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

Solana is a smart contract platform for decentralized applications (a blockchain). Solana was founded by Anatoly Yakovenko, Greg Fitzgerald, Raj Gokal, etc. and launched in 2020.

SOL holders own and govern the protocol. They currently take a cut of the transaction fees paid by users (revenue). Solana’s investors include Polychain Capital, ParaFi capital, Passport capital, etc.

governance

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Blockchains (L1)

Solana

# Solana Active users (monthly) Methodology

## 1. Overview

Active users (monthly) measures the number of unique accounts that initiate revenue-generating transactions on the Solana network. This metric serves as a primary indicator of network adoption and engagement by quantifying the distinct participants interacting with programs on the blockchain within a 30-day rolling window. Because every transaction on Solana requires a fee payment, all transaction signers—including those associated with both successful and failed transactions—are captured to reflect the total volume of distinct users contributing to network activity and revenue.

## 2. Data sources

- **Blockchain events**: Transaction and failed transaction data covering Solana

## 3. Step-by-step calculation

### Component A: Solana network activity extraction

- **Purpose**: Identify all unique accounts participating in network transactions.
- **Logic**: Transaction signers are extracted from both successful and failed transaction records. Each unique `signer` is identified as a transaction sender. The inclusion of failed transactions is maintained to ensure that all accounts consuming network resources and paying associated fees are represented in the user count.
- **Key fields**: `block_timestamp` (timing) and `signer` (account identification).

### Unique account aggregation

- **Purpose**: Calculate the total volume of distinct active users per 30-day window.
- **Logic**: Timestamps are truncated to monthly granularity using UTC month boundaries. Distinct signers are aggregated by month to calculate the total number of unique active users (monthly). For consistency across transaction status types, this calculation is applied to data generated from January 1, 2025, onwards.
- **Key fields**: `timestamp` and `user_address` (derived from the transaction `signer`).

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

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

SolanaSOL

Active users (monthly)

Active users (monthly)

Competitive landscape