Unique Active Wallets (UAWs)

Unique Active Wallets (UAWs) refer to the number of distinct wallets interacting with a decentralized application (dApp) or blockchain network within a given time frame, usually measured daily. This metric is used to assess the level of user engagement and activity on a platform. A higher number of UAWs indicates increased user participation, while a lower number may suggest declining interest. For example, a DeFi platform like Aave may track UAWs to gauge the level of user engagement and the health of the platform.