Liquidity providers deposit funds into zkSwap and receive trading fees from traders (supply-side fees). Traders receive token rewards for their trades through the Swap2Earn incentive program (token incentives).

zkSwap Finance is a non-custodial Swap-to-Earn DeFi exchange protocol built on zkSync Era (originally a fork of Uniswap). zkSwap Finance was founded by pseudonymous ThunderNoah, etc., and launched in 2023. 

ZF token holders own and govern the protocol via Snapshot vote. They currently take a cut of the total trading fees paid by traders (revenue).

governance

github

twitter

discord

etherscan

website

Exchanges (DEX)

zkSwap Finance

# zkSwap Finance Active users (daily) Methodology

## 1. Overview

The zkSwap daily active users (DAU) metric measures the number of unique addresses that executed trades on the zkSwap v1 decentralized exchange on any given day. This metric provides insight into user engagement and trading activity on the zkSwap protocol by counting distinct trader addresses per day based on actual swap transactions.

## 2. Data sources

- **Blockchain events**: Parsed `Pair_Swap` events from zkSwap v1 smart contracts deployed on zkSync Era
- **Transaction data**: zkSync Era transaction records containing user address information and transaction metadata
- **Chain availability data**: Configuration data that determines which blockchain networks are currently active and should be included in metrics

## 3. Step-by-step calculation

### Component A: Trade event processing
- **Purpose**: Extract and process all trading activity from zkSwap v1 on zkSync Era
- **Logic**: The calculation begins by collecting all `Pair_Swap` events emitted by zkSwap v1 smart contracts on the zkSync Era blockchain. These events are joined with corresponding transaction records to identify the actual user addresses who initiated the trades, rather than just the contract addresses involved in the swap. Each swap event includes details about the tokens being exchanged and the amounts involved in both directions of the trade
- **Key fields**: Important fields include `block_timestamp` for timing, `transaction_hash` for transaction identification, `user_address` for the trader, `sender` address from the swap event, and token amount fields (`amount0In`, `amount0Out`, `amount1In`, `amount1Out`) representing the inflow and outflow of both tokens in the trading pair

### Component B: User identification and daily aggregation  
- **Purpose**: Identify unique traders and group their activity by calendar day
- **Logic**: The processed trade data is aggregated by truncating timestamps to daily boundaries using the `block_timestamp` field. For each calendar day, the system identifies all unique user addresses that executed at least one trade on zkSwap v1. Users are classified with the type "Trader" to distinguish them from other potential user categories. The aggregation includes business classification metadata such as market sector (exchanges), business segment (DEX), and product versioning information
- **Key fields**: Key fields include the truncated `timestamp` at day granularity, `user_address` for unique trader identification, `user_type` set to "Trader", and business classification fields like `chain`, `market_sector_id`, and `business_segment_id`

### Final aggregation
- **Combining components**: The trade events and user identification logic are combined in a single processing flow where each unique `user_address` that appears in trading activity on a given day contributes to that day's DAU count
- **Currency conversion**: No currency conversion is required as this metric counts addresses rather than monetary values
- **Time aggregation**: Daily boundaries are established by truncating the `block_timestamp` to day level, ensuring trades are grouped by calendar day in the blockchain's timezone
- **Final calculation**: The final daily active users count is determined by counting the number of distinct `user_address` values that appear in zkSwap trading activity on each calendar day, with results filtered by chain availability status to ensure only active blockchain data is included

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

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

zkSwap FinanceZF

Active users (daily)

Active users (daily)

Competitive landscape