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.

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# Circle Block time Methodology

## 1. Overview

Block time is measured as the average time required for a new block to be added to the blockchain. The speed at which transactions are processed and the network state is updated is reflected by this metric. For the Asset Recovery Chain, visibility into the latency of state updates and the overall performance of the infrastructure is provided by tracking these intervals.

## 2. Data sources

- **Blockchain events**: Block timestamps and block numbers from the Asset Recovery Chain

## 3. Step-by-step calculation

### Component A: Block data extraction

- **Purpose**: Extraction of block numbers and corresponding timestamps
- **Logic**: Block numbers and timestamps are extracted from the block headers of the Asset Recovery Chain. The genesis block (block number 0) is excluded from the dataset to prevent distortion from the initial network setup timestamp.
- **Key fields**: `block_timestamp` and `block_number`

### Component B: Block interval calculation

- **Purpose**: Determination of individual block intervals
- **Logic**: The timestamp of each block is compared to the timestamp of the immediately preceding block. The difference between these two timestamps is calculated in milliseconds to determine the individual block time.
- **Key fields**: `block_timestamp` and `previous_timestamp`

### Component C: Daily aggregation and normalization

- **Purpose**: Daily aggregation and normalization of block times
- **Logic**: The individual block intervals are grouped by day using UTC boundaries. The average block time is calculated for each day by taking the mean of all block intervals recorded within that 24-hour period. The final values are represented in milliseconds.
- **Key fields**: `block_time`

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

avg(block_timestamp - previous_block_timestamp)

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Block time

Block time

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Chain breakdown