diff --git a/api/spec/v1.yaml b/api/spec/v1.yaml
index fa3e05482..a42c58f69 100644
--- a/api/spec/v1.yaml
+++ b/api/spec/v1.yaml
@@ -804,13 +804,22 @@ paths:
                 $ref: '#/components/schemas/RuntimeTokenList'
         <<: *common_error_responses
 
-  /consensus/stats/tx_volume:
+  /{layer}/stats/tx_volume:
     get:
-      summary: Returns the consensus layer transaction volume at daily granularity
+      summary: |
+        Returns a timeline of the transaction volume at the chosen granularity,
+        for either consensus or one of the paratimes.
       parameters:
         - *limit
         - *offset
         - *bucket_size_seconds
+        - in: path
+          name: layer
+          required: true
+          schema:
+            $ref: '#/components/schemas/Layer'
+          description: |
+            The layer for which to return the transaction volume timeline.
       responses:
         '200':
           description: |
@@ -823,6 +832,10 @@ paths:
 
 components:
   schemas:
+    Layer:
+      type: string
+      enum: [consensus, emerald]
+
     Status:
       type: object
       required: [latest_chain_id, latest_block, latest_update]
diff --git a/api/v1/strict_server.go b/api/v1/strict_server.go
index 316a3e175..cbb3c5f4c 100644
--- a/api/v1/strict_server.go
+++ b/api/v1/strict_server.go
@@ -174,12 +174,17 @@ func (srv *StrictServerImpl) GetConsensusProposalsProposalIdVotes(ctx context.Co
 	return apiTypes.GetConsensusProposalsProposalIdVotes200JSONResponse(*votes), nil
 }
 
-func (srv *StrictServerImpl) GetConsensusStatsTxVolume(ctx context.Context, request apiTypes.GetConsensusStatsTxVolumeRequestObject) (apiTypes.GetConsensusStatsTxVolumeResponseObject, error) {
-	volumeList, err := srv.dbClient.TxVolumes(ctx, request.Params)
+func (srv *StrictServerImpl) GetLayerStatsTxVolume(ctx context.Context, request apiTypes.GetLayerStatsTxVolumeRequestObject) (apiTypes.GetLayerStatsTxVolumeResponseObject, error) {
+	// Additional param validation.
+	if !request.Layer.IsValid() {
+		return nil, &apiTypes.InvalidParamFormatError{ParamName: "layer", Err: fmt.Errorf("not a valid enum value: %s", request.Layer)}
+	}
+
+	volumeList, err := srv.dbClient.TxVolumes(ctx, request.Layer, request.Params)
 	if err != nil {
 		return nil, err
 	}
-	return apiTypes.GetConsensusStatsTxVolume200JSONResponse(*volumeList), nil
+	return apiTypes.GetLayerStatsTxVolume200JSONResponse(*volumeList), nil
 }
 
 func (srv *StrictServerImpl) GetConsensusTransactions(ctx context.Context, request apiTypes.GetConsensusTransactionsRequestObject) (apiTypes.GetConsensusTransactionsResponseObject, error) {
diff --git a/api/v1/types/util.go b/api/v1/types/util.go
index 92eb16f23..082fcde23 100644
--- a/api/v1/types/util.go
+++ b/api/v1/types/util.go
@@ -25,3 +25,12 @@ func (c ConsensusEventType) IsValid() bool {
 		return false
 	}
 }
+
+func (c Layer) IsValid() bool {
+	switch c {
+	case LayerConsensus, LayerEmerald:
+		return true
+	default:
+		return false
+	}
+}
diff --git a/storage/client/client.go b/storage/client/client.go
index 8e954ca79..df8728193 100644
--- a/storage/client/client.go
+++ b/storage/client/client.go
@@ -1455,12 +1455,8 @@ func (c *StorageClient) RuntimeTokens(ctx context.Context, p apiTypes.GetEmerald
 }
 
 // TxVolumes returns a list of transaction volumes per time bucket.
-func (c *StorageClient) TxVolumes(ctx context.Context, p apiTypes.GetConsensusStatsTxVolumeParams) (*TxVolumeList, error) {
-	if p.BucketSizeSeconds == nil {
-		return nil, fmt.Errorf("bucket_size_seconds default was not applied") // double-check middleware's job
-	}
-
-	qf := NewQueryFactory(strcase.ToSnake(c.chainID), "")
+func (c *StorageClient) TxVolumes(ctx context.Context, layer apiTypes.Layer, p apiTypes.GetLayerStatsTxVolumeParams) (*TxVolumeList, error) {
+	qf := NewQueryFactory(strcase.ToSnake(c.chainID), string(layer))
 	var query string
 	if *p.BucketSizeSeconds == 300 {
 		query = qf.FineTxVolumesQuery()
@@ -1473,6 +1469,7 @@ func (c *StorageClient) TxVolumes(ctx context.Context, p apiTypes.GetConsensusSt
 	rows, err := c.db.Query(
 		ctx,
 		query,
+		layer,
 		p.Limit,
 		p.Offset,
 	)
diff --git a/storage/client/queries.go b/storage/client/queries.go
index a2b445510..5635bde4d 100644
--- a/storage/client/queries.go
+++ b/storage/client/queries.go
@@ -357,21 +357,23 @@ func (qf QueryFactory) RuntimeTokensQuery() string {
 func (qf QueryFactory) FineTxVolumesQuery() string {
 	return `
 		SELECT window_start, tx_volume
-			FROM stats.min5_tx_volume
+		FROM stats.min5_tx_volume
+		WHERE layer = $1::text
 		ORDER BY
 			window_start DESC
-		LIMIT $1::bigint
-		OFFSET $2::bigint
+		LIMIT $2::bigint
+		OFFSET $3::bigint
 	`
 }
 
 func (qf QueryFactory) TxVolumesQuery() string {
 	return `
 		SELECT window_start, tx_volume
-			FROM stats.daily_tx_volume
+		FROM stats.daily_tx_volume
+		WHERE layer = $1::text
 		ORDER BY
 			window_start DESC
-		LIMIT $1::bigint
-		OFFSET $2::bigint
+		LIMIT $2::bigint
+		OFFSET $3::bigint
 	`
 }
diff --git a/storage/migrations/03_agg_stats.up.sql b/storage/migrations/03_agg_stats.up.sql
index a0689dc24..3241e8ae5 100644
--- a/storage/migrations/03_agg_stats.up.sql
+++ b/storage/migrations/03_agg_stats.up.sql
@@ -18,20 +18,32 @@ GRANT EXECUTE ON FUNCTION floor_5min TO PUBLIC;
 -- NOTE: This materialized view is NOT refreshed every 5 minutes due to computational cost.
 CREATE MATERIALIZED VIEW stats.min5_tx_volume AS
   SELECT
+    'consensus' AS layer,
     floor_5min(b.time) AS window_start,
     COUNT(*) AS tx_volume
   FROM oasis_3.blocks AS b
-    INNER JOIN oasis_3.transactions AS t ON b.height = t.block
-  GROUP BY 1;
+  JOIN oasis_3.transactions AS t ON b.height = t.block
+  GROUP BY 2
+  
+  UNION ALL
+  
+  SELECT
+    'emerald' AS layer,
+    floor_5min(b.timestamp) AS window_start,
+    COUNT(*) AS tx_volume
+  FROM oasis_3.emerald_rounds AS b
+  JOIN oasis_3.emerald_transactions AS t ON b.round = t.round
+  GROUP BY 2;
 
 -- daily_tx_volume stores the number of transactions per day
 -- at the consensus layer.
 CREATE MATERIALIZED VIEW stats.daily_tx_volume AS
   SELECT
+    layer,
     date_trunc ( 'day', sub.window_start ) AS window_start,
     SUM(sub.tx_volume) AS tx_volume
   FROM stats.min5_tx_volume AS sub
-  GROUP BY 1;
+  GROUP BY 1, 2;
 
 
 -- Grant others read-only use. This does NOT apply to future tables in the schema.