> 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

Common metric interpretation caveats for growthepie data.

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)