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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Stablecoin issuers

Circle

# Circle Transaction count Methodology

## 1. Overview

Transaction count is measured as the number of confirmed transactions added to the blockchain. This metric is used to reflect how actively users engage with the network. For Circle, transaction activity is captured on the Arc blockchain. Every transaction submitted to the network is counted to evaluate overall network utilization and user engagement.

## 2. Data sources

- **Blockchain events**: Transaction records from the Arc blockchain

## 3. Step-by-step calculation

### Component A: Transaction extraction

- **Purpose**: Extract transaction records from the Arc blockchain
- **Logic**: Transaction data is extracted from the Arc blockchain. For each transaction, the `timestamp`, `transaction_hash`, sender address, recipient address, gas used, and effective gas price are captured. Both successful and reverted transactions are included in the extraction.
- **Key fields**: `timestamp`, `transaction_hash`

### Component B: Daily aggregation

- **Purpose**: Aggregate transaction counts on a daily basis
- **Logic**: Transactions are truncated to a daily grain based on the block timestamp. The total number of unique transaction hashes is counted for each day to determine the daily transaction volume. The aggregated data is mapped to the corresponding chain and product identifiers.
- **Key fields**: `timestamp`, `transaction_hash`

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

Confirmed transactions added to the blockchain.

Circle

Transaction count

Transaction count

Competitive landscape

Chain breakdown