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

Solana is a smart contract platform for decentralized applications (a blockchain). Solana was founded by Anatoly Yakovenko, Greg Fitzgerald, Raj Gokal, etc. and launched in 2020.

SOL holders own and govern the protocol. They currently take a cut of the transaction fees paid by users (revenue). Solana’s investors include Polychain Capital, ParaFi capital, Passport capital, etc.

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Blockchains (L1)

Solana

# Solana Transaction count Methodology

## 1. Overview

Transaction count is measured as the total number of confirmed transactions added to the Solana blockchain. This metric serves as a primary indicator of network utilization and activity levels. It captures all interactions processed by the network, including asset transfers, program instructions, and system-level operations.

## 2. Data sources

- **Blockchain events**: `total_transaction_count` data from block metadata on Solana

## 3. Step-by-step calculation

### Component A: Block-level data extraction

- **Purpose**: Retrieve raw transaction volume from the finalized ledger.
- **Logic**: Transaction counts are extracted from the underlying block data. The `total_transaction_count` field is captured for every block added to the Solana blockchain, representing the sum of all transactions included in that block's execution.
- **Key fields**: `total_transaction_count`, `block_timestamp`

### Component B: Temporal aggregation

- **Purpose**: Consolidate transaction volume into a daily time series.
- **Logic**: Block-level counts are aggregated based on the timestamp of the block. The data is truncated to daily granularity using UTC day boundaries. The total count for each day is calculated as the sum of all transaction counts from blocks produced within that 24-hour period.

### Component C: Metric finalization and validation

- **Purpose**: Ensure data continuity and schema consistency.
- **Logic**: The aggregated values are normalized and cast to bignumeric types. A zero-filling strategy is applied to the time series to ensure that days with no recorded activity are correctly represented as zero. Chain availability filters are applied to verify that data is only surfaced for approved periods.

_This methodology was automatically generated by Token Terminal's methodology analyzer._

Confirmed transactions added to the blockchain.

SolanaSOL

Transaction count

Transaction count

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