Stacks miners batch users' transactions and receive fees from users (supply-side fees). Miners submit transactions to Bitcoin, paying a share of the transaction fees to Bitcoin miners.

Stacks is an smart contract platform for creating decentralized applications on Bitcoin (a blockchain). Stacks was founded by Muneeb Ali and Ryan Shea, and launched in 2021.

STX tokenholders own and govern the protocol. They currently do not take a cut of the total transaction fees paid by users (revenue). Stacks' investors include IOSG Ventures, The Spartan Group, Hashkey Exchange, etc.

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Blockchains (L2)

Stacks

# Active users (monthly) Methodology

## Overview

Active users (monthly) measures the number of unique addresses that make a revenue-generating transaction with a project, i.e. An application or a blockchain. Active users (monthly) are measured on a 30-day rolling basis.

## Data sources

- Blockchain transaction records (senders, receivers, and block timestamps)
- Program instructions on Solana
- Smart contract events and logs
- Transaction input and output data (UTXO)

## Common calculation approaches

### Blockchain transaction tracking
Unique transaction signers are tracked from blockchain records on networks such as Ethereum and BNB Chain. On these blockchains, every address that initiates a transaction is recorded to determine the number of distinct participants interacting with the network within a 30-day rolling window.

### UTXO-based address resolution
For networks including Bitcoin, active users are determined by resolving addresses from transaction inputs and outputs. Distinct addresses are extracted from transaction records to reflect the count of unique users sending transactions over monthly periods.

### Smart contract and instruction analysis
User activity is tracked from interactions with specific programs or contracts, such as those associated with Jito on Solana. Distinct addresses are identified from `Mint` and `Burn` instructions or native token transfers to determine the number of unique users interacting with specific protocol products.

**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 30-day window.

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Active users (monthly)

Active users (monthly)

Competitive landscape