Fraxtal batches users' transactions and submits them to Ethereum, paying a share of the transaction fees to Ethereum validators (expense).

Fraxtal is an Ethereum Layer 2 (L2) blockchain built on the OP Stack by Frax Finance. It uses frxETH as the gas token and features a blockspace incentive system called Flox. Fraxtal launched in February 2024.

Frax Finance team owns and governs the protocol. Frax Finance's investors include Dragonfly Capital, Mechanism Capital, Galaxy Digital, etc.

twitter

discord

etherscan

website

Blockchains (L2)

Fraxtal

# Fraxtal Block time Methodology

## 1. Overview

The Fraxtal block time metric measures the average time between consecutive blocks on the Fraxtal blockchain, aggregated daily. This metric provides insights into the blockchain's performance and consistency, helping to understand network efficiency and potential congestion patterns. The calculation determines how long it takes, on average, for new blocks to be produced and added to the Fraxtal blockchain.

## 2. Data sources

The metric uses the following raw data sources:
- **Fraxtal blockchain data**: Raw block information including block numbers and timestamps for each block produced on the Fraxtal network
- **Block metadata**: Timestamp data showing when each block was mined or validated on the Fraxtal blockchain

## 3. Step-by-step calculation

### Component A: Block data extraction
- **Purpose**: Collect raw block information from the Fraxtal blockchain
- **Logic**: Extract `block_timestamp` and `block_number` fields from Fraxtal blockchain data. Filter out the genesis block (block number 0) since it contains an invalid timestamp set to the Unix epoch start, which would skew calculations. For incremental processing, only process blocks from recent days based on the configured lookback period.
- **Key fields**: `block_timestamp` (when the block was created), `block_number` (sequential block identifier)

### Component B: Timestamp preparation
- **Purpose**: Pair each block with the timestamp of the previous block to enable interval calculation
- **Logic**: Apply a lag window function ordered by block number to obtain the previous block's timestamp for each current block. This creates pairs of consecutive blocks with their respective timestamps, enabling calculation of time intervals between blocks.
- **Key fields**: `block_timestamp` (current block time), `previous_timestamp` (previous block time), `block_number` (for ordering)

### Component C: Block time interval calculation
- **Purpose**: Calculate the time difference between consecutive blocks
- **Logic**: Compute the time difference in milliseconds between each block timestamp and the previous block timestamp using timestamp difference functions. Exclude the first block in the sequence since it has no previous timestamp. Truncate block timestamps to day boundaries for daily aggregation.
- **Key fields**: `timestamp` (day-truncated date), `block_time` (milliseconds between blocks)

### Final aggregation
- **Combining components**: Group all block time intervals by day and calculate the average block time for each day
- **Currency conversion**: No currency conversion required as this is a time-based metric measured in milliseconds
- **Time aggregation**: Block times are aggregated using daily boundaries, with all blocks within each calendar day averaged together
- **Final calculation**: The final metric represents the average time in milliseconds between consecutive blocks for each day, providing a daily average block time for the Fraxtal blockchain. Additional metadata fields are applied including chain identifier, market sector classification, and business segment categorization before applying data quality filters.

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

avg(block_timestamp - previous_block_timestamp)

FraxtalFXTL

Block time

Block time

Competitive landscape

Chain breakdown