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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Blockchains (L1)

Algorand

# Algorand Transactions per second Methodology

## 1. Overview

Transactions per second is defined as the average number of confirmed user transactions added to the Algorand blockchain each second. Both the throughput and real-time usage of the network are reflected by this metric. A standardized measure of network activity is provided to facilitate the comparison of throughput across different time periods. Daily averages are derived from aggregate transaction volumes to represent network performance over a 24-hour window.

## 2. Data sources

- **Blockchain events**: Confirmed transactions from the Algorand network

## 3. Step-by-step calculation

### Component A: Algorand transaction aggregation

- **Purpose**: The total number of transactions processed by the network is determined on a daily basis.
- **Logic**: Unique transaction identifiers are extracted from blockchain records. These transactions are filtered by block timestamp and aggregated to calculate the total number of distinct confirmed transactions for each UTC day.
- **Key fields**: `transaction_id`, `block_timestamp`

### Component B: Average throughput calculation

- **Purpose**: Daily transaction totals are converted into a per-second average.
- **Logic**: The total daily transaction count is divided by 86,400, which represents the number of seconds in a day. This calculation yields the average number of transactions processed per second for the specific 24-hour period.
- **Key fields**: `transaction_count`

### Component C: Final normalization and zero-filling

- **Purpose**: Consistency and continuity in the time series are ensured.
- **Logic**: Calculated values are validated against approved chain identifiers. In instances where no transaction activity is recorded for a specific day, values are zero-filled to maintain a complete historical record.
- **Key fields**: `timestamp`, `transactions_per_second`

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

Average confirmed user transactions added per second.

AlgorandALGO

Transactions per second

Transactions per second

Competitive landscape