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.

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Fraxtal

# Fraxtal Contracts deployed Methodology

## 1. Overview

Contracts deployed measures the number of unique smart contracts published onchain for Fraxtal. This metric is utilized as a proxy for the volume of new infrastructure and applications launched within the ecosystem. Each recorded deployment represents a distinct piece of logic or a new instance of a protocol added to the network.

## 2. Data sources

- **Blockchain events**: Contract creation traces from the Fraxtal network
- **External data**: None

## 3. Step-by-step calculation

### Component A: Identification of contract creations

- **Purpose**: Extract all unique smart contract deployments recorded on the blockchain.
- **Logic**: Unique contract addresses are identified from contract creation traces. For each deployment, the creation timestamp, deployer address, and contract bytecode are extracted. Distinct records are selected based on the unique contract address to ensure that each deployed contract is counted only once.
- **Key fields**: `block_timestamp` (timing), `account_address` (unique contract identifier), and `deployer_address` (origin of deployment).

### Component B: Daily aggregation and normalization

- **Purpose**: Summarize deployment activity into a continuous daily time series.
- **Logic**: The total count of unique contract addresses is aggregated by day using UTC boundaries. A zero-filling strategy is applied to ensure that days with no deployment activity are represented as zero rather than null values. The resulting counts are cast to a standardized numeric format to maintain consistency with other platform metrics.
- **Key fields**: `timestamp` (UTC day), `chain_id` (Fraxtal identification), and `contracts_deployed` (daily count).

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

Unique smart contracts published onchain.

FraxtalFXTL

Contracts deployed

Contracts deployed

Competitive landscape

Chain breakdown