Liquidity providers deposit funds into Level Finance and receive trading fees from traders (supply-side fees).

Level Finance is a non-custodial exchange for spot and perpetual contracts built on BNB Chain. Level Finance was founded by an anonymous team and was launched in December 2022.

LVL tokenholders own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue).

governance

github

twitter

discord

etherscan

website

Derivative exchanges

Level Finance

# Level Finance Active users (daily) Methodology

## 1. Overview

Daily active users (DAU) for Level Finance measures the count of unique addresses that perform trading activities on the platform each day. This metric captures user engagement by tracking all trading interactions including opening positions, closing positions, and token swaps across Level Finance's derivatives trading platform. The calculation aggregates distinct user addresses from blockchain events on a daily basis to provide a measure of platform activity and user adoption.

## 2. Data sources

The calculation relies on the following blockchain data sources:
- **BSC blockchain events**: Parsed event logs from Level Finance v1 Pool contract on Binance Smart Chain
- **Arbitrum blockchain events**: Parsed event logs from Level Finance v2 Pool contract on Arbitrum
- **Trading events**: Specifically `IncreasePosition`, `DecreasePosition`, and `Swap` events that represent core trading activities
- **Transaction metadata**: Block timestamps and transaction hashes from the underlying blockchain transactions

## 3. Step-by-step calculation

### Component A: Trading event collection
- **Purpose**: Identifies all trading activities across Level Finance platforms
- **Logic**: Collects three types of events from Level Finance Pool contracts. For BSC, it gathers events from Level Finance v1 Pool contract including `IncreasePosition`, `DecreasePosition`, and `Swap` events. For Arbitrum, it collects the same event types from Level Finance v2 Pool contract. Each event type captures different trading activities where position events track leveraged trading positions and swap events track token exchanges.
- **Key fields**: Block timestamp (`block_timestamp`), transaction hash (`transaction_hash`), user address fields (`account` for position events, `sender` for swap events)

### Component B: User address extraction and classification  
- **Purpose**: Extracts user addresses from different event types and standardizes user classification
- **Logic**: Extracts user addresses from event parameters, using the `account` field for `IncreasePosition` and `DecreasePosition` events, and the `sender` field for `Swap` events. All extracted addresses are classified with user type as 'Trader' since they represent active trading behavior. Additional metadata is added including chain identifier, market sector as 'derivatives', and business segment as 'perpetual'.
- **Key fields**: User address (`user_address`), user type ('Trader'), chain ('bsc' or 'arbitrum'), market classification fields

### Component C: Daily aggregation
- **Purpose**: Aggregates unique users by day to calculate daily active users
- **Logic**: Groups all trading events by day using timestamp truncation to convert block timestamps to daily boundaries. Performs distinct count on user addresses within each day to eliminate duplicate counting of users who perform multiple transactions on the same day. Maintains chain-level granularity to track DAU per blockchain.
- **Key fields**: Daily timestamp (`timestamp`), distinct user address (`user_dau`), timestamp granularity ('day')

### Final aggregation
- **Combining components**: The components flow sequentially where trading events are collected, user addresses are extracted and classified, then aggregated daily with distinct counting
- **Currency conversion**: No currency conversion required as this metric counts addresses rather than monetary values
- **Time aggregation**: Uses daily boundaries determined by truncating block timestamps to day level, ensuring consistent daily measurement across time zones
- **Final calculation**: The final DAU value represents the count of unique user addresses that performed at least one trading activity (position increase, position decrease, or swap) on Level Finance on a given day, calculated separately for each supported blockchain

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

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

Level FinanceLVL

Active users (daily)

Active users (daily)

Competitive landscape

Chain breakdown