# User Mau Methodology

## 1. Overview

Active users (monthly) measures the number of unique wallet addresses that interact with Flying Tulip Options within any given 30-day rolling window. A user is counted once per 30-day window regardless of how many qualifying interactions are performed. This metric captures both sides of marketplace activity — buyers and sellers are each identified as distinct participants, providing a complete picture of demand-side engagement with the options product.

## 2. Data sources

- **Blockchain events**: `Sold` and `BuyOfferAccepted` events from `OptionsMarketplace` contracts, covering Ethereum

## 3. Step-by-step calculation

### Component A: Participant address extraction

- **Purpose**: Identify all unique wallet addresses that participated in Flying Tulip Options activity within a given 30-day rolling window
- **Logic**: `Sold` and `BuyOfferAccepted` events are parsed from `OptionsMarketplace` contracts on Ethereum. For each event, both the `buyer` and `seller` address fields are extracted independently, so both counterparties to a trade are recorded as active. Only confirmed events are included — events where the `removed` flag is true are excluded to filter out reorged transactions.
- **Key fields**: `buyer` and `seller` (participant addresses), `block_timestamp` (event timing)

### Monthly aggregation

- **Purpose**: Produce a single count of distinct users per 30-day window
- **Logic**: Extracted participant addresses are truncated to UTC day boundaries. Each unique wallet address is counted at most once per 30-day window, regardless of the number of trades or events it appears in across that window.

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

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

Active users (monthly)

Derivative exchanges

Users deposit single assets into wrapper contracts. Flying Tulip deploys these deposits into automated yield strategies (e.g., Aave V3) across Ethereum, Sonic, BNB Chain, Avalanche, and Base, maximizing capital efficiency.

Flying Tulip is a multi-chain yield aggregation protocol that pools user deposits into wrapper contracts and deploys them into automated yield strategies. The protocol supports assets including USDC, wETH, USDT, USDS, USDTb, and USDe, and uses an omnichain FT token to align incentives across its five supported networks.

FT tokenholders own and govern the Flying Tulip protocol. Flying Tulip is a yield aggregation protocol backed by partnerships with major DeFi protocols.

Perpetual PUT Marketplace

Active users (monthly)

Active users (monthly)

Chain breakdown