# Active users (daily) Methodology

## 1. Overview

Active users (daily) measures the unique number of addresses that initiate transactions on Mantra EVM within a 24-hour period. This metric serves as a key indicator of network adoption and on-chain activity. Every successful transaction on Mantra EVM is classified as a revenue-generating event for the network through the payment of transaction fees.

## 2. Data sources

- **Blockchain events**: Transactions on Mantra EVM
- **External data**: Asset metadata for address classification

## 3. Step-by-step calculation

### Component A: Mantra EVM user identification

- **Purpose**: Identifies the unique addresses responsible for initiating activity on the blockchain.
- **Logic**: Transaction records from Mantra EVM are parsed to extract the `from_address` for every successful interaction. This address is designated as the transaction sender, representing the primary unique identifier for the user.
- **Key fields**: `from_address` (user identification), `block_timestamp` (timing).

### Component B: Aggregation and deduplication

- **Purpose**: Calculates the total count of unique participants for each calendar day.
- **Logic**: Transaction sender addresses are grouped by 24-hour UTC windows based on the block timestamp. Deduplication is performed within each window to ensure that each address is counted only once per day, regardless of the number of transactions executed by that address.
- **Key fields**: `block_timestamp` (used for daily grouping).

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

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

Active users (daily)

Blockchains (L1)

Mantra is a Decentralized Exchange (DEX), initially built on Ethereum and upgraded to the Mantra Chain, a blockchain built on the Cosmos SDK.

Mantra EVM

Archived

Active users (daily)

Active users (daily)

Chain breakdown