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

NEAR Protocol is a smart contract platform for decentralized applications (a blockchain). NEAR Protocol was founded by Alexander Skidanov & Ilya Polosukhin and launched in 2017.

NEAR holders own and govern the protocol. They currently take (burn) all of the total transaction fees paid by users (revenue). NEAR Protocol's investors include a16z, Pantera Capital, Libertus, etc.

governance

github

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discord

etherscan

website

Blockchains (L1)

NEAR Protocol

# near Transactions Per Second Methodology

## 1. Overview

Transactions Per Second is calculated as the average throughput of the Near network. Scalability and real-time usage intensity are represented by this metric. Daily transaction volumes are converted into a per-second rate to facilitate standardized performance analysis.

## 2. Data sources

- **Blockchain events**: Transactions from the Near network, covering Near

## 3. Step-by-step calculation

### Component A: Transaction data extraction

- **Purpose**: Retrieve raw transaction records from the Near blockchain
- **Logic**: Transaction records are retrieved from the Near blockchain. Unique `transaction_hash` and `block_timestamp` fields are extracted to identify individual network operations and their execution timing.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component B: Daily volume aggregation

- **Purpose**: Calculate the total number of unique transactions per day
- **Logic**: The total number of network operations is determined by aggregating distinct `transaction_hash` values. These transactions are grouped into daily intervals using UTC day boundaries.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component C: Throughput normalization

- **Purpose**: Convert daily volume into a per-second throughput value
- **Logic**: The daily aggregate of transactions is divided by the total number of seconds in a day. The average transactions per second value is derived for each daily period through this calculation.
- **Key fields**: `transaction_count`

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

Average confirmed user transactions added per second.

NEAR ProtocolNEAR

Transactions per second

Transactions per second

Competitive landscape