Metric Description:

Number of transactions refers to the total number of successful transactions that occur during the analyzed period. In other words, it describes the transactional intensity of the network. This metric takes into account all types of transactions that are valid for the waves network.

Transaction activity is a subcomponent of Network activity metrics. Network activity can be based on factors such as the total number of transactions, transaction volume, block size, transaction speed, verification time, memory usage in a blockchain network. For organic growth, the number of transactions occurring on a network is a quantitative measure of the value added by information processing in the network.