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GMGN

# GMGN Active users (daily) Methodology

## 1. Overview

Active users (daily) measures the number of unique accounts that make a revenue-generating transaction with GMGN. The daily count of distinct traders who execute swaps and pay protocol fees through the platform is quantified. This metric is utilized as a primary indicator of user adoption and platform engagement within the GMGN ecosystem.

## 2. Data sources

- **Blockchain events**: Native transfer instructions on Solana
- **Active users (daily)**: Derived from the Active users (daily) metric for the purpose of cross-chain fee attribution

## 3. Step-by-step calculation

### Component A: Solana trade identification

- **Purpose**: Identify transactions where users pay trading fees to the platform.
- **Logic**: Native SOL transfers to designated GMGN fee collection accounts are parsed. The targeted destination accounts are comprised of `BB5dnY55FXS1e1NXqZDwCzgdYJdMCj3B92PU6Q5Fb6DT`, `7sHXjs1j7sDJGVSMSPjD1b4v3FD6uRSvRWfhRdfv5BiA`, and 7 other protocol-controlled addresses. Instructions where the transaction signer is also the recipient are filtered out to ensure only external user activity is captured.
- **Key fields**: `to_address` (recipient identification), `transaction_signer` (user identification)

### Component B: User extraction and filtering

- **Purpose**: Extract the unique user identity associated with each fee event.
- **Logic**: The `transaction_signer` for each validated fee-generating instruction is extracted as the unique user identifier. While fee data is tracked across multiple networks, the active user metric is specifically restricted to Solana transactions to ensure high data integrity and prevent the inclusion of router-based contract addresses as users.
- **Key fields**: `signer` (unique user identifier), `chain` (network identification)

### Component C: Daily deduplication and aggregation

- **Purpose**: Calculate the final count of unique daily participants.
- **Logic**: Distinct user accounts are aggregated by UTC day. Each account is counted only once per 24-hour window regardless of the total number of transactions performed. A final count of these unique accounts is generated per day.
- **Key fields**: `block_timestamp` (timing), `user_dau` (deduplicated user count)

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

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

GMGN

Active users (daily)

Active users (daily)

Competitive landscape

Chain breakdown