github

twitter

website

Exchanges (CEX)

# OKX Transaction count Methodology

## 1. Overview

Transaction count is measured as the total number of confirmed transactions added to the X Layer blockchain. Network activity and user engagement are reflected by this metric. Overall network utilization and adoption over time are evaluated using this metric.

## 2. Data sources

- **Blockchain events**: Transaction data from the X Layer network, covering X Layer

## 3. Step-by-step calculation

### Component A: Transaction extraction

- **Purpose**: Extract individual transaction records from the network
- **Logic**: Transaction records are selected from on-chain transactions. Fields such as `transaction_hash`, `block_timestamp`, and `to_address` are extracted and cast to their appropriate data types.
- **Key fields**: `transaction_hash`, `block_timestamp`, `to_address`

### Component B: Daily aggregation

- **Purpose**: Aggregate the total number of unique transactions on a daily basis
- **Logic**: The `block_timestamp` is truncated to daily granularity. The daily transaction count is calculated by counting the distinct number of `transaction_hash` values for each day.
- **Key fields**: `block_timestamp`, `transaction_hash`

### Component C: Finalization and validation

- **Purpose**: Ensure data schema compliance and apply availability filters
- **Logic**: Aggregated transaction counts are validated against approved chain and data identifiers. The time series is zero-filled to ensure continuity, and chain availability filters are applied to restrict data to approved freshness limits.
- **Key fields**: `timestamp`, `chain_id`, `transaction_count`

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

Confirmed transactions added to the blockchain.

OKXOKB

Transaction count

Transaction count

Competitive landscape

Chain breakdown