This metric presents the all-time cumulative coinblocks volume created (CBC), destroyed (CBD), and stored (CBS) within the network.

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 * 400 = 840 coinblocks.

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).