VariationalVAR

Active users (monthly) measures the number of unique addresses that make a revenue-generating transaction with Variational over a 30-day rolling window. For Variational, active users are identified as the distinct settlement-pool counterparties who participate in collateral movements, atomic settlements, and pool creation. Because pool interactions are oracle-gated and submitted by a relayer rather than the end user, participants are resolved from event parameters that name the true parties rather than from transaction senders. This metric captures genuine trading and settlement activity while excluding protocol-owned accounts.Learn more