Definition. This chart presents the all-time cumulative coinblock volumes created (CBC, purple), destroyed (CBD, red), and stored (CBS, green) within the network, alongside price (grey). A coinblock is the lowest level and fully fungible unit of measurement within the Cointime Economics framework: a UTXO containing 2.1 BTC (coin volume), and with 400 confirmations (lifespan), will have accumulated a cointime of 2.1 x 400 = 840 coinblocks.

Technical. Each trace is an expanding sum from genesis:

• Cumulative CBC = cumsum(Coinblocks Created) (purple)
• Cumulative CBD = cumsum(Coinblocks Destroyed) (red)
• Cumulative CBS = cumsum(CBC - CBD) (green)

By construction, cumulative CBS equals cumulative CBC minus cumulative CBD at every point.

Interpretation. These cumulative aggregates are the foundation of the Cointime framework's state variables: the ratio of cumulative destruction to cumulative creation is Liveliness, and the stored share is Vaultedness. Watching the gap between the creation and destruction curves shows how the network's total accumulated dormancy evolves — the stored curve pulling away from the destroyed curve reflects a network whose supply is increasingly held dormant, while convergence phases mark eras of heavy expenditure of accumulated cointime.

Notes. Built from Coinblocks Created and Coinblocks Destroyed. The ratio form of these aggregates is charted in Liveliness and Vaultedness; the per-block net flow is Coinblocks Stored. Developed within the Cointime Economics framework for Bitcoin, 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).