# 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

tradeXYZ earns a deployer share of trading fees on the perpetual markets it has deployed under Hyperliquid's HIP-3 framework. Markets are executed on Hyperliquid's HyperCore L1 order book; tradeXYZ 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; tradeXYZ's deployerFeeScale is 1.0, so the standard split applies.

tradeXYZ offers USDC-settled perpetual contracts on US equities (TSLA, NVDA, AAPL, MSFT, ...), indices (S&P 500, XYZ100, NIFTY, KR200), commodities (gold, silver, Brent, WTI, copper), and FX (EUR, JPY, GBP, KRW), with leverage from 10x to 50x. All 77+ markets are deployed under the HIP-3 `xyz` namespace and execute on Hyperliquid's HyperCore order book. tradeXYZ runs all markets in HIP-3 growth mode, reducing user-facing fees by 90% versus standard HIP-3.

tradeXYZ is the first HIP-3 (builder-deployed perpetuals) deployment on Hyperliquid and the dominant builder by open interest, deployed by wallet 0x88806a71d74ad0a510b350545c9ae490912f0888. tradeXYZ is operated as a private company; no token has been issued.

MAGS PerpetualMAGS

Active users (weekly)

Active users (weekly)