# Active users (weekly) Methodology

## Overview

Active users (weekly) measures the number of unique addresses that make a revenue-generating transaction with a project, i.e. An application or a blockchain. Active users (weekly) are measured on a 7-day rolling basis.

## Data sources

- Raw blockchain transaction records and program instructions
- Smart contract events capturing specific user interactions
- Asset metadata and token price feeds
- Chain availability and configuration data

## Common calculation approaches

### On-chain transaction analysis
Unique sender addresses are extracted from transaction records on EVM chains including Ethereum and BNB Chain, and from networks such as Tron and Solana. All transaction signers are identified as active users because every transaction on these blockchains requires a fee payment, regardless of whether the transaction is successful or failed.

### Service-specific interaction tracking
For service-oriented projects, unique users are identified through specific revenue-generating actions captured from smart contract data. For example, users are identified from Jito based on JitoSOL `Mint` and `Burn` instructions for liquid staking and native SOL transfers to fee collection accounts for MEV tipping services.

**Note:** The calculation approaches and protocol examples above are representative patterns. Individual protocol implementations may vary.

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

Unique revenue-generating users over a rolling 7-day window.

Active users (weekly)

Derivative markets

Paragon earns a deployer share of trading fees on the perpetual markets it has deployed under Hyperliquid's HIP-3 framework. Markets execute on Hyperliquid's HyperCore L1 order book; it does not operate its own matching engine. The default HIP-3 fee split allocates 50% of each user-paid fee to Hyperliquid and 50% to the deployer; deployerFeeScale is 1.0, so the standard split applies.

Paragon offers USDC-settled perpetual contracts on crypto index and basket products (BTC dominance, TOTAL2, OTHERS) and AVGO. All 4 markets are deployed under the HIP-3 `para` namespace and execute on Hyperliquid's HyperCore order book.

Paragon is a HIP-3 (builder-deployed perpetuals) deployer on Hyperliquid, deployed by wallet 0x8888888c43cbb7e1c4132542e46831bffd866ed3. Paragon is operated as a private company; no token has been issued.

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Active users (weekly)

Active users (weekly)