How Is “Active User Count” Measured Consistently across Different Blockchain Networks?
Measuring active user count consistently is challenging because a single user can control multiple wallet addresses, making a simple count of unique addresses (wallets) an unreliable proxy. Analysts attempt to track user activity by monitoring metrics like the number of unique addresses interacting with smart contracts, or by using clustering algorithms to link related addresses to a single entity.
Consistency across networks is difficult due to varying definitions of "activity" and different data structures, requiring analysts to rely on protocol-specific reporting and external data providers.