# Celo L1 (legacy) Transactions per second Methodology

## 1. Overview

Transactions per second measures the average number of confirmed user transactions added to Celo L1 (legacy) each second. It reflects both the network’s throughput and real-time usage during its period as a standalone Layer 1 blockchain. This metric provides a standardized measure of network activity and capacity prior to the transition of the Celo L1 (legacy) ecosystem.

## 2. Data sources

- **Blockchain events**: Transaction records from the Celo L1 (legacy) blockchain

## 3. Step-by-step calculation

### Component A: Celo L1 (legacy) transaction extraction

- **Purpose**: To identify all confirmed transactions processed on the legacy Celo L1 (legacy) L1 network.
- **Logic**: Transaction hashes and block timestamps are extracted from the transaction history of the Celo L1 (legacy) blockchain. The data is filtered to include only transactions with a block timestamp prior to March 26, 2025, ensuring the metric is isolated to the legacy Celo L1 (legacy) L1 environment.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component B: Daily transaction aggregation

- **Purpose**: To calculate the total volume of activity for each daily period.
- **Logic**: The total number of unique transaction hashes is aggregated by day using UTC boundaries. Each unique hash is counted once to determine the total transaction volume per 24-hour period.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component C: Throughput normalization

- **Purpose**: To convert daily transaction totals into an average per-second throughput value.
- **Logic**: The total daily transaction count is divided by 86,400, which represents the total number of seconds in a standard day. This calculation produces the average transactions per second for the network.
- **Key fields**: `transaction_count`

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

Average confirmed user transactions added per second.

Transactions per second

Blockchains (L1)

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

Celo is a smart contract platform for decentralized applications (a blockchain). Celo was founded by Rene Reinsberg and Marek Olszewski and launched in 2020.

CELO holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue). Celo's investors include a16z, Greenfield, Electric Capital, etc.

Celo L1 (legacy)

Transactions per second

Transactions per second

Chain breakdown