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IntroArticlesAnalysis
DEFITUNA

Wallet Usage

Tracks unique wallets interacting with the DefiTuna protocol through revenue-generating actions. Daily metrics capture single-day activity, while weekly metrics show rolling 7-day participation to identify sustained engagement patterns.

Data​

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Use Cases​

This page helps you:

  • Track protocol adoption: Monitor growth in unique wallets creating protocol revenue daily
  • Identify engagement patterns: Compare daily spikes with sustained weekly activity to distinguish one-time users from regular participants
  • Assess user retention: Weekly active wallet trends reveal whether users return after their first interaction
  • Evaluate protocol changes: Identify the impact of feature launches, parameter updates, or integrations on usage numbers by comparing activity before and after changes
  • Benchmark growth: Use daily and weekly metrics to measure protocol health over time
  • Identify power users: Use the Top Daily Wallets table to find the most consistently engaged wallets

How to Read These Charts​

Click to expand chart reading guide

Daily Active Wallets Chart:

  • X-axis: Date (UTC days)
  • Y-axis: Number of unique wallets executing fee-generating actions each day
  • Spikes: May indicate marketing campaigns, token launches, or protocol events
  • Baseline: Represents core user base executing regular transactions

Weekly Active Wallets Chart:

  • X-axis: Date (UTC days)
  • Y-axis: Rolling 7-day union of active wallets (counts each wallet once even if active on multiple days)
  • Smooths volatility: Filters out single-day spikes to show sustained engagement trends
  • Lag effect: Changes appear gradually due to 7-day rolling window

Top Daily Wallets Table:

  • Wallet Address: Solana address (links to Solscan)
  • Days Active: Total distinct days the wallet executed fee-generating transactions
  • Transactions: Total number of fee-generating transactions across all days
  • First/Last Seen: Date range of wallet activity
  • Staking Timeline: Link to view detailed staking activity for each wallet

Methodology​

Click to expand technical details

Data Sources

  • Transaction logs: On-chain fee-generating transactions from DefiTuna protocol
  • Wallet identification: Unique Solana addresses executing protocol instructions
  • Activity tracking: Daily records of which wallets executed fee-generating actions

For complete pipeline details, see Data Pipeline.

Fee-Generating Actions

A wallet is counted as active when it executes transactions that generate protocol fees. This includes:

  • Liquidity operations: Swaps, adding/removing liquidity
  • Position management: Opening or adjusting positions
  • Liquidations: Liquidating underwater positions
  • Other revenue-generating activities: Any operation that contributes to treasury revenue

Excluded activities:

  • Staking/unstaking operations (tracked separately in Stakers)
  • Failed transactions
  • System transactions without fee generation

Daily Active Wallets Calculation

For each UTC day:

  1. Collect all successful fee-generating transactions
  2. Extract unique wallet addresses from transaction signers
  3. Count distinct addresses per day

This provides a snapshot count of unique participants each day, with wallets counted once per day regardless of transaction frequency.

Weekly Active Wallets Calculation

For each UTC day:

  1. Collect all unique daily active wallets from the past 7 days (including current day)
  2. Count distinct addresses across the 7-day window
  3. Each wallet counted once even if active on multiple days within the window

This rolling 7-day union smooths daily volatility and highlights sustained participation patterns.

Top Daily Wallets Ranking

The Top Daily Wallets table ranks by:

  • Activity frequency: Number of distinct calendar days (UTC) the wallet executed fee-generating transactions
  • Not by transaction volume: A wallet with 100 transactions on 1 day ranks below a wallet with 10 transactions on 10 different days
  • Purpose: Identifies consistently engaged users rather than high-volume traders

Update Frequency

Data is automatically updated once a day. Check the "Last updated" timestamp in the site header for data freshness.

Known Limitations

  • Only tracks fee-generating activities; non-revenue operations excluded
  • Multi-wallet users (same person controlling multiple addresses) are counted separately
  • Does not measure transaction size or volume, only participation
  • Single-day spike can inflate weekly metric for up to 7 days due to rolling window
  • Cross-protocol users (using multiple protocols) appear as separate wallets per protocol