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Glassnode

Over time, the adoption of transaction technology, new wallet management techniques, and on-chain behavior evolves and changes. This metric presents the average number of UTXOs spent (inputs, 🔴) and created (outputs, 🟢) per transaction.

  • Higher Values ↗️ indicate a larger average number of UTXOs are created, or spent per transaction, suggesting an increase in transaction complexity (e.g. transaction batching).

  • Lower Values ↘️ indicate a smaller average number of UTXOs are created, or spent per transaction, suggesting a decrease in transaction complexity (e.g. one input, two outputs).