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Velocity

Contents​

1 Year Active Supply Velocity ​

Definition​

The ratio of the value transferred (i.e., the aggregate "size" of all transfers) in the trailing 1 year divided by active supply in the trailing 1 year. It can be thought of as a rate of turnover -- the number of times that an average native unit among the active supply has been transferred in the past 1 year.

NameMetricIDUnitInterval
1 Year Active Supply VelocityVelAct1yrDimensionless1 year

Release History​

  • Released in the 1.0 release of NDP

Availability for Assets​

Embedded content

1 Year Active Supply Velocity, Adj ​

Definition​

The ratio of the adjusted value transferred (i.e., the aggregate "size" of all transfers) in the trailing 1 year divided by active supply in the trailing 1 year. It can be thought of as a rate of turnover -- the number of times that an average native unit among the active supply has been transferred in the past 1 year.

NameNameIDUnitInterval
1 Year Active Supply Velocity, AdjVelActAdj1yrDimensionless1 year

Release History​

  • Released in the 1.0 release of NDP

Availability for Assets​

Embedded content

1 Year Current Supply Velocity ​

Definition​

The ratio of the value transferred (i.e., the aggregate "size" of all transfers) in the trailing 1 year divided by the current supply on that day. It can be thought of as a rate of turnover -- the number of times that an average native unit has been transferred in the past 1 year.

NameMetricIDUnitInterval
1 Year Current Supply VelocityVelCur1yrDimensionless1 year

Details​

Release History​

  • Released in the 1.0 release of NDP

Interpretation​

Velocity​ is a measurement of the rate at which an asset is exchanged. It can be thought of as a rate of turnover, or, in other words, the number of times that an average unit of an asset has been transferred within the last year. Our Adjusted Velocity metric removes noise and other artifacts from the transfer value in the numerator.

Availability for Assets​

Embedded content

1 Year Current Supply Velocity, Adj ​

Definition​

The ratio of the adjusted value transferred (i.e., the aggregate "size" of all transfers) in the trailing 1 year divided by the current supply on that day. It can be thought of as a rate of turnover -- the number of times that an average native unit has been transferred in the past 1 year.

NameMetricIDUnitInterval
1 Year Current Supply Velocity, AdjVelCurAdj1yrDimensionless1 year

Details​

Chart​

https://charts.coinmetrics.io/network-data/#576

Release History​

  • Released in the 1.0 release of NDP

Interpretation​

Velocity​ is a measurement of the rate at which an asset is exchanged. It can be thought of as a rate of turnover, or, in other words, the number of times that an average unit of an asset has been transferred within the last year. In the above chart, we calculate velocity by dividing BTC’s adjusted transfer value over the past year (which is the total amount of cryptoasset transferred) by BTC’s total supply. Historically BTC’s velocity has increased during a rising bull cycle as on-chain activity increases, and has dipped following both the 2013 and 2017 price peaks. If velocity starts to slow dramatically, it could be read as a sign that the bull phase is reaching its end.

See Also​

Availability for Assets​

Embedded content

API Endpoints​

Token Transaction metrics can be accessed using these endpoints:

  • timeseries/asset-metrics

and by passing in the metric ID's VelAct1yr, VelActAdj1yr, etc. in the metrics parameter.

GET /timeseries/asset-metrics

Asset metrics

View endpoint and parameters

openapi.yaml

Shell
curl --compressed "https://api.coinmetrics.io/v4/timeseries/asset-metrics?metrics=VelAct1yr&assets=btc&pretty=true&api_key=<your_key>"
Python
import requests
response = requests.get('https://api.coinmetrics.io/v4/timeseries/asset-metrics?metrics=VelAct1yr&assets=btc&pretty=true&api_key=<your_key>').json()
print(response)
Python Client
from coinmetrics.api_client import CoinMetricsClient

api_key = "<API_KEY>"
client = CoinMetricsClient(api_key)

print(
    client.get_asset_metrics(
        metrics="VelAct1yr", 
        assets="eth",
    ).to_dataframe()
)