# X Layer Transaction count Methodology

## 1. Overview

Transaction count is measured as the number of confirmed transactions added to the blockchain for X Layer. This metric is utilized to reflect how actively users engage with the network. Every confirmed execution on the X Layer network is aggregated to represent total transaction activity.

## 2. Data sources

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

## 3. Step-by-step calculation

### Component A: Transaction extraction

- **Purpose**: Individual transaction records are extracted from the network.
- **Logic**: Transaction records are ingested from the X Layer network. For each transaction, the unique transaction hash, block timestamp, sender address, and recipient address are extracted.
- **Key fields**: `transaction_hash`, `block_timestamp`, `from_address`, `to_address`

### Component B: Daily aggregation

- **Purpose**: Daily transaction counts are aggregated.
- **Logic**: Transaction records are truncated to a daily granularity based on the block timestamp. The total number of unique transaction hashes is calculated for each day to determine the daily transaction count.
- **Key fields**: `transaction_hash`, `block_timestamp`

### Component C: Validation and normalization

- **Purpose**: Data integrity is ensured and aligned with platform standards.
- **Logic**: The aggregated daily transaction counts are validated against approved chain and data identifiers. Missing days within the time series are filled with zero values to ensure a continuous data sequence.
- **Key fields**: `chain_id`, `data_id`, `transaction_count`

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

Confirmed transactions added to the blockchain.

Transaction count

X Layer

Transaction count

Transaction count

Chain breakdown