# Bifrost Substrate Transaction count Methodology

## 1. Overview

The total number of confirmed transactions added to the Bifrost Substrate blockchain is measured by Transaction count. User engagement and network activity are reflected in this metric. The volume of processed extrinsics is used to evaluate the overall utilization and adoption of the Bifrost Substrate infrastructure.

## 2. Data sources

- **Blockchain events**: `extrinsics` from the Bifrost Substrate network

## 3. Step-by-step calculation

### Component A: Extrinsic extraction

- **Purpose**: Unique transaction records are identified and extracted from the blockchain.
- **Logic**: All extrinsics are retrieved from the Bifrost Substrate ledger data. Each record is processed to extract its unique extrinsic identifier and the specific block timestamp associated with its confirmation.
- **Key fields**: `extrinsic_id`, `block_timestamp`

### Component B: Daily aggregation

- **Purpose**: Transaction records are consolidated into daily totals for reporting.
- **Logic**: The count of distinct extrinsic identifiers is calculated for each 24-hour period. Data is aggregated using UTC day boundaries. To ensure time series continuity, the resulting values are zero-filled for any days where no activity is recorded.

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

Confirmed transactions added to the blockchain.

Transaction count

Blockchains (L2)

Collators aggregate parachain transactions block candidates and producing state transition proofs for validators based on those blocks.

Bifrost is the Staking Yield Layer app-chain for stablecoins, RWAs, and DeFi, powered by the Polkadot Relay chain.

BNC holders own and govern the protocol. Bifrost’s investors include OKX Ventures, Long Hash Ventures, etc.

Bifrost Substrate

Archived

Transaction count

Transaction count

Chain breakdown