# Polkadot Collectives Transaction count Methodology

## 1. Overview

Transaction count measures the number of confirmed transactions added to the blockchain. For Polkadot Collectives, this metric reflects the level of activity within the specialized system parachain dedicated to Polkadot's governance collectives and technical bodies, such as the Technical Fellowship. It provides insight into how actively these decentralized entities engage with the network through on-chain operations.

## 2. Data sources

- **Blockchain events**: `extrinsics` from Polkadot Collectives

## 3. Step-by-step calculation

### Component A: Polkadot Collectives transaction extraction

- **Purpose**: Identify and extract transaction-level data from the parachain.
- **Logic**: Confirmed extrinsics are retrieved from the Polkadot Collectives chain. For each record, the block timestamp, transaction hash, and extrinsic identifier are captured. These fields are used to uniquely identify and timestamp every operation processed by the network.
- **Key fields**: `block_timestamp`, `extrinsic_hash`, and `extrinsic_id`

### Component B: Daily volume aggregation

- **Purpose**: Calculate the total number of unique transactions processed per day.
- **Logic**: The transaction volume is determined by counting distinct extrinsic identifiers for each UTC day. Data is grouped by a daily timestamp grain, which is generated by truncating the block timestamp. This ensures that only confirmed and unique on-chain operations are included in the daily totals.
- **Key fields**: `block_timestamp` and `extrinsic_id`

### Component C: Metric finalization

- **Purpose**: Standardize the dataset and ensure time-series continuity.
- **Logic**: Aggregated daily counts are mapped to the canonical Polkadot Collectives product identifier. A zero-filling strategy is applied to maintain a continuous time series for days where no on-chain activity is detected. The final dataset is filtered to align with the confirmed data availability periods for the chain.

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

Confirmed transactions added to the blockchain.

Transaction count

Blockchains (L2)

Network participants process transactions and receive fees from users (supply-side fees).

Polkadot is a security & interoperability platform for blockchains and applications. Polkadot was founded by Gavin Wood and launched in 2020.

DOT holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue). Polkadot’s investors include Polychain, IOSG Ventures, Hashkey, etc.

Polkadot Collectives

Transaction count

Transaction count

Chain breakdown