Validators process transactions and receive fees from users (supply-side fees).

Algorand is a smart contract platform for decentralized applications (a blockchain). Algorand was founded by Silvio Micali and launched in 2018.

ALGO holders own and govern the protocol. They currently take a cut of the transaction fees paid by users (revenue). Algorand's investors include Union Square Ventures, Multicoin Capital, Pillar, etc.

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Algorand

# Algorand Inner transaction count Methodology

## 1. Overview

The number of contract-initiated transactions on the Algorand blockchain is measured by the inner transaction count metric. Protocol-level transactions spawned by smart contracts, which support standard transaction types such as payments, asset transfers, and application calls, are captured by this metric. The volume of automated, contract-to-contract, and contract-to-account interactions within the ecosystem is reflected by these inner transactions.

## 2. Data sources

- **Blockchain events**: Inner transactions spawned by smart contract application calls, covering Algorand

## 3. Step-by-step calculation

### Component A: Inner transaction extraction

- **Purpose**: Contract-initiated transactions are identified and extracted from block data.
- **Logic**: Inner transactions spawned by smart contract application calls are retrieved from the on-chain ledger. All standard transaction types, including payments (`pay`), asset transfers (`axfer`), and application calls (`appl`), are included in this retrieval process.
- **Key fields**: `block_timestamp` (timing of the block)

### Component B: Daily aggregation and zero-filling

- **Purpose**: The daily volume of inner transactions is aggregated and normalized.
- **Logic**: The total count of inner transactions is aggregated by day based on the truncated block timestamp. Missing days within the time series are filled with zeros to ensure data continuity. Chain availability filters are applied to align the data with approved operational windows.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Contract-initiated transactions on the blockchain.

AlgorandALGO

Inner transaction count

Inner transaction count

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