DeFi FAQs

Can the daily number of unique buyers be derived from DEX swaps data?
Each DEX swap served via the market-trades endpoint is associated with 3 different Ethereum addresses:
Initiator is the Ethereum address which submitted the transaction, as a result of which the swap occurred
Sender is the Ethereum address that invoked the liquidity pool smart contract's function for swapping
Beneficiary is the Ethereum address credited with the output tokens upon the completion of a swap
The swap beneficiary address can be used to approximate the number of unique buyer addresses over a given timeframe.
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Last modified 4mo ago