Definition. The number of transactions on the Ethereum network by on-chain financial instruments and protocols implemented as smart contracts, including decentralized exchanges (DEXs). Decentralized Finance Transactions (Relative) is the relative counterpart. Number of Transactions is the related base variant without segmentation.

Technical. Only top-level transactions are counted, assigned by their recipient address, and failed transactions are included. Transactions to addresses also labelled as exchange, stablecoin or bridge are assigned to those categories instead.