# dYdX Chain Transactions per second Methodology

## 1. Overview

Transactions per second measures the average number of confirmed user transactions added to dYdX Chain each second. This metric reflects both the network’s throughput and real-time usage. Throughput is calculated by normalizing daily transaction volumes over the total number of seconds in the period to provide a standardized view of network activity.

## 2. Data sources

- **Blockchain events**: Transaction data from dYdX Chain

## 3. Step-by-step calculation

### Component A: Transaction identification and filtering

- **Purpose**: Identify valid confirmed transactions on dYdX Chain
- **Logic**: All transactions are retrieved from dYdX Chain. Failed transactions are excluded by filtering for records where a transaction fee is present. For each valid transaction, the unique transaction hash and block timestamp are extracted.
- **Key fields**: `transaction_hash` (identification), `block_timestamp` (timing), `transaction_fee` (validation)

### Component B: Daily volume aggregation

- **Purpose**: Calculate the total number of confirmed transactions per day
- **Logic**: Transactions are aggregated into daily intervals based on UTC timestamps. The total volume is determined by counting the number of distinct transaction hashes confirmed within each 24-hour period.
- **Key fields**: `transaction_hash`

### Component C: Throughput normalization

- **Purpose**: Convert daily transaction counts into a per-second rate
- **Logic**: The total daily transaction count is divided by the number of seconds in a day (86,400). This calculation results in the average number of transactions processed per second for the dYdX Chain.
- **Key fields**: `transaction_count` (daily total)

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

Average confirmed user transactions added per second.

Transactions per second

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

Transactions per second

Transactions per second

Chain breakdown