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# OKX Transactions per second Methodology

## 1. Overview

Transactions per second is measured as the average number of confirmed user transactions added to the X Layer blockchain each second. This metric is utilized to reflect both the network's throughput and real-time usage. By evaluating the frequency of transaction execution, the scalability, activity levels, and operational capacity of the network can be assessed over time.

## 2. Data sources

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

## 3. Step-by-step calculation

### Component A: Transaction ingestion and filtering

- **Purpose**: Extract and clean raw transaction data from the blockchain
- **Logic**: Raw transaction data is ingested from the X Layer network. For each transaction, the `block_timestamp`, unique `transaction_hash`, `from_address`, and `to_address` are extracted. Transactions are filtered to ensure only valid, confirmed records are retained for downstream aggregation.
- **Key fields**: `block_timestamp` (timing), `transaction_hash` (unique identifier)

### Component B: Daily transaction volume aggregation

- **Purpose**: Calculate the total number of unique transactions executed per day
- **Logic**: Transaction records are aggregated on a daily basis using UTC boundaries. The total daily transaction volume is determined by counting the number of unique transaction hashes recorded within each day.
- **Key fields**: `transaction_hash` (unique identifier)

### Component C: Transactions per second calculation

- **Purpose**: Convert daily transaction counts into an average per-second throughput metric
- **Logic**: The daily transaction count is divided by the total number of seconds in a day (86,400 seconds) to calculate the average transactions per second. If no transactions are recorded for a given day, the metric is zero-filled to ensure continuous data coverage.
- **Key fields**: `transaction_count` (daily volume)

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

Average confirmed user transactions added per second.

OKXOKB

Transactions per second

Transactions per second

Competitive landscape

Chain breakdown