# Bifrost Substrate Transactions per second Methodology

## 1. Overview

Transactions per second measures the average number of confirmed user transactions added to Bifrost Substrate each second. It reflects both the network’s throughput and real-time usage across its native Substrate environment and its EVM-compatible layer. This metric is used to evaluate the scaling efficiency and activity levels of the Bifrost Substrate blockchain.

## 2. Data sources

- **Blockchain events**: Native extrinsics and `Executed` events from the `ethereum` pallet on Bifrost Substrate

## 3. Step-by-step calculation

### Component A: Transaction identification and extraction

- **Purpose**: Captures all unique transaction attempts executed on the network.
- **Logic**: Transactions are identified through two primary data flows. First, native Substrate extrinsics are extracted to capture core network interactions. Second, `Executed` events are parsed from the `ethereum` pallet to capture transactions occurring within the EVM-compatible environment. A unique transaction identifier is assigned to each entry to ensure distinct counting.
- **Key fields**: `block_timestamp`, `extrinsic_id`, `event_index`

### Component B: Daily transaction aggregation

- **Purpose**: Consolidates individual transactions into daily totals for the Bifrost Substrate product.
- **Logic**: Transactions are aggregated by truncating block timestamps to the daily level. A distinct count of transaction identifiers is performed to determine the total volume of successful operations per day. Data is filtered to include only those records associated with the Bifrost Substrate product.
- **Key fields**: `transaction_count`

### Component C: Throughput normalization

- **Purpose**: Converts daily transaction volumes into a per-second throughput metric.
- **Logic**: The total daily transaction count is divided by the number of seconds in a day (86,400). This calculation produces the average number of transactions processed per second over a 24-hour UTC window. The resulting values are stored with daily granularity.
- **Key fields**: `transactions_per_second`

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

Average confirmed user transactions added per second.

Transactions per second

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

Transactions per second

Transactions per second

Chain breakdown