Cointime-Adjusted Stock-to-flow ratio takes into account the relative economic activity of the coin supply for assessing relative scarcity.

• 🟢 Nominal stock-to-flow ratio is calculated as the inverse of nominal inflation rate.

• 🟡 Cointime-Adjusted stock-to-flow ratio considers the scarcity of new issuance relative to Active supply, being the supply region which is economically 'active'.

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).