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

Sui is a smart contract platform for decentralized applications (a blockchain). Sui was founded by Evan Cheng, Sam Blackshear, Adeniyi Abiodun, George Danezis and launched in 2022.

Sui (Mysten Labs) team & investors own and govern the protocol. They currently don’t take a cut of the total transaction fees paid by users (revenue). Sui's investors include a16z, Coinbase Ventures, Electric Capital, etc.

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# Sui Transaction count Methodology

## 1. Overview

Transaction count measures the number of confirmed transactions added to the Sui blockchain. It reflects how actively users engage with the network and serves as a primary indicator of on-chain activity. This metric includes all transaction types, such as asset transfers and smart contract interactions, regardless of their success status, as failed transactions on Sui still consume network resources.

## 2. Data sources

- **Blockchain events**: Transaction records from the Sui network, covering Sui

## 3. Step-by-step calculation

### Component A: Transaction data extraction

- **Purpose**: Retrieve raw transaction records from the blockchain.
- **Logic**: Individual transaction records are extracted from Sui ledger data. Each record is identified by its unique digest (transaction hash) and includes the associated block timestamp and sender address. A specific adjustment is applied to records preceding the network's formal launch to ensure all activity from the genesis date of May 3rd, 2023, is accurately captured.
- **Key fields**: `transaction_hash` (unique identifier), `block_timestamp` (timing)

### Component B: Daily aggregation and filtering

- **Purpose**: Calculate the total number of unique transactions per day.
- **Logic**: Transactions are aggregated based on UTC day boundaries. The count is determined by calculating the number of unique transaction hashes for each day. No status filters are applied, ensuring that both successful and failed transactions are included in the final total, consistent with how network resources are utilized.
- **Key fields**: `transaction_hash` (unique identifier)

### Component C: Finalization and zero-filling

- **Purpose**: Ensure data continuity and schema consistency.
- **Logic**: The daily transaction totals are cast to a standardized numeric format. A gap-filling strategy is applied to ensure that days with no recorded activity are populated with a zero value. Finally, the data is filtered through a freshness check to ensure only approved and finalized daily totals are displayed.
- **Key fields**: `transaction_count` (aggregated daily total)

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

Confirmed transactions added to the blockchain.

SuiSUI

Transaction count

Transaction count

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