Metis batches users' transactions and submits them to Ethereum, paying a share of the transaction fees to Ethereum validators (expense).

Metis is an L2 smart contract platform for decentralized applications on Ethereum. Metis was founded by Kevin Liu, Elena Sinelnikova, and Yuan Su, and launched in 2021.

METIS tokenholders own and govern the protocol. They currently run the only sequencer and take a cut of the total transaction fees paid by users (revenue). Metis' investors include Master Ventures, Digital Finance Group, Momentum 6, etc.

github

twitter

discord

etherscan

website

Blockchains (L2)

Metis

# Metis Transaction count Methodology

## 1. Overview

The Metis transaction count metric measures the daily number of unique transactions processed on the Metis blockchain. This metric provides insight into network activity and adoption by counting distinct transaction hashes per day. The calculation aggregates raw blockchain transaction data at a daily level, ensuring data quality through filtering and validation processes.

## 2. Data sources

The calculation relies on the following data sources:
- **Metis blockchain transaction records**: Raw transaction data from the Metis blockchain including transaction hashes, sender/receiver addresses, block timestamps, and block information
- **Chain availability configuration**: Metadata defining valid time periods when Metis chain data should be considered reliable for analysis

## 3. Step-by-step calculation

### Component A: Raw transaction data processing
- **Purpose**: Clean and standardize raw Metis transaction data for analysis
- **Logic**: Extract transaction records from Metis blockchain data and apply data quality filters. Remove transactions with invalid timestamps that show 1970-01-01 (epoch time anomalies that occur in some Metis blocks). Cast all fields to appropriate data types for consistency - `transaction_hash` and addresses as strings, `block_timestamp` as timestamp. Add a chain identifier field set to 'metis' for downstream processing.
- **Key fields**: `block_timestamp` (when the transaction was included in a block), `transaction_hash` (unique identifier for each transaction), `from_address` (sender), `to_address` (receiver), chain identifier

### Component B: Daily transaction aggregation  
- **Purpose**: Aggregate transaction counts by day and various dimensional attributes
- **Logic**: Truncate `block_timestamp` to day granularity to establish daily boundaries. Group transactions by the truncated timestamp, chain metadata ('metis' as `chain_id`, 'blockchains_l2' as `market_sector_id`, 'blockchain' as `business_segment_id`), and `to_address`. Count distinct `transaction_hash` values within each group to calculate the transaction count, ensuring no double-counting of transactions. Set `product_id` and `contract_name` to null as these dimensions don't apply to this blockchain-level metric.
- **Key fields**: Daily `timestamp`, `chain_id`, market and business segment classifications, `to_address`, `transaction_count` (distinct count of transaction hashes)

### Final aggregation
- **Combining components**: The daily aggregated data flows through a standardization macro that ensures consistent schema structure and validates all identifier fields
- **Gap filling**: Apply a 'fill_zeros' strategy to ensure complete time series data - any missing days in the data range are filled with zero transaction counts rather than being omitted
- **Time boundaries**: For incremental processing, only analyze data from the last processed partition date minus a configurable lookback period to handle late-arriving data
- **Availability filtering**: Apply chain availability rules to exclude time periods when Metis chain data is not considered reliable or complete
- **Final calculation**: The result is a daily time series showing the count of unique transactions processed on the Metis blockchain each day, with consistent dimensional metadata and no gaps in the timeline

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

Confirmed transactions added to the blockchain.

MetisMETIS

Transaction count

Transaction count

Competitive landscape

Chain breakdown