# Active users (monthly) Methodology

## 1. Overview

Active users (monthly) is defined as the number of unique addresses that execute a revenue-generating transaction with Native Relay within a 30-day rolling window. For Native Relay, active users are identified as the transaction signers (traders) behind Request for Quote (RFQ) fills that are settled against the protocol's inventory. This metric is utilized to evaluate user adoption, transaction frequency, and overall protocol engagement across all deployed pool contracts.

## 2. Data sources

- **Blockchain events**: `RFQTrade` events from `NativeRFQPool` contracts, combined with transaction sender records from native blockchain transactions, covering BSC, Ethereum, Arbitrum, Base, and 3 other chains

## 3. Step-by-step calculation

### Component A: Trade event extraction

- **Purpose**: Capture of Request for Quote (RFQ) trade details from the deployed pool contracts
- **Logic**: `RFQTrade` events are parsed from `NativeRFQPool` contracts across all supported chains. For each event, the transaction hash, block timestamp, and contract address are extracted. Only trades settled against Native's own inventory are included, while external swaps routed to third-party venues are excluded.
- **Key fields**: `transaction_hash`, `block_timestamp`, `address`

### Component B: Transaction signer identification

- **Purpose**: Identification of the unique user address responsible for initiating each trade
- **Logic**: The extracted trade events are joined with native blockchain transaction records using the transaction hash. The transaction sender address (`from_address`) is identified as the active user for each trade. This ensures that even when trades are mediated by router or settlement contracts, the actual initiating user is correctly captured. Additionally, the transaction scan is bounded by the earliest deployment date on each respective chain.
- **Key fields**: `transaction_hash`, `from_address`

### Component C: Monthly aggregation and deduplication

- **Purpose**: Calculation of the monthly count of unique active users
- **Logic**: The identified user addresses are aggregated per 30-day window using UTC boundaries. Duplicate addresses within the same 30-day rolling window are removed to produce a distinct count of active users (monthly). Chain availability filters are applied to ensure data completeness and accuracy before final output.
- **Key fields**: `block_timestamp`, `user_address`

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

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

Active users (monthly)

Exchanges (DEX)

Native Relay streams Core prices to wallets and aggregators and routes their orders into Native, while Native Pro exposes the Core matching engine to institutions over direct, exchange-grade interfaces. Trades settle non-custodially through NativeRouter and CreditVault contracts deployed on each supported EVM chain. Native applies standard maker and taker fees on Native Core: 0% on stablecoin and softpeg markets, 0.1% taker and 0.02% maker on majors and RWAs, and 0.001% taker with 0% maker on selected markets. Integration partners routing through Native Relay negotiate a customized additional Relay fee, typically set at zero or minimal, on top of the standard maker and taker rates.

Native is a non-custodial trading infrastructure for on-chain spot markets that decouples pricing logic from asset settlement. Native Core is an on-chain sovereign state machine where price discovery and central limit order book matching are finalized, while Native Pool consists of distributed smart contracts on EVM chains that custody assets and enforce settlement. Rather than pricing trades through AMM pools, Native matches orders in its own engine and exports the resulting liquidity to integrating chains and distribution surfaces.

Native serves wallets, aggregators and intent platforms that route order flow into Native to source on-chain liquidity, institutions and professional market makers that integrate through Native Pro, and liquidity providers that supply the permissionless vaults used for settlement.

Native Relay

Active users (monthly)

Active users (monthly)

Chain breakdown