# Chainflip Chain Transactions per second Methodology

## 1. Overview

The average number of confirmed user transactions added to Chainflip Chain each second is measured by the transactions per second metric. Both the network’s throughput and real-time usage are reflected by this metric. Operational activity and capacity utilization on Chainflip Chain are quantified through the tracking of transaction execution rates. A standardized measure of network demand and throughput over time is provided to institutional investors.

## 2. Data sources

- **Blockchain events**: `extrinsics` (transactions) from Chainflip Chain

## 3. Step-by-step calculation

### Component A: Chainflip Chain extrinsic extraction

- **Purpose**: Individual transaction records are extracted from Chainflip Chain.
- **Logic**: Extrinsics are parsed from Chainflip Chain. For each extrinsic, the block timestamp and unique extrinsic identifier are captured.
- **Key fields**: `timestamp` and `extrinsic_id`

### Component B: Chainflip Chain daily transaction aggregation

- **Purpose**: The total number of unique transactions is aggregated on a daily basis.
- **Logic**: The extracted extrinsics are grouped by day using the block timestamp. The total daily transaction count is calculated by counting the distinct extrinsic identifiers recorded within each UTC day boundary.
- **Key fields**: `timestamp` and `extrinsic_id`

### Component C: Chainflip Chain transactions per second calculation

- **Purpose**: The average throughput of the network per second is calculated.
- **Logic**: The daily transaction count is divided by the total number of seconds in a day to determine the average transactions per second. The calculated values are finalized to ensure continuous daily data points.
- **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)

Chainflip operates a decentralized network of 150 validators that collectively control multi-chain vaults using threshold signature schemes (TSS). The protocol uses a Just-In-Time (JIT) AMM where liquidity providers compete to fill swap orders at the moment of execution, enabling capital-efficient cross-chain swaps. A portion of each swap fee is used to buy and burn FLIP tokens.

Chainflip is a decentralized cross-chain swap protocol that enables native asset exchanges across blockchains including Bitcoin, Ethereum, and Solana without wrapped tokens or traditional bridges. It was launched in 2023 by Chainflip Labs and uses a JIT AMM model combined with MPC-based vault technology to provide competitive pricing on cross-chain trades.

Chainflip is governed by its validator set and FLIP tokenholders. Validators stake FLIP to participate in the network and earn fees from swaps. The protocol is developed and maintained by Chainflip Labs.

Chainflip Chain

Transactions per second

Transactions per second

Chain breakdown