NadoTerminalNado Analytics

Tread Stats & Cohorts

Revenue, volume, top users and cohort behavior for builder-attributed order flow.

All buildersrank #1100.0% builder share108 active days2.00 bps
Revenue$151.45K$19.07K last 30d
Volume$760.59M$98.72M last 30d
Users1K42 markets
Orders1.3M1.6M fills
Fee Rate2.00 bps100.0% share

Performance

Builder activity

Revenue$16.91KVolume$87.89MAvg Users53Orders148KFills182K
$1.73K$864.24$0.0000May 10May 16May 22May 28Jun 3Jun 8

Daily Revenue & Volume

Last 30 builder days, useful for spotting active campaigns, fee-rate changes and volume concentration.

30 days
DayRevenueVolumeUsersMarketsFillsOrdersFee Rate
Jun 8$55.45$277.27K1761.1K1.0K2.00 bps
Jun 7$102.49$512.43K22122.0K1.9K2.00 bps
Jun 6$78.46$392.30K21191.7K1.5K2.00 bps
Jun 5$1.73K$8.60M35143.8K3.1K2.06 bps
Jun 4$189.48$835.77K27122.2K2.0K2.15 bps
Jun 3$158.03$748.84K2792.3K2.1K2.10 bps
Jun 2$537.34$2.89M3384.1K3.5K1.95 bps
Jun 1$360.51$2.08M3382.9K2.5K1.93 bps
May 31$166.23$947.89K3372.3K1.8K1.99 bps
May 30$144.48$711.68K2982.0K1.6K2.09 bps
May 29$444.95$2.82M39152.9K2.3K1.79 bps
May 28$899.45$5.71M48174.8K3.9K1.82 bps
May 27$751.05$4.18M52105.2K4.4K1.94 bps
May 26$847.28$4.60M60176.7K5.5K1.95 bps
May 25$585.15$3.06M56106.9K4.6K1.97 bps
May 24$248.61$1.32M44103.7K2.7K1.91 bps
May 23$346.54$1.81M5393.7K3.1K1.92 bps
May 22$382.49$1.94M60154.6K3.9K1.98 bps
May 21$578.46$2.89M73127.1K5.8K2.00 bps
May 20$685.13$3.43M69208.3K6.9K2.00 bps
May 19$1.02K$5.09M781613.1K7.2K2.00 bps
May 18$1.08K$5.42M912115.6K13.2K2.00 bps
May 17$1.46K$7.29M942212.9K10.7K2.00 bps
May 16$563.59$2.82M80197.9K6.4K2.00 bps
May 15$508.25$2.54M79249.8K8.4K2.00 bps
Daily builder rows: 1-25 / 30

Revenue & Volume by Market

Products ranked by builder revenue, with wallet reach and fill intensity.

30 markets
MarketRevenueVolumeShareUsersFillsFee Rate
BTC-PERP#2$86.16K$430.66M56.9%964694.5K2.00 bps
ETH-PERP#4$29.91K$149.46M19.7%619266.7K2.00 bps
SOL-PERP#8$13.47K$67.63M8.9%419193.8K2.00 bps
XAUT-PERP#28$9.35K$49.97M6.2%266118.7K1.97 bps
HYPE-PERP#16$5.20K$26.09M3.4%328111.8K2.00 bps
BNB-PERP#14$1.67K$8.31M1.1%15638.5K2.01 bps
XRP-PERP#10$1.42K$7.13M0.9%13735.9K2.00 bps
TAO-PERP#32$659.95$3.30M0.4%7718.3K2.00 bps
LIT-PERP#36$577.31$2.89M0.4%10212.5K2.00 bps
ZEC-PERP#18$550.41$2.78M0.4%8413.7K1.99 bps
SUI-PERP#24$411.27$2.06M0.3%5510.1K2.00 bps
PUMP-PERP#30$258.22$1.29M0.2%566.6K2.00 bps
FARTCOIN-PERP#22$235.85$1.18M0.2%446.2K2.00 bps
MON-PERP#20$197.95$988.83K0.1%515.3K2.00 bps
XPL-PERP#50$149.48$746.91K0.1%484.3K2.00 bps
AAVE-PERP#26$146.58$732.90K0.1%353.5K2.00 bps
XMR-PERP#34$114.31$572.58K0.1%412.7K2.00 bps
ONDO-PERP#80$113.17$565.85K0.1%252.7K2.00 bps
ASTER-PERP#48$111.03$555.15K0.1%313.1K2.00 bps
ENA-PERP#72$106.33$531.15K0.1%262.9K2.00 bps
ZRO-PERP#58$93.59$467.95K0.1%242.2K2.00 bps
UNI-PERP#46$92.37$461.83K0.1%383.0K2.00 bps
DOGE-PERP#52$79.18$394.87K0.1%382.2K2.01 bps
LINK-PERP#74$72.78$363.92K0.0%151.7K2.00 bps
PENGU-PERP#40$39.69$198.46K0.0%181.3K2.00 bps
Market mix rows: 1-25 / 30
Cohorts

Wallet quality, retention, activity and lifecycle.

Builder Wallet Groups by Cumulative PnL

Builder-attributed wallets grouped by their platform wallet PnL, with builder revenue and volume inside each group.

$151.45K revenue

Extremely Profitable

> $1M
0
Neutral ↑50% In / 50% Out
Wallet PnL
$0
Builder Volume
$0
Builder Revenue
$0
Builder Fills
0

Very Profitable

$100K - $1M
0
Neutral ↑50% In / 50% Out
Wallet PnL
$0
Builder Volume
$0
Builder Revenue
$0
Builder Fills
0

Profitable

$0 - $100K
159
Neutral ↓44% In / 56% Out
Wallet PnL
$373.76K
Builder Volume
$78.01M
Builder Revenue
$15.64K
Builder Fills
177K

Unprofitable

$-100K - $0
1K
Neutral ↓49% In / 51% Out
Wallet PnL
-$1.26M
Builder Volume
$504.46M
Builder Revenue
$100.19K
Builder Fills
1M

Very Unprofitable

$-1M - $-100K
4
Neutral ↑53% In / 47% Out
Wallet PnL
-$738.22K
Builder Volume
$178.12M
Builder Revenue
$35.62K
Builder Fills
96K

Rekt

< $-1M
0
Neutral ↑50% In / 50% Out
Wallet PnL
$0
Builder Volume
$0
Builder Revenue
$0
Builder Fills
0

Builder User Retention

Weekly first-builder-use cohorts, W0-W12. Cell color blends active retention and builder revenue weight.

Jun 1-7 · 6
CohortW0W1W2W3W4W5W6W7W8W9W10W11W12
Mar 9-1580 users100%43%28%19%18%13%11%9%6%5%6%6%4%
Mar 16-2245 users100%42%27%7%13%16%11%2%7%2%---
Mar 23-2945 users100%47%20%22%16%18%4%7%4%-2%--
Mar 30-Apr 528 users100%39%39%43%25%21%25%18%18%11%---
Apr 6-1223 users100%57%26%26%26%17%13%13%9%----
Apr 13-1926 users100%35%31%23%15%4%4%------
Apr 20-2616 users100%56%25%19%6%6%-------
Apr 27-May 323 users100%48%26%17%13%--------
May 4-1030 users100%60%30%23%17%--------
May 11-1736 users100%61%17%6%---------
May 18-2434 users100%29%9%----------
May 25-3111 users100%9%-----------
Jun 1-76.0000 users100%------------

Builder Activity Heatmap

Average builder-attributed fill volume by time of day (UTC) - Last 12 weeks.

UTC 4-hour slots. Click any cell to inspect top wallets.
QuietActiveHeavyPeak
00-04 UTC
04-08 UTC
08-12 UTC
12-16 UTC
16-20 UTC
20-24 UTC
Mon
Tue
Wed
Thu
Fri
Sat
Sun

Wallet Map

222 wallets
Profit CentersAverage UsersHardcore DegensLow-activity WhalesSmall Users
180 wallets
$1$5$20$100$500$2K$5$20$100$500$2K$10K$50K$200K90D BUILDER REVENUE ->EQUITY PROXY ->

Builder User Status

Distribution across lifecycle stages for wallets attributed to Tread.

1.2K total
ActiveBuilder fill within 7 days, equity proxy >= $20
231.9%
DormantBuilder fill 8-14 days ago, equity proxy >= $20
171.4%
Cooling OffBuilder fill within 14 days, equity proxy < $20
826.9%
SwitchedCompetitor migration signal unavailable
00.0%
Moved OnNo builder fill for more than 14 days
1.1K89.8%
True Retention Rate
1.9%
Competitive Loss Rate
0.0%
Total Churn Rate
89.8%

Builder User Lifecycle

Revenue timeline from builder-attributed fills.

1.2K users
Avg Revenue$127.16median $17.82
Peak Day8.0dmedian 1d
50% Revenue8.5dmedian 2d
Moved On22.8dmedian 8d
Peak · Day 850% Rev · Day 975% Rev · Day 14Churn · Day 23
Day 0Day 90

Peak Revenue Distribution

Before Day 776.6%912
Day 7-3014.4%172
After Day 309.0%107

Peak Day Revenue

$32.04Average builder revenue daymedian $7.29