# Celo L2 Transactions per second Methodology

## 1. Overview

Transactions per second measures the average number of confirmed user transactions added to Celo L2 each second. This metric reflects the network’s throughput and real-time usage. By analyzing transaction volume at a granular level, the network's capacity to process activity is quantified and normalized for comparison across different time periods.

## 2. Data sources

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

## 3. Step-by-step calculation

### Component A: Celo L2 transaction filtering

- **Purpose**: Isolate transactions specific to the Celo L2 lifecycle
- **Logic**: Transactions are parsed from the Celo L1 (legacy) blockchain ledger. To accurately represent the product's transition, only transactions recorded on or after March 26, 2025, are categorized as Celo L2 activity. Each transaction is uniquely identified via its transaction hash to ensure accurate counting.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component B: Daily transaction aggregation

- **Purpose**: Calculate the total volume of transactions processed per day
- **Logic**: Unique transaction hashes are aggregated into daily totals based on their block timestamps. The distinct count of these hashes is summed for every 24-hour UTC period to establish the total daily transaction volume.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component C: Throughput normalization

- **Purpose**: Convert daily totals into a standardized per-second throughput value
- **Logic**: The total count of transactions for each day is divided by 86,400, representing the total number of seconds in a standard day. This calculation yields the average number of transactions processed per second for that specific day.
- **Key fields**: `transaction_count` (summed daily)

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

Average confirmed user transactions added per second.

Transactions per second

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

Transactions per second

Transactions per second

Chain breakdown