# Injective EVM Transaction count Methodology

## 1. Overview

Transaction count measures the number of confirmed transactions added to Injective EVM. It reflects how actively users engage with the Ethereum-compatible layer of the network. Every unique execution, ranging from simple asset transfers to complex smart contract interactions, is included in this metric to provide a comprehensive view of network activity.

## 2. Data sources

- **Blockchain events**: Transactions and block metadata from Injective EVM

## 3. Step-by-step calculation

### Component A: Transaction data extraction

- **Purpose**: Retrieve the raw set of confirmed transactions from the network.
- **Logic**: Transaction records are extracted from the blockchain, including unique transaction hashes, block numbers, and block timestamps. Address metadata, including the sender and recipient of each transaction, is also captured to provide context for network interactions.
- **Key fields**: `transaction_hash`, `block_timestamp`, `from_address`, `to_address`

### Component B: Daily aggregation and deduplication

- **Purpose**: Calculate the volume of unique activity per day.
- **Logic**: Transactions are grouped by block timestamp at a daily granularity using UTC day boundaries. A distinct count of transaction hashes is performed to ensure that each confirmed transaction is counted exactly once, regardless of its internal complexity or the number of events it may have triggered.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component C: Data validation and normalization

- **Purpose**: Ensure the final dataset is continuous and meets platform standards.
- **Logic**: The daily aggregates are processed through a normalization macro that applies a zero-filling strategy, ensuring any days with no recorded activity are explicitly represented as zero. A chain availability filter is applied to ensure that data is only presented for periods where network status has been verified.
- **Key fields**: `transaction_count`, `timestamp`

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

Confirmed transactions added to the blockchain.

Transaction count

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 EVM

Transaction count

Transaction count

Chain breakdown