# HyperEVM Transaction count Methodology

## 1. Overview

Transaction count for HyperEVM measures the total number of confirmed transactions added to the blockchain. This metric reflects how actively users and automated systems engage with the HyperEVM network. It provides a foundational view of network utilization by capturing all successful state-changing interactions and contract executions.

## 2. Data sources

- **Blockchain events**: Transactions recorded on HyperEVM
- **External data**: Asset metadata for normalization

## 3. Step-by-step calculation

### Component A: HyperEVM transaction extraction

- **Purpose**: Identify and ingest all confirmed transactions on the HyperEVM network.
- **Logic**: Every transaction entry recorded within HyperEVM blocks is extracted. Relevant metadata, including the block timestamp, transaction hash, and participating addresses, is captured to ensure a complete record of network activity.
- **Key fields**: `block_timestamp`, `transaction_hash`

### Component B: Daily aggregation

- **Purpose**: Summarize raw transaction data into daily intervals.
- **Logic**: Transactions are grouped by their block timestamps, truncated to the day level using UTC boundaries. The total number of unique transaction entries is counted for each day, providing a daily measure of network throughput.
- **Key fields**: `block_timestamp`

### Component C: Data finalization and zero-filling

- **Purpose**: Ensure data consistency and continuity for reporting.
- **Logic**: The aggregated transaction counts are validated against canonical project and product identifiers for HyperEVM. To maintain a continuous time series, a zero-filling strategy is applied to any days where no transaction activity is detected.
- **Key fields**: `transaction_count`

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

Confirmed transactions added to the blockchain.

Transaction count

Blockchains (L1)

Hyperliquid generates revenue through on-chain perpetual futures and spot trading, facilitated by its HyperCore execution layer. Every order, trade, and liquidation occurs on-chain with one-block finality, enabling ultra-low latency and transparent trading. Liquidity providers and market makers earn supply-side fees from bid-ask spreads and transaction rebates, while network participants can earn governance and staking rewards via the HYPE token.

Hyperliquid is a layer-one (L1) blockchain purpose-built for trading and decentralized finance. It combines: HyperCore, the high-performance trading engine powering perpetuals, spot markets, and oracles; HyperEVM, a fully compatible smart contract layer enabling developers to build DeFi applications such as lending, vaults, governance, bridges, and stablecoins directly on-chain. Its consensus mechanism, HyperBFT, is a custom algorithm inspired by HotStuff, optimized for throughput (200k+ orders/sec) and deterministic finality. The HYPE token underpins the network, granting holders rights to participate in governance, staking, and securing the protocol — effectively letting users own a share of the Hyperliquid ecosystem.

HYPE tokenholders own, govern, and secure the Hyperliquid network through on-chain governance. The Hyper Foundation oversees community governance and ecosystem growth, ensuring decentralization and alignment of incentives across traders, builders, and validators. Hyperliquid’s investors include Tioga Capital Partners, Collab+Currency, Infinite Capital (San Juan), Optimista Capital, and RockawayX, all holding minority venture capital positions.

HyperEVM

Transaction count

Transaction count

Chain breakdown