Liquidity providers deposit funds into SynFutures and receive trading fees from traders (supply-side fees).

SynFutures is a non-custodial decentralized exchange for perpetual contracts built on Base and multiple EVM-based chains. SynFutures was founded by Rachel Lin and was launched in 2021. 

SynFutures’ team & investors own and govern the protocol. They currently take a cut of the total trading fees paid by traders (revenue). SynFutures’ investors include Polychain Capital, Framework Ventures, Pantera Capital, etc.

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Derivative exchanges

SynFutures

# SynFutures Active users (daily) Methodology

## 1. Overview

SynFutures Daily Active Users (DAU) measures the number of unique wallet addresses that actively trade on the SynFutures derivatives protocol each day. This metric tracks user engagement across all supported blockchain networks and protocol versions, counting any wallet address that executes at least one trade or sweep operation as an active user for that day. The calculation aggregates trading activity from multiple SynFutures protocol deployments to provide a comprehensive view of daily user activity.

## 2. Data sources

The calculation uses parsed smart contract events from SynFutures protocol deployments across multiple blockchain networks:

- **SynFutures v1 events**: Parsed `Trade` events from `FuturesChainlinkPair` and `FuturesUniswapPair` contracts on Arbitrum, BSC, Ethereum, and Polygon networks, plus `BTCFutures` `Trade` events on Polygon
- **SynFutures v2 events**: Parsed `Trade` events from specific trading pair contracts (e.g., `WMATIC-USDC-DEXV2`) on Polygon
- **SynFutures v3 events**: Parsed `Trade` and `Sweep` events from unified `Instrument` contracts on Base and Blast networks
- **Blockchain transaction data**: Block timestamps and transaction hashes from the underlying blockchain networks
- **Chain availability data**: Chain-specific availability filters to ensure data quality and completeness

## 3. Step-by-step calculation

### Component A: User activity extraction
- **Purpose**: Extract all trading activities with user addresses from SynFutures protocol events across multiple chains and versions
- **Logic**: The system consolidates trading events from six blockchain networks (Arbitrum, Base, Blast, BSC, Ethereum, Polygon) and three protocol versions. For v1 deployments, it captures `Trade` events from both `FuturesChainlinkPair` and `FuturesUniswapPair` contracts, extracting the `trader` parameter. For v2 deployments on Polygon, it captures `Trade` events from specific pair contracts, extracting the `taker` parameter. For v3 deployments on Base and Blast, it captures both `Trade` and `Sweep` events from `Instrument` contracts, extracting the `trader` parameter. Each event record includes the block timestamp, transaction hash, chain identifier, and trader address.
- **Key fields**: `block_timestamp` for timing, `transaction_hash` for transaction identification, `chain` for network identification, `trader` or `taker` address from event parameters, `user_type` classified as "Trader", `market_sector_id` set to "derivatives", and `business_segment_id` set to "perpetual"

### Component B: Daily user aggregation  
- **Purpose**: Group user activities by day and identify unique active users
- **Logic**: The system truncates block timestamps to daily boundaries using day-level granularity, then applies distinct aggregation on user addresses within each day. This ensures that each unique wallet address is counted only once per day, regardless of how many transactions they performed. The aggregation maintains chain, user type, market sector, business segment, and product identifiers for dimensional analysis.
- **Key fields**: `timestamp` truncated to day boundary, `timestamp_grain` set to "day", `chain` for network identification, `user_type` for user classification, and `user_dau` containing the unique user address

### Final aggregation
- **Combining components**: The user activity extraction feeds directly into the daily aggregation component, with no additional joins required
- **Currency conversion**: Not applicable as this metric counts users rather than monetary values
- **Time aggregation**: Block timestamps are truncated to daily boundaries, creating discrete 24-hour periods for user counting
- **Final calculation**: The final DAU count represents the number of distinct wallet addresses that executed at least one trading or sweep operation on the SynFutures protocol within each calendar day, filtered by chain availability to ensure data completeness and quality across all supported networks

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

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

SynFuturesF

Active users (daily)

Active users (daily)

Competitive landscape

Chain breakdown