# Exchange Transactions Count

## Definition

The total number of deposits/withdrawals transactions of the exchange.

| Metrics                    | Description                                        |
| -------------------------- | -------------------------------------------------- |
| Transactions Count Inflow  | The total number of deposits to the exchange.      |
| Transactions Count Outflow | The total number of withdrawals from the exchange. |

## Interpretation

Considering that it costs fees to make multiple transactions, the active exchange transaction count indicates the **closest meaning to the number of investors** that are involved in a network transaction.

This naturally leads to possible interpretation of correlating exchange transactions count to the level of attention of trading investors.

### By value itself <a href="#interpretation" id="interpretation"></a>

It shows whether **few or large numbers of transactions** are involved in netflows.

* **High** : **Large** number of transactions are accountable for [Exchange In/Outflow & Netflow](https://userguide.cryptoquant.com/cryptoquant-metrics/exchange/broken-reference)
* **Low**  : **Small** number of transactions are accountable for [Exchange In/Outflow & Netflow](https://userguide.cryptoquant.com/cryptoquant-metrics/exchange/broken-reference)

### By examining trend  <a href="#use-case" id="use-case"></a>

It shows the **level of Exchange Activeness & Volatility**

* **Increasing trend** : **Expanding interest and activeness**

  More people are participating in exchange flows indicating expanding interest and activeness of exchange trading leading to possible volatility
* **Decreasing** **trend** : **Diminishing interest and activeness**

  Less people are participating in exchange flows indicating diminishing interest and activeness of exchange trading leading to possible decreasing volatility

## Link to Our Data

* [BTC: Exchange Transactions Count in CryptoQuant Live Chart](https://cryptoquant.com/asset/btc/chart/transactions)
* [ETH: Exchange Transactions Count in CryptoQuant Live Chart](https://cryptoquant.com/asset/eth/chart/transactions)
* [BTC: Exchange Transactions Count in CryptoQuant Data API docs](https://cryptoquant.com/docs#operation/BTCgetTransactionsCountEF)