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Blockchains (L2)

Settlus

# Settlus Transactions per second Methodology

## 1. Overview

Transactions per second (TPS) measures the average rate of transaction processing on the Settlus blockchain over daily periods. This metric provides insight into network usage and throughput capacity by calculating the average number of transactions processed per second during each 24-hour period. The calculation converts daily transaction volumes into a per-second rate to enable consistent comparison across time periods and with other blockchain networks.

## 2. Data sources

- **Settlus blockchain transactions**: Raw transaction records from the Settlus blockchain containing transaction hashes, sender and recipient addresses, and block timestamps
- **Chain availability data**: Network status information used to filter out periods when the Settlus chain was experiencing downtime or maintenance

## 3. Step-by-step calculation

### Component A: Transaction data processing
- **Purpose**: Extract and standardize raw Settlus transaction data
- **Logic**: Raw transaction records are retrieved from Settlus blockchain data, including `transaction_hash`, `from_address`, `to_address`, and `block_timestamp` fields. Timestamps are cast to proper timestamp format and the chain identifier is set to 'settlus'. All string fields are safely cast to ensure data consistency.
- **Key fields**: `block_timestamp` for timing, `transaction_hash` for unique identification, `from_address` and `to_address` for transaction participants, and `chain` identifier

### Component B: Daily transaction aggregation  
- **Purpose**: Count unique transactions per day on Settlus
- **Logic**: Transactions are grouped by day using timestamp truncation to daily boundaries. For each day, distinct transaction hashes are counted to avoid double-counting any transactions. Additional metadata is added including chain classification as 'blockchains_l2' market sector and 'blockchain' business segment. Transactions are also grouped by destination address (`to_address`) to maintain granular tracking.
- **Key fields**: `timestamp` (truncated to day), `transaction_count` (distinct count of `transaction_hash`), `chain_id`, `market_sector_id`, and `to_address`

### Final aggregation
- **Combining components**: Daily transaction counts are aggregated across all destination addresses for each day to get total daily transaction volume
- **TPS calculation**: The total daily transaction count is divided by 86,400 (the number of seconds in a day) using safe division to prevent errors when transaction count is zero
- **Time aggregation**: Data is partitioned by daily timestamp boundaries with incremental processing for efficiency
- **Final calculation**: Average transactions per second equals total daily transactions divided by 86,400 seconds, providing the average rate of transaction processing for each day on the Settlus network. Chain availability filtering ensures that periods of network downtime are excluded from the calculation.

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

Average confirmed user transactions added per second.

Settlus

Transactions per second

Transactions per second

Competitive landscape