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Exchanges (DEX)

XSwap

XSwap | Data Breakdowns

# XSwap Active users (daily) Methodology

## 1. Overview

The xswap daily active users (DAU) metric measures the number of unique wallet addresses that interact with the xswap decentralized exchange protocol on the XDC blockchain within a 24-hour period. This metric captures user activity from both trading (swap transactions) and flash loan operations, providing a comprehensive view of daily protocol engagement. Users are classified as "Trader" type regardless of their specific activity, and each unique address is counted only once per day even if they perform multiple operations.

## 2. Data sources

The calculation relies on the following raw blockchain data from the XDC network:

- **XDC blockchain event logs**: Parsed `Pool_Flash_event` logs from Uniswap V3-style pool contracts for flash loan activity
- **XDC blockchain event logs**: Parsed `Pair_Swap_event` logs from Uniswap V2-style pair contracts and `Pool_Swap_event` logs from V3-style pool contracts for trading activity  
- **XDC transaction records**: Complete transaction data including sender addresses (`from_address`) to identify actual users
- **Static denylist data**: Hardcoded list of problematic trading pair contract addresses across multiple chains that are excluded due to limited price feed support for low liquidity tokens

## 3. Step-by-step calculation

### Component A: Flash loan user identification
- **Purpose**: Identify users who performed flash loan operations on xswap pools
- **Logic**: Extract flash loan events from XDC blockchain event logs by parsing `Pool_Flash_event` emissions from Uniswap V3-style pool contracts. Filter out events from denylisted pool addresses that have poor price feed support. Join with XDC transaction records to map each flash loan event to the actual user wallet address via the transaction `from_address` field. Truncate block timestamps to daily boundaries and assign business metadata including product identification as "xswap"
- **Key fields**: `user_address` (from transaction sender), `block_timestamp` (truncated to day), `account_address` (pool contract), `transaction_hash`, `amount0` and `amount1` (flash loan amounts)

### Component B: Trading user identification  
- **Purpose**: Identify users who performed swap transactions on xswap pools and pairs
- **Logic**: Extract swap events from both Uniswap V2 and V3 style contracts on XDC blockchain. For V2 pairs, parse `Pair_Swap_event` logs and calculate net token amounts by subtracting out amounts from in amounts. For V3 pools, parse `Pool_Swap_event` logs using direct amount fields. Join all swap events with XDC transaction records to identify the actual user wallet addresses. Truncate timestamps to daily boundaries and apply the same business metadata classification
- **Key fields**: `user_address` (from transaction sender), `block_timestamp` (truncated to day), `account_address` (contract address), `token0_amount` and `token1_amount` (swap amounts), `version` (V2 or V3)

### Final aggregation
- **Combining components**: Union flash loan users and trading users using UNION DISTINCT operation to ensure each unique wallet address is counted only once per day, even if they performed both flash loans and swaps
- **Currency conversion**: No currency conversion is applied as this is a user count metric, not a value metric
- **Time aggregation**: Daily boundaries are established by truncating all block timestamps to day level using timestamp truncation
- **Final calculation**: Count distinct wallet addresses per day across all xswap activities (flash loans and swaps), with each user classified as "Trader" type and assigned to the xswap product within the DEX business segment

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

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

XSwapXSP

Active users (daily)

Active users (daily)

Competitive landscape