# Active users (monthly) Methodology

## 1. Overview

The number of unique addresses executing revenue-generating transactions on Uniswap V4 is measured by active users (monthly). User engagement and protocol adoption across supported blockchain networks are reflected by this metric. Unique transaction signers interacting with Uniswap V4 liquidity pools are identified to quantify the active user base. Active users (monthly) are aggregated over a 30-day rolling window using UTC boundaries.

## 2. Data sources

- **Blockchain events**: `Swap` events from `PoolManager` contracts and transaction sender data from native transaction tables, covering Ethereum, Arbitrum, Base, Optimism, and 7 other chains

## 3. Step-by-step calculation

### Component A: Uniswap V4 trade tracking

- **Purpose**: Extract swap transactions and identify the participating users
- **Logic**: `Swap` events are parsed from `PoolManager` contracts across all supported chains. For each swap event, the transaction hash is joined with the corresponding chain's native transactions table to identify the transaction sender address as the active user. Trading pairs are filtered to exclude denylisted pools identified in the denylist configuration.
- **Key fields**: `block_timestamp` (timing), `transaction_hash` (transaction identifier), `pool_id` (pool identifier), `user_address` (user address)

### Component B: Monthly active user aggregation

- **Purpose**: Aggregate unique users per 30-day window and chain
- **Logic**: Transaction timestamps are truncated to monthly granularity using UTC boundaries. Unique transaction sender addresses are aggregated by 30-day window, chain, and product identifier to determine the monthly active user count. Chain availability filters are applied to align the data with active tracking windows.
- **Key fields**: `timestamp` (monthly boundary), `chain` (blockchain network), `product_id` (product identifier), `user_address` (unique user address)

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

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

Active users (monthly)

Exchanges (DEX)

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

Uniswap is a non-custodial exchange protocol built on Ethereum. Uniswap was founded by Hayden Adams and launched in 2018.

UNI tokenholders own and govern the protocol. They do not currently take a cut of the total trading fees paid by traders (revenue). Uniswap's investors include Paradigm, a16z, USV, etc.

Uniswap V4

Active users (monthly)

Active users (monthly)

Chain breakdown