SOPR
Spent output price ratio

Definition

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 the sum of all native units of that output (i.e., price multiplied by the sum of native units). A created output’s “creation value” is the market value of the sum of all native units of that output (i.e., price multiplied by the sum of native units).

Dictionary

IDCategorySubcategoryTypeUnitInterval
SOPRValuationValuationRatioDimensionless1 day

Details

Asset-specific details

Examples

  • 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, SOPR for that day is computed as: ** Sum spent values: $10 * 10 BTC + $500 * 1 BTC + $20,000 * 2 BTC = $40,600 ** Sum creation values: $7,500 * 10 BTC + $7,500 * 1 BTC + $7,500 * 2 BTC = $97,500 ** SOPR = $97,500 / $40,600 = 2.401

Resource history

Availability for assets

AssetAvailable in Community tierAvailable in Pro tier
BCH
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