How Can a Protocol’s Gas Fee Structure Influence the Reported Number of Active Users?

A protocol's gas fee structure directly influences the reported number of active users. If fees are extremely low or subsidized, it lowers the barrier to entry, potentially attracting a high number of low-value, non-economic, or even spam-related transactions, which inflates the active user count.

Conversely, high fees deter casual users, resulting in a lower but potentially higher-quality active user count, composed mainly of users performing high-value transactions.