# HyperEVM Transactions per second Methodology

## 1. Overview

Transactions per second measures the average number of confirmed user transactions added to HyperEVM each second. This metric reflects the real-time throughput and network activity of the HyperEVM execution environment. It is used to assess the scalability and usage intensity of the network over time.

## 2. Data sources

- **Blockchain events**: Confirmed transactions recorded on HyperEVM

## 3. Step-by-step calculation

### Component A: Transaction identification

- **Purpose**: To identify and collect all unique transactions confirmed on HyperEVM.
- **Logic**: Individual transactions are retrieved from HyperEVM. Each record is filtered to include only confirmed transactions starting from June 1, 2025. Key metadata, including the block timestamp and transaction hash, is captured to ensure uniqueness and temporal accuracy.
- **Key fields**: `block_timestamp` (timing), `transaction_hash` (uniqueness)

### Component B: Daily volume aggregation

- **Purpose**: To calculate the total number of transactions processed within a 24-hour period.
- **Logic**: Confirmed transactions are grouped by their block timestamp using UTC day boundaries. The total number of transactions is counted for each day to establish the aggregate daily volume.
- **Key fields**: `block_timestamp` (grouping), `transaction_count` (aggregation)

### Component C: Throughput normalization

- **Purpose**: To convert daily transaction volume into a standardized per-second throughput value.
- **Logic**: The total daily transaction count is divided by the number of seconds in a day (86,400). This calculation produces the average transactions per second for the specified period. Values are zero-filled for days where no transaction activity is recorded to ensure a continuous time series.
- **Key fields**: `transaction_count` (numerator), `transactions_per_second` (output)

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

Average confirmed user transactions added per second.

Transactions per second

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

Transactions per second

Transactions per second

Chain breakdown