> For the complete documentation index, see [llms.txt](https://docs.growthepie.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.growthepie.com/methodology-caveats/methodology-and-caveats/metric-interpretation-caveats.md).

# Metric Interpretation Caveats

Metrics answer specific questions and can be misread if used outside their intended scope. This page collects the most important interpretation caveats in one place.

## Common Caveats

* `daa` is an address-level signal, not a person-level user count.
* `txcount` is an activity count, not a throughput or complexity measure.
* `txcosts` is a median transaction cost metric, not total fees paid.
* `fees` is distinct from `app_revenue`.
* `market_cap` and `fdv` are market metrics and can move with token price rather than onchain usage.
* Value metrics such as `tvl` and `stables_mcap` should not be treated as direct activity metrics.

## Related Pages

* [daa](/metric-reference/metric-reference/daa.md)
* [txcount](/metric-reference/metric-reference/txcount.md)
* [txcosts](/metric-reference/metric-reference/txcosts.md)