UTXOs are the fundamental accounting system and building block of the Bitcoin protocol. The term UTXO is an abbreviation of Unspent Transaction Output. Each UTXO can be thought of as a 'container' holding units of BTC, which are assigned to an address, and controlled by the owners private key.

This metric presents both the total number of UTXOs in the set 🔵, as well as the 7D-EMA of the daily change.

• Positive Values 🟢 indicate a net increase in the number of UTXOs in the set, and an expansion in network usage.

• Negative Values 🔴 indicate a net decrease in the number of UTXOs in the set, and a contraction in network usage.

💡 Hint: See our guide on Academy to better understand UTXOs