The ratio of the sum of spent value over the sum of creation value of all spent and created outputs for that interval. There are two versions of this metric. For this version, a spent output’s “spent value” is the market value of that output (i.e., price multiplied by 1). A created output’s “creation value” is the market value of that output (i.e., price multiplied by 1).
Name
MetricID
Category
Subcategory
Type
Unit
Interval
SOPR Out
SOPROut
Valuation
Valuation
Ratio
Dimensionless
1 day
Details
SOPR was introduced by Renato Shirakashi.
This version was our first implementation of it that doesn’t weight outputs by their value.
It oscillates around 1, if below it, people spending are realizing losses, above it, realizing gains.
Asset-Specific Details
This metric is not available for assets that have full privacy, like Monero, Grin.
For assets that have opt-in privacy features, like ZCash, it only takes the non-private balances into account.
Example
If in a given day, 3 outputs are spent: ** Output A, value 10 BTC, created when BTC was worth $10 ** Output B, value 1 BTC, created when BTC was worth $500 ** Output C, value 2 BTC, created when BTC was worth $20,000
If market price is $7,500, SOPRCM for that day is computed as: ** Sum spent values: $10 + $500 + $20,000 = $20,510 ** Sum creation values: $7,500 + $7,500 + $7,500 = $22,500 ** SOPR = $22,500 / $20,510 = 1.097