Pool delegates create a pool and attract funding, from which they receive a portion of the establishment fee and the interest accrued. Liquidity providers add liquidity to the pool and receive a portion of the interest (supply-side fees).

Maple is a non-custodial lending protocol built on Ethereum offering undercollateralized loans for institutional borrowers. Maple was founded by Sid Powell and Joe Flanagan and launched in 2021.

MPL token holders govern and own the protocol. They currently take a cut of the establishment fee (revenue). Maple’s investors include Framework Ventures, One Block Capital, Stani Kulechov etc.

governance

github

twitter

discord

etherscan

website

Lending

Maple Finance

# Maple Finance Active users (daily) Methodology

## 1. Overview

Active users (daily) measures the number of unique addresses that make a revenue-generating transaction with a project, i.e. An application or a blockchain. Active users (daily) are measured over a fixed 24-hour window. For Maple Finance, unique addresses are captured when interacting with lending pools or claiming token incentives. This metric is utilized to evaluate user engagement and adoption across various products, including Maple Institutional, Maple Finance syrupUSDC, Maple Finance syrupUSDT, Maple Finance syrupUSDG, and Other Maple pools.

## 2. Data sources

- **Blockchain events**: `RewardPaid` events from `MplRewards` contracts and ERC-20 `Transfer` events, covering Ethereum

## 3. Step-by-step calculation

### Component A: Pool transaction tracking

- **Purpose**: Capture user interactions with Maple Finance lending pools
- **Logic**: ERC-20 `Transfer` events are filtered to identify transactions where the sender or recipient matches an allowlisted Maple Finance pool address. For transfers to a pool address, the sender address is identified as the active user. For transfers from a pool address, the recipient address is identified as the active user. These users are classified as traders.
- **Key fields**: `from_address`, `to_address`, `block_timestamp`

### Component B: Token incentive and reward tracking

- **Purpose**: Capture users claiming protocol rewards and incentives
- **Logic**: Active reward claimers are identified through two methods. First, `RewardPaid` events from `MplRewards` contracts are parsed, and the recipient address is extracted from the `account` field. Second, ERC-20 `Transfer` events of the MPL token are parsed where the sender matches an allowlisted reward account address, and the recipient address is extracted. These users are classified as reward claimers.
- **Key fields**: `account`, `to_address`, `block_timestamp`

### Component C: Daily active user aggregation

- **Purpose**: Aggregate unique addresses to calculate active users (daily)
- **Logic**: User addresses from pool transactions and token incentives are combined. The dataset is truncated to a daily granularity using UTC boundaries. Duplicate addresses are removed within each 24-hour window to calculate the final count of unique active users (daily) per chain and product.
- **Key fields**: `user_address`, `block_timestamp`

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

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

Maple FinanceSYRUP

Active users (daily)

Active users (daily)

Competitive landscape

Chain breakdown