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https://warpcast.com/~/channel/polymarket
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ted (not lasso)
@ted
sure i can figure this out if I spent some time on it but don't have time so can anyone help me understand discrepancy between polymarket's reported DAU? Token Terminal showing ~400 (yes, only 400) daily active addresses whereas Dune (by @rchen8) is showing ~25,000 daily active traders. will send $10 USDC to first correct answer / best answer. thank you! https://tokenterminal.com/explorer/projects/polymarket/metrics/active-addresses-daily https://dune.com/rchen8/polymarket
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Goldy
@goldytalks
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Yassine Landa
@yassinelanda.eth
It’s like ~200k MAUs (who did at least 1 trade) and by the way ~33k of those wallets are linked to a Farcaster user! Trust me, we’re running the data since early May but you can check easily on Dune. If you check the submitters, resolvers address that to the trading on the contract levels that is only 100s but that’s “internal” workings.
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Alex
@asenderling.eth
They're measuring different things. I'm not sure what Token Terminal is measuring because that dashboard's underlying data isn't clear to me, at least without an account. But the Dune query (https://dune.com/queries/3343123/5601860) is measuring all of the distinct addresses that are participating in transactions with the market buy or market sell topics (found in the transaction logs for a Polymarket transaction). This seems far more rigorous/accurate to me. I'd be willing to bet that Token Terminal is failing to take into consideration all of the Proxy Wallets that users are using to trade on Polymarket and may only be measuring distinct external addresses interacting with PM contracts.
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Nate Maddrey
@nmadd
ok so I think what's happening is richard's query is getting all active polymarket markets that use USDC as collateral, while the Token Terminal only seems to be tracking active addresses for the main polymarket smart contract Richard's is also tracking multiple activities as "active users," including interacting with market contracts but also opening and filling orders on Polymarket exchanges so in short, Richard's seems much more correct and comprehensive I can't find more details about the what Token Terminal is actually doing but obviously their numbers seems suspiciously low. so I assume they're doing some overly simple way of tracking active addresses, like just looking at addresses that interact with the main contract this unfortunately is a pretty common problem with crypto data providers, where they'll provide a metric but then not be transparent about how it was calculated so you can't really tell if it's accurate
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