Currently, there is no clear definition of what a daily active user of a blockchain is, or what the user does on-chain. The number of active addresses on-chain is a flawed metric that is easily gamed and does not tell us much about general user behaviors or underlying patterns.
Many analytics platforms count an address with one or more outgoing transactions as a daily active user (DAU). This only tells us a little about what the underlying user is actually doing. To give user on-chain activity more color, we will group these DAUs into specific categories, and highlight visible on-chain behavioral patterns, utilizing our comprehensive entity label database. **This report attempts to deliver a more...