# dYdX Chain Transaction count Methodology

## 1. Overview

Transaction count for dYdX Chain is defined as the total number of confirmed transactions added to the blockchain. This metric is utilized to reflect how actively users engage with the network and to evaluate the overall activity levels within the ecosystem. By capturing the volume of successful interactions recorded on the ledger, insights into network throughput and user demand for the dYdX Chain infrastructure are provided.

## 2. Data sources

- **Blockchain events**: Successful transactions recorded on dYdX Chain

## 3. Step-by-step calculation

### Component A: dYdX Chain transaction parsing

- **Purpose**: Identify and extract successful transactions from the network ledger.
- **Logic**: All records are retrieved from the transaction history of dYdX Chain. Transactions where the transaction fee field is null are excluded from the dataset, as this condition is used to identify failed or incomplete transactions. For each valid record, the unique transaction hash and the associated block timestamp are parsed.
- **Key fields**: `transaction_hash` (unique identifier), `block_timestamp` (timing), `transaction_fee` (used for success filtering).

### Component B: Daily count aggregation

- **Purpose**: Consolidate transaction data into daily totals.
- **Logic**: The total count of unique transaction hashes is calculated for each UTC day. A distinct count is applied to the transaction identifiers to ensure that each interaction is only counted once within the specified time interval. The resulting data is finalized by ensuring no gaps exist in the time series, with a value of zero being assigned to any days where no transaction activity is recorded.
- **Key fields**: `transaction_hash` (for distinct counting), `block_timestamp` (for daily grouping).

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

Confirmed transactions added to the blockchain.

Transaction count

Blockchains (L1)

Market makers offer trades through order book & make money on bid-ask spreads (supply-side fees).

dYdX is a non-custodial trading and derivatives protocol initially built on Ethereum and later expanded to their own blcokchain built on top of the Cosmos SDK. dYdX was founded by Antonio Juliano and launched in 2017.

DYDX tokenholders own and govern the protocol. dYdX Trading Inc. currently takes all of the total trading fees paid by traders (revenue). dYdX’s investors include a16z, Polychain, The Spartan Group, etc.

dYdX Chain

Transaction count

Transaction count

Chain breakdown