# Celo L2 Transaction count Methodology

## 1. Overview

Transaction count for Celo L2 is defined as the number of confirmed transactions added to the blockchain. Network activity and user engagement are reflected by this metric. Data is captured specifically for the period following the network's transition from a legacy Layer 1 to a Layer 2 architecture. Details regarding cross-product aggregation are found in the project-level methodology.

## 2. Data sources

- **Blockchain events**: Confirmed transactions from the Celo L1 (legacy) network, covering Celo L2

## 3. Step-by-step calculation

### Component A: Architectural categorization

- **Purpose**: Transactions are isolated to ensure they correspond to the Layer 2 version of the network.
- **Logic**: A timestamp-based filter is applied to the underlying transaction data. Only records with a block timestamp on or after March 26, 2025, are categorized as Celo L2 activity, ensuring a clear distinction from the legacy architecture.
- **Key fields**: `block_timestamp` (timing)

### Component B: Distinct transaction aggregation

- **Purpose**: The daily volume of unique network operations is quantified.
- **Logic**: A distinct count of unique transaction hashes is performed for each daily interval. Transactions are grouped by the truncated block timestamp to establish daily totals.
- **Key fields**: `transaction_hash` (unique identifier), `block_timestamp` (aggregation dimension)

### Component C: Metric finalization

- **Purpose**: Data continuity and alignment with canonical identifiers are maintained.
- **Logic**: Aggregated counts are processed to ensure all dates are represented within the time series. Missing days are zero-filled, and data is validated against the approved Celo L2 product identifier and chain metadata.
- **Key fields**: `product_id` (identifier), `timestamp` (daily granularity)

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

Confirmed transactions added to the blockchain.

Transaction count

Blockchains (L2)

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 L2

Transaction count

Transaction count

Chain breakdown