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

Viction is a smart contract platform for decentralized applications (a blockchain). Viction was founded by Ninety Eight and launched in 2018.

VIC holders own and govern the protocol. They currently don't take a cut of the total transaction fees paid by users (revenue). Ninety Eight's investors include Binance Labs, The Spartan Group, Multicoin Capital, etc.

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Blockchains (L1)

Viction

# Viction Transactions per second Methodology

## 1. Overview

Transactions per second (TPS) measures the average number of transactions processed per second on the Viction blockchain over daily periods. This metric is calculated by counting all unique transactions in a day and dividing by the number of seconds in that day (86,400). The metric provides insight into the network's transaction throughput and activity levels, helping assess blockchain performance and adoption.

## 2. Data sources

The calculation relies on the following raw data sources:

- **Viction blockchain transaction records**: Complete transaction data from the Viction blockchain including block timestamps, transaction hashes, sender and receiver addresses, gas usage, and gas prices
- **VRC21 token metadata**: Registry of VRC21 token contracts on Viction that receive special gas pricing treatment, sourced from Viction states data

## 3. Step-by-step calculation

### Component A: Raw transaction processing
- **Purpose**: Clean and standardize raw Viction transaction data for analysis
- **Logic**: Raw transaction records are processed by casting all fields to appropriate data types for consistency. Block timestamps are converted to timestamp format, transaction hashes to strings, addresses to strings, and gas values to numeric types. A special gas price calculation is applied where VRC21 token contracts receive a fixed effective gas price of 2.5 * 1e-10, while other transactions use the standard gas price divided by 10^18 for decimal conversion. The Viction native token address `0xc054751bdbd24ae713ba3dc9bd9434abe2abc1ce` is assigned to all transactions.
- **Key fields**: `block_timestamp` for timing, `transaction_hash` for uniqueness, `from_address` and `to_address` for transaction parties, `gas_used` and `effective_gas_price` for fee calculation

### Component B: Daily transaction aggregation  
- **Purpose**: Count unique transactions per day on the Viction network
- **Logic**: Transaction data is grouped by day using timestamp truncation to daily boundaries. For each day, the system counts approximately distinct transaction hashes to determine total transaction volume. The aggregation includes metadata assignment where each day receives identifiers for chain (`viction`), market sector (`blockchains_l1`), and business segment (`blockchain`). Product and contract name fields are left null as this represents network-level activity rather than application-specific metrics.
- **Key fields**: `timestamp` truncated to day level, `transaction_count` using approximate distinct counting of hashes, metadata fields for categorization

### Final aggregation
- **Combining components**: The daily transaction counts are processed through a rate calculation where each day's total transaction count is divided by the number of seconds in a day
- **Currency conversion**: No currency conversion is needed as this is a rate metric measured in transactions per second
- **Time aggregation**: Daily boundaries are maintained with the metric representing average TPS over each 24-hour period
- **Final calculation**: The transactions per second value is calculated using safe division of the daily transaction count by 86,400 seconds, with the finalize macro ensuring proper schema validation and filling any gaps with zero values for days without transaction data

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

Average confirmed user transactions added per second.

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Transactions per second

Transactions per second

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