Through the use of blockchain and modern APIs, Ripple enables financial institutions who are part of the network, RippleNet, to send money globally, instantly, reliably and for fractions of a penny. RippleNet is built on top of Ripple’s consensus ledger, XRP Ledger (XRPL).

Ripple is the leading provider of crypto-enabled solutions for businesses. Ripple was founded by Chris Larsen and Jed McCaleb and launched in 2012 (previously OpenCoin).

XRP tokenholders own and govern Ripple's consensus ledger 'XRP Ledger' (XRPL). Ripple's investors include a16z, Pantera Capital, Route 66 Ventures, etc.

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Blockchains (L1)

XRP Ledger

# XRP Ledger Transaction count Methodology

## 1. Overview

Transaction count measures the number of confirmed transactions added to the XRP Ledger blockchain. This metric reflects how actively users engage with the network, capturing all transaction types including payments, trades, account operations, and smart contract interactions. Transaction count is aggregated daily with zero-filling applied to ensure continuous time series data.

## 2. Data sources

- **Blockchain data**: Transaction records from the XRP Ledger, including transaction hash and block timestamp

## 3. Step-by-step calculation

### Component A: Transaction identification

- **Purpose**: Extract all confirmed transactions from the blockchain
- **Logic**: Parse transaction records from the XRP Ledger. Each unique transaction hash represents one confirmed transaction. Transactions are identified by their transaction hash and timestamped based on their block inclusion time.
- **Key fields**: `transaction_hash` (unique transaction identifier), `block_timestamp` (transaction confirmation time)

### Component B: Daily aggregation

- **Purpose**: Aggregate transaction counts to daily granularity
- **Logic**: Transactions are grouped by UTC day boundaries using truncated block timestamps. Distinct transaction hashes are counted within each day to produce the daily transaction count. Days with no transactions are zero-filled to maintain continuous time series coverage.

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

Confirmed transactions added to the blockchain.

XRP LedgerXRP

Transaction count

Transaction count

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