# Active users (monthly) Methodology

## 1. Overview

Active users (monthly) measures the number of unique addresses that perform revenue-generating transactions on Venus Flux. This metric reflects user engagement across both the lending and exchange components of the protocol. By identifying unique participants within a 30-day rolling window, the protocol’s adoption and utility are quantified.

## 2. Data sources

- **Blockchain events**: `LogOperate` events from `FluidLiquidity` contracts and `Swap` events from `FluidFluid DEX` contracts, covering BNB Chain

## 3. Step-by-step calculation

### Component A: Venus Flux liquidity operation tracking

- **Purpose**: Capture unique users interacting with the lending and liquidity infrastructure.
- **Logic**: `LogOperate` events are parsed from `FluidLiquidity` contracts on BNB Chain. These event logs are joined with native transaction data to identify the transaction signer. This captures unique addresses performing supply, borrow, or withdrawal operations within the Venus Flux ecosystem.
- **Key fields**: `transaction_hash` (identification), `from_address` (user identification)

### Component B: Venus Flux exchange activity tracking

- **Purpose**: Capture unique users performing asset swaps.
- **Logic**: `Swap` events are parsed from `FluidFluid DEX` contracts on BNB Chain. User addresses are extracted by matching the transaction hash of each swap event with the corresponding initiator address in the blockchain's transaction records. This identifies unique traders interacting with the Venus Flux decentralized exchange component.
- **Key fields**: `transaction_hash` (identification), `from_address` (user identification)

### Component C: Aggregation and deduplication

- **Purpose**: Consolidate user data into a monthly distinct count.
- **Logic**: User addresses identified from liquidity operations and exchange activities are combined into a single dataset. A distinct count of unique addresses is calculated for each 30-day window. This ensures that any address interacting with multiple Venus Flux components or performing multiple transactions within the same 30-day window is only counted once toward the final metric.

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

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

Active users (monthly)

Lending

Fluid acts as a lending, vault, and DEX platform for seamless DeFi interaction.

Fluid is a non-custodial lending, vaults, and DEX protocol built by Instadapp. Instadapp was founded by Samyak Jain & Sowmay Jain and launched in 2018.

FLUID tokenholders own and govern the protocol. They currently earn a cut of the fees generated through Fluid lending, vault and DEX services. Instadapp's investors include Coinbase Ventures, Pantera Capital, Robot Ventures, etc.

Venus Flux

Active users (monthly)

Active users (monthly)

Chain breakdown