Users sign up for World ID by visiting a Worldcoin Operator and verifying their unique personhood at an Orb. The Orb uses iris biometrics to establish an individual’s unique personhood and then creates a digital World ID, which is stored on the users device using a compatible identity wallet. World App is built on top of Safe's smart contract accounts and also serves as an identity wallet.

Worldcoin is an open source protocol primarily consisting of World ID - a privacy-preserving digital identity and World App - a fully self custodial wallet. Worldcoin was founded by Sam Altman, Alex Blania and Max Novendstern and publicly launched in July 2023.

Worldcoin is currently governed by the Worldcoin Foundation, but intends to decentralize governance over time. Worldcoin's investors include a16z, Multicoin Capital, 1confirmation, CoinFund etc.

github

twitter

discord

etherscan

website

Infrastructure

Worldcoin

# Worldcoin Transaction count Methodology

## 1. Overview

The Worldcoin transaction count metric measures the daily number of unique transactions on the Worldchain blockchain. This metric provides insight into the daily activity and usage of the Worldchain network by counting distinct transactions that occur each day. The calculation uses an approximate distinct count methodology to efficiently handle large transaction volumes while maintaining accuracy.

## 2. Data sources

The metric calculation relies on the following raw data sources:

- **Worldchain transaction records**: Complete transaction data from the Worldchain blockchain including transaction hashes, timestamps, sender and receiver addresses, and block information
- **Table modification tracking system**: Internal system that tracks when data tables were last updated to enable efficient incremental processing

## 3. Step-by-step calculation

### Component A: Transaction data preparation
- **Purpose**: Clean and standardize raw Worldchain transaction data for analysis
- **Logic**: Raw transaction records from the Worldchain blockchain are processed to extract essential fields. The system safely casts data types to ensure consistency and adds a standardized chain identifier. This preparation step filters and validates the core transaction attributes needed for counting
- **Key fields**: `block_timestamp` for timing, `transaction_hash` for unique identification, `from_address` and `to_address` for transaction participants, and `chain` identifier set to 'worldchain'

### Component B: Daily transaction aggregation
- **Purpose**: Group transactions by day and calculate daily unique transaction counts
- **Logic**: Transaction timestamps are truncated to daily boundaries to group all transactions occurring within the same calendar day. The system then applies an approximate distinct count on transaction hashes to determine the number of unique transactions per day. This aggregation is performed separately for each unique destination address (`to_address`) to enable granular analysis while maintaining daily totals
- **Key fields**: `timestamp` truncated to day level, `transaction_count` using approximate distinct count of `transaction_hash`, dimensional fields including `chain_id`, `market_sector_id` ('blockchains_l2'), `business_segment_id` ('blockchain'), and `product_id` ('worldchain')

### Final aggregation
- **Combining components**: The daily aggregated transaction counts are processed through a finalization macro that validates the data schema and ensures data quality standards
- **Currency conversion**: Not applicable for transaction count metrics
- **Time aggregation**: Data is aggregated to daily boundaries using timestamp truncation, with each day representing a complete 24-hour period in the blockchain's native timezone
- **Final calculation**: The final metric represents the approximate distinct count of unique transaction hashes that occurred on each day on the Worldchain blockchain, segmented by destination address and standardized with consistent dimensional attributes for reporting and analysis

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

Confirmed transactions added to the blockchain.

WorldcoinWLD

Transaction count

Transaction count

Competitive landscape

Chain breakdown