-by-step calculation

### Component A: User identification
- **Purpose**: Identifies all unique addresses that send transactions on Ethereum
- **Logic**: Extracts the `from_address` field from every Ethereum transaction record, which represents the address initiating the transaction. Each transaction sender is classified as a user and categorized under the 'Transaction sender' user type. All users are assigned to the 'blockchains_l1' market sector and 'blockchain' business segment, with the chain identified as 'ethereum'
- **Key fields**: `from_address` (renamed to `user_address`), `block_timestamp`, `transaction_hash`, `chain`, `user_type`, `market_sector_id`, `business_segment_id`

### Component B: Temporal aggregation
- **Purpose**: Groups user activity by daily time periods
- **Logic**: Truncates the `block_timestamp` to day-level granularity using timestamp truncation, creating daily boundaries for user activity measurement. Sets `timestamp_grain` to 'day' to indicate the temporal resolution of the metric
- **Key fields**: `timestamp` (truncated to day), `timestamp_grain`

### Final aggregation
- **Combining components**: Applies distinct selection on `user_address` within each daily timestamp to count unique users per day, maintaining all dimensional attributes including chain, user type, and business classifications
- **Currency conversion**: No currency conversion required as this is a count metric
- **Time aggregation**: Daily boundaries are established through timestamp truncation, ensuring users are counted once per day regardless of how many transactions they send
- **Final calculation**: The final DAU value represents the count of distinct user addresses that initiated at least one transaction on Ethereum within each daily period, with incremental processing logic applied to efficiently update recent data

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

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

EthereumETH

Active users (daily)

Active users (daily)

Competitive landscape