Velocity

Contents

• 1 Year Active Supply Velocity

• 1 Year Active Supply Velocity, Adj

• 1 Year Current Supply Velocity

• 1 Year Current Supply Velocity, Adj

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.

Name	MetricID	Unit	Interval
1 Year Active Supply Velocity	VelAct1yr	Dimensionless	1 year

Release History

• Released in the 1.0 release of NDP

Availability for Assets

Coin Metrics CoverageCoin Metrics Coverage

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.

Name	NameID	Unit	Interval
1 Year Active Supply Velocity, Adj	VelActAdj1yr	Dimensionless	1 year

Release History

• Released in the 1.0 release of NDP

Availability for Assets

Coin Metrics CoverageCoin Metrics Coverage

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.

Name	MetricID	Unit	Interval
1 Year Current Supply Velocity	VelCur1yr	Dimensionless	1 year

Details

• Xfer'd Value (native units) for trailing 1 year / Current Supply (native units)

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

Coin Metrics CoverageCoin Metrics Coverage

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.

Name	MetricID	Unit	Interval
1 Year Current Supply Velocity, Adj	VelCurAdj1yr	Dimensionless	1 year

Details

• Xfer'd Val, Adj (native units) for trailing 1 year / Current Supply (native units)

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

• 1 Year Current Supply Velocity

Availability for Assets

Coin Metrics CoverageCoin Metrics Coverage

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.

Asset metrics

Returns requested metrics for specified assets. Results for block by block metrics (1b frequency) are ordered by tuple (asset, height, block_hash), all other metrics are ordered by tuple (asset, time). You can change the sorting using sort query parameter. Supported output formats are json (default) and csv, use format query parameter to override it. To fetch the next page of results use next_page_url JSON response field or x-next-page-url CSV HTTP header if present. If multiple metrics are requested in the same time the strict policy for partially available metrics among requested ones is applied:

get

/timeseries/asset-metrics

Authorizations

Query parameters

assetsstring[]required

Comma separated list of assets. Use the /catalog-all/assets endpoint for the full list of supported assets or specify asterisk (*) in order to get metrics for all supported assets.

metricsstring[]required

Comma separated metrics to request time series data for. Information on all available metrics can be found on page https://docs.coinmetrics.io/info/metrics. Use the /catalog-all/metrics or /catalog-all/assets endpoint for the full list of supported metrics per asset.

Example: ["AdrActCnt","BlkHgt"]

frequencystring

Frequency of the metrics. Supported values are 1b (block by block), 1s (one second), 1m (one minute), 10m (ten minutes), 1h (one hour), 1d (one day), 1d-ny-close (one day at New York close time). Please refer to the /catalog/metrics endpoint for the full list. Use the /catalog-all/assets endpoint for the full list of supported frequencies per asset-metric pair.

Example: 1b

statusenum

Which metric values do you want to see. Applicable only for "reviewable" metrics. You can find them in the /catalog/metrics endpoint.

Options: all, flash, reviewed, revised

start_timestring

Start of the time interval. This field refers to the time field in the response. Multiple formats of ISO 8601 are supported: 2006-01-20T00:00:00Z, 2006-01-20T00:00:00.000Z, 2006-01-20T00:00:00.123456Z, 2006-01-20T00:00:00.123456789Z, 2006-01-20, 20060120. Inclusive by default. Mutually exclusive with start_height and start_hash. UTC timezone by default. Z suffix is optional and timezone parameter has a priority over it. If start_time is omitted, response will include time series from the earliest time available.

end_timestring

End of the time interval. This field refers to the time field in the response. Multiple formats of ISO 8601 are supported: 2006-01-20T00:00:00Z, 2006-01-20T00:00:00.000Z, 2006-01-20T00:00:00.123456Z, 2006-01-20T00:00:00.123456789Z, 2006-01-20, 20060120. Inclusive by default. Mutually exclusive with end_height and end_hash. UTC timezone by default. Z suffix is optional and timezone parameter has a priority over it. If end_time is omitted, response will include time series up to the latest time available.

start_heightinteger int64

The start height indicates the beginning block height for the set of data that are returned. Inclusive by default. Mutually exclusive with start_time and start_hash.

end_heightinteger int64

The end height indicates the ending block height for the set of data that are returned. Inclusive by default. Mutually exclusive with end_time and end_hash. This parameter is disabled for Community users.

start_hashstring

The start hash indicates the beginning block height for the set of data that are returned. Inclusive by default. Mutually exclusive with start_time and start_height.

end_hashstring

The end hash indicates the ending block height for the set of data that are returned. Inclusive by default. Mutually exclusive with end_time and end_height.

start_inclusiveboolean

Inclusive or exclusive corresponding start_* parameters.

end_inclusiveboolean

Inclusive or exclusive corresponding end_* parameters.

min_confirmationsinteger int32

Specifies how many blocks behind the chain tip block by block metrics (1b frequency) are based on. Default for btc is 2 and 99 for eth. For example, a min_confirmations of 0 means metrics are being calculated for the block at the tip of the chain (the latest block received by our node) whereas a min_confirmations of 6 means that metrics are being applied to the block that is 6 blocks behind the chain tip (i.e., the 7th block if the chain tip is block 1).

timezonestring

Timezone name for start_time and end_time timestamps. This parameter does not modify the output times, which are always UTC. Format is defined by TZ database.

Example: America/New_York

page_sizeinteger int32

Number of items per single page of results. The value of this parameter is ignored if the endpoint supports the format parameter and its value is set to json_stream.

paging_fromenum

Where does the first page start, at the start of the interval or at the end.

Options: start, end

sortenum

How results will be sorted. Metrics with 1b frequency are sorted by (asset, height, block_hash) tuples by default. Metrics with other frequencies are sorted by (asset, time) by default. If you want to sort 1d metrics by (time, asset) you should choose time as value for the sort parameter. Sorting by time is useful if you request metrics for a set of assets.

Options: asset, height, time

limit_per_assetinteger int32

How many entries per asset result should contain. For example, this combination of parameters assets=btc,eth&metrics=ReferenceRate&limit_per_asset=1 returns the latest ReferenceRate values for btc and eth.

prettyboolean

Human-readable formatting of JSON responses.

formatenum

Format of the response.

Options: json, csv

null_as_zeroboolean

Nulls are represented as zeros in the response.

next_page_tokenstring

Token for receiving the results from the next page of a query. Should not be used directly. To iterate through pages just use next_page_url response field.

ignore_forbidden_errorsboolean

Ignore HTTP 403 Forbidden errors

ignore_unsupported_errorsboolean

Ignore errors for unsupported assets, metrics or frequencies.

Responses

application/jsontext/csv

application/json

application/json

application/json

200

400

401

403

414

200

{
  "data": [
    {
      "asset": "btc",
      "time": "2020-02-29T00:00:00.000000000Z",
      "PriceUSD": "8582.09029964933",
      "SplyBMXNtv": "283220.10827406",
      "SplyBMXNtv-status": "reviewed",
      "SplyBMXNtv-status-time": "2020-03-01T09:59:13.847251000Z"
    },
    {
      "asset": "btc",
      "time": "2020-03-01T00:00:00.000000000Z",
      "PriceUSD": "8541.77389392169",
      "SplyBMXNtv": "284691.32323907",
      "SplyBMXNtv-status": "reviewed",
      "SplyBMXNtv-status-time": "2020-03-02T14:00:02.622168000Z"
    }
  ],
  "next_page_token": "0.MjAyMC0wNi0wN1QwMDowMDowMFo,MjAyMC0wNi0wN1QwMDowMDowMFo",
  "next_page_url": "https://api.coinmetrics.io/v4/timeseries/asset-metrics?api_key=<your_key>&pretty=true&assets=btc&metrics=SplyBMXNtv,PriceUSD&page_size=2&next_page_token=0.MjAyMC0wNi0wN1QwMDowMDowMFo,MjAyMC0wNi0wN1QwMDowMDowMFo"
}

Time series of metrics for an asset.

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()
)