Liquidity providers deposit NFTs and funds into Sudoswap and receive trading fees, and creators receive royalties from users (supply-side fees).

Sudoswap is a non-custodial NFT marketplace protocol built on Ethereum. Sudoswap was founded by Owen Shen and launched in 2022.

Team and investors own and govern the protocol. They currently take a cut of the total fees paid by users (revenue).

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NFT marketplaces

Sudoswap

# Sudoswap Active users (daily) Methodology

## 1. Overview

Daily Active Users (DAU) for sudoswap measures the number of unique user addresses that executed NFT swaps on the sudoswap protocol each day. This metric captures trading activity across both sudoswap v1 and v2 contract versions on Ethereum, focusing specifically on users who either purchased NFTs with tokens or sold NFTs for tokens through sudoswap's automated market maker pools.

## 2. Data sources

- **Ethereum transaction traces**: Parsed function call data from sudoswap contract interactions
- **Sudoswap v1 contracts**: Function calls to `Pair` contracts for NFT-token swaps
- **Sudoswap v2 contracts**: Function calls to `LSSVMPairERC721ETH` and `LSSVMPairERC1155ETH` contracts
- **Transaction metadata**: Block timestamps and transaction success status from Ethereum
- **Function call parameters**: Recipient addresses extracted from swap function inputs

## 3. Step-by-step calculation

### Component A: User activity extraction
- **Purpose**: Identify all users who executed NFT swaps through sudoswap contracts
- **Logic**: Extract user addresses from successful function calls across multiple sudoswap contract versions and swap types. The system monitors specific swap functions including `swapTokenForAnyNFTs`, `swapNFTsForToken`, `swapTokenForSpecificNFTs`, and their v2 equivalents. For each function call, the system extracts the recipient address from the appropriate function parameter - either `nftRecipient` (for users buying NFTs) or `tokenRecipient` (for users selling NFTs). Only successful transactions are included by filtering for status equals true.
- **Key fields**: User addresses are extracted from `nftRecipient` and `tokenRecipient` parameters and standardized into a single `user_address` field. Each interaction includes the `block_timestamp` for temporal analysis and `transaction_hash` for uniqueness.

### Component B: User classification and metadata
- **Purpose**: Classify users and add contextual metadata for business analysis
- **Logic**: All users extracted from swap functions are classified as 'Trader' type since they are actively participating in NFT trading. Additional metadata is added including chain identification (ethereum), market sector classification (nfts), and business segment classification (marketplace). Each interaction is tagged with these standardized categories to enable cross-protocol analysis.
- **Key fields**: `user_type` is set to 'Trader', `chain` is set to 'ethereum', `market_sector_id` is set to 'nfts', and `business_segment_id` is set to 'marketplace'.

### Final aggregation
- **Combining components**: All user interactions from both v1 and v2 contracts are combined into a single dataset using union operations
- **Time aggregation**: Block timestamps are truncated to day level using timestamp truncation, establishing daily boundaries for user activity measurement
- **Deduplication**: Within each day, user addresses are deduplicated using distinct operations to count each user only once per day, regardless of how many swaps they performed
- **Final calculation**: The DAU metric represents the count of distinct user addresses who executed at least one successful swap transaction on sudoswap within each calendar day. Chain availability filtering is applied to ensure data completeness across the selected time periods.

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

Unique revenue-generating users over a fixed 24-hour window.

SudoswapSUDO

Active users (daily)

Active users (daily)

Competitive landscape

Chain breakdown