# Injective Cosmos Transactions per second Methodology

## 1. Overview

Transactions per second measures the average number of confirmed transactions processed by Injective Cosmos every second. It serves as a primary indicator of network throughput and real-time user activity. This metric reflects the operational capacity of the Injective Cosmos blockchain, specifically capturing the frequency of on-chain state transitions.

## 2. Data sources

- **Blockchain events**: Transaction records from Injective Cosmos

## 3. Step-by-step calculation

### Component A: Transaction record extraction

- **Purpose**: Retrieve the raw set of confirmed transactions from the blockchain
- **Logic**: All transactions are extracted from the Injective Cosmos chain. The unique transaction hash and the associated block timestamp are identified for every confirmed record. This ensures that only transactions successfully included in a block are considered for throughput analysis.
- **Key fields**: `transaction_hash` (unique identifier), `block_timestamp` (timing)

### Component B: Daily transaction aggregation

- **Purpose**: Calculate the total volume of transactions on a daily basis
- **Logic**: Transaction records are grouped by day using UTC boundaries. A distinct count of transaction hashes is performed to determine the total number of confirmed transactions for each 24-hour period. This aggregation provides the numerator required for the throughput calculation.
- **Key fields**: `transaction_count` (distinct hash count)

### Component C: Throughput normalization

- **Purpose**: Convert daily transaction volume into a per-second throughput metric
- **Logic**: The total daily transaction count is divided by the number of seconds in a standard day (86,400). This normalization process converts the aggregate daily volume into an average rate, representing the number of transactions processed per second across the network.
- **Key fields**: `transactions_per_second` (normalized average)

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

Average confirmed user transactions added per second.

Transactions per second

Blockchains (L1)

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

Injective is a smart contract platform for decentralized finance applications (a blockchain) and an orderbook exchange protocol. Injective was founded by Eric Chen, Albert Chon etc. and launched in 2020. Note that this dashboard only tracks Injective's blockchain business.

INJ holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue) via Burn Auctions. Injective's investors include Binance, Jump Crypto, Mark Cuban, etc.

Injective Cosmos

Transactions per second

Transactions per second

Chain breakdown