Validators process transactions and receive fees from users (supply-side fees).

Mina is a smart contract platform for decentralized applications (a blockchain). Mina was founded by Evan Shapiro & Izaak Meckler and launched in 2017.

Mina’s investors include Pantera Capital, FTX Ventures, Circle Ventures, etc.

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Blockchains (L1)

Mina Protocol

# Mina Protocol Active addresses (daily) Methodology

## 1. Overview

The Mina active addresses daily metric measures the number of unique addresses that initiated at least one transaction on the Mina blockchain each day. This metric answers the business question "How many distinct addresses are actively using the Mina network daily?" The calculation is based on identifying unique transaction senders per day, since in blockchain networks, each transaction sender represents an active address interacting with the network.

## 2. Data sources

- **Raw transaction data**: Mina Protocol transaction records containing transaction hashes, block timestamps, and sender addresses
- **Blockchain events**: All transactions recorded on the Mina blockchain, specifically focusing on the sender addresses as the source of activity

## 3. Step-by-step calculation

### Component A: Transaction sender extraction
- **Purpose**: Identifies all addresses that sent transactions on the Mina network
- **Logic**: Extracts sender addresses from raw Mina transaction data along with block timestamps and transaction hashes. Each transaction record contains the address that initiated the transaction, which represents an active address. All senders are classified as 'Transaction sender' user type and tagged with appropriate metadata including 'mina' as the chain, 'blockchains_l1' as market sector, and 'blockchain' as business segment.
- **Key fields**: `block_timestamp` for timing, `sender` address as the active address, `transaction_hash` for transaction identification

### Component B: Daily user identification  
- **Purpose**: Groups transaction activity by day and identifies distinct active addresses
- **Logic**: Truncates block timestamps to day-level granularity and selects distinct sender addresses for each day. This creates a dataset of unique addresses that were active (sent at least one transaction) on each specific date. The distinct operation ensures that addresses sending multiple transactions on the same day are only counted once.
- **Key fields**: `timestamp` truncated to day level, `user_address` representing the distinct active address per day

### Component C: HyperLogLog aggregation
- **Purpose**: Creates efficient approximate counts of distinct addresses across different dimensions
- **Logic**: Generates HyperLogLog sketches with precision parameter 15 for each day, enabling efficient aggregation across multiple dimensions. Creates four different dimensional breakdowns: overall project level (project_dbt_tag), chain level, user type level, and product level. The HLL approach allows for scalable distinct counting while maintaining reasonable accuracy.
- **Key fields**: `hll` sketches for distinct counting, `user_dau` as the extracted distinct count from merged HLL sketches

### Final aggregation
- **Combining components**: The daily active user counts from the HLL aggregation are filtered to include only 'chain' and 'project_dbt_tag' dimensions, then relabeled as active addresses since each unique user address represents an active address in the blockchain context
- **Time aggregation**: Data is aggregated at daily boundaries using day-level timestamp truncation, ensuring each address is counted once per day regardless of transaction volume  
- **Gap filling**: Missing days in the time series are filled with zero values using the finalization macro to ensure complete daily coverage
- **Final calculation**: The final active addresses daily value represents the count of distinct sender addresses that initiated at least one transaction on the Mina blockchain for each given day

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

Unique active addresses over a fixed 24-hour window.

Mina ProtocolMINA

Archived

Active addresses (daily)

Active addresses (daily)

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