# Arc Transaction count Methodology

## 1. Overview

Transaction count is measured as the number of confirmed transactions added to the blockchain. Active user engagement with the network is reflected by this metric. For Arc, all transactions submitted to the network are captured, providing insight into the overall execution activity and usage of the platform. Every transaction, whether successful or reverted, is included in this count to represent the total load and interaction on the network.

## 2. Data sources

- **Blockchain events**: Transaction records from the Arc network, covering Arc

## 3. Step-by-step calculation

### Component A: Arc transaction extraction

- **Purpose**: Extract individual transaction records from the Arc network
- **Logic**: Transaction data is ingested from the Arc network. For each transaction, the block timestamp, unique transaction hash, sender address, and recipient address are extracted. Both successful and reverted transactions are retained to ensure a complete representation of network activity.
- **Key fields**: `block_timestamp`, `transaction_hash`

### Component B: Arc daily aggregation

- **Purpose**: Aggregate transaction counts on a daily basis
- **Logic**: Transactions are grouped by day using the block timestamp truncated to UTC day boundaries. The total transaction count is calculated by taking the count of distinct transaction hashes for each day.
- **Key fields**: `block_timestamp`, `transaction_hash`

### Component C: Arc validation and normalization

- **Purpose**: Ensure data integrity and continuity
- **Logic**: The aggregated daily transaction counts are validated against approved chain and project identifiers. To maintain a continuous time series, days with no recorded transactions are assigned a value of zero.
- **Key fields**: `timestamp`, `transaction_count`

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

Confirmed transactions added to the blockchain.

Transaction count

Blockchains (L1)

Users deposit funds into Circle account and receive USDC or EUROC at a 1:1 rate.

Circle is a financial technology company that is the principal architect of USDC and EUROC - full-reserve fiat stablecoins that bring US dollar and euro liquidity on-chain.

Circle is a private company registered in the US. Circle's investors include Goldman Sachs, Baidu, and IDG Capital etc.

Arc

Transaction count

Transaction count

Chain breakdown