Concurrent Liveliness is the ratio between cointime destroyed and cointime created at any blockheight. Concurrent Liveliness will trade above a value of 1 when coinblock storage is negative, which indicates the network is seeing significant cointime expenditure, and vice-versa.

Concurrent Liveliness can be considered in a similar way to the traditional Coindays Destroyed (CDD) metric, and in fact is synonymous with Supply Adjusted Coindays Destroyed (given CBC each block equals Circulating Supply). Concurrent Liveliness will peak during periods of high expenditure by older, previously dormant coins, and decline during periods of aggregate long-term accumulation and investor preference for HODLing.

Coined By

This metric was developed within the Cointime Economics framework for Bitcoin. This project was a joint venture between Glassnode and ARK Invest, with full details available in two formats: an overview primer (Version I published via ARK) and a comprehensive guide for specialists (Version II published via Glassnode).