Validators process transactions and receive fees from users (supply-side fees).

Ethereum is a smart contract platform for decentralized applications (a blockchain). Ethereum was founded by Vitalik Buterin, Anthony Di Iorio, Mihai Alisie, etc. and launched in 2015.

ETH holders own and govern the protocol. They currently take a cut of the total transaction fees (base fee) paid by users (revenue). Ethereum’s investors include KR1, Block Ventures, 8 Decimal Capital, etc.

governance

github

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etherscan

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Blockchains (L1)

Ethereum

# Ethereum Transactions per second Methodology

## 1. Overview

The Ethereum transactions per second (TPS) metric measures the average number of transactions processed by the Ethereum blockchain per second on a daily basis. This metric provides a standardized measure of network throughput by dividing the total daily transaction count by the number of seconds in a day (86,400). The calculation aggregates all distinct transactions executed on Ethereum and normalizes them to a per-second rate, offering insight into network usage patterns and capacity utilization.

## 2. Data sources

The calculation relies on two primary data sources:

- **Ethereum blockchain transaction records**: Raw transaction data from the Ethereum blockchain including transaction hashes, block timestamps, block numbers, sender and receiver addresses, gas usage metrics, and transaction execution details
- **Public address labels**: A curated dataset of Ethereum account addresses with human-readable titles and classifications, used to categorize transaction destinations and provide additional context about transaction patterns

## 3. Step-by-step calculation

### Component A: Transaction data extraction
- **Purpose**: Extracts all valid Ethereum transactions with essential metadata
- **Logic**: Retrieves all transactions from Ethereum blockchain data, capturing block timestamps, transaction hashes, sender (`from_address`) and receiver (`to_address`) addresses, gas usage information, and execution details. The data includes additional metadata such as market sector classification as 'blockchains_l1' and business segment as 'blockchain'. Gas prices are converted from wei to ETH by dividing by 10^18
- **Key fields**: `block_timestamp`, `transaction_hash`, `from_address`, `to_address`, `gas_used`, `effective_gas_price`

### Component B: Daily transaction aggregation
- **Purpose**: Counts distinct transactions on a daily basis and enriches with address labels
- **Logic**: Groups transactions by day using timestamp truncation to daily boundaries. Counts distinct transaction hashes to ensure each unique transaction is counted exactly once, preventing duplicates. The aggregation is performed by destination address (`to_address`) to enable later enrichment with address labels. Joins with public address labels to add human-readable names for destination addresses, defaulting to 'Unlabeled' for addresses without known labels
- **Key fields**: `timestamp` (truncated to day), `transaction_count`, `to_address`, `contract_name`

### Final aggregation
- **Combining components**: The daily transaction counts are summed across all addresses and contracts for each day to get total daily transaction volume
- **Currency conversion**: No currency conversion is required as this is a count-based metric
- **Time aggregation**: Data is aggregated at daily boundaries using timestamp truncation, with each day representing a complete 24-hour period
- **Final calculation**: Transactions per second is calculated by dividing the total daily transaction count by 86,400 (the number of seconds in a day). The calculation uses safe division to handle edge cases and applies data quality checks through finalization macros that ensure schema consistency, fill data gaps with zeros, and validate metric boundaries. Chain availability filters are applied to ensure data completeness before final output.

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

Average confirmed user transactions added per second.

EthereumETH

Transactions per second

Transactions per second

Competitive landscape