The number of transactions (transaction count) in the Ethereum network by on-chain financial instruments and protocols implemented as smart contracts, including decentralized exchanges (DEXs).

This is the Point-in-Time (PiT) variant of DeFi Transactions (Absolute). PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.