Velocity
For a more in-depth explanation of
Velocity
, please click here.
Definition
The metric shows the average number of times that a coin/token changes wallets each day.
Simply put, a higher velocity means that a coin/token is used in transactions more often within a set time frame.
Velocity can be used to explain various noteworthy events in the life of a project. For example, here's Ethereum:
Notice the steep drop off?
The increased activity (and subsequent dip) correlates squarely to a huge ETH mixer that operated between March 2017 and March 2018. During that time, coins were moved a lot between addresses which lead to big velocity spikes.
Once the mixer was liquidated, token velocity toppled back to 'normal' levels, where it's remained ever since.
Access
Measuring Unit
A non-negative number of times coin/token changes wallet
Data Type
Frequency
Latency
Available Assets
Available for these assets
SanAPI
Available under the velocity
name.
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{ getMetric(metric: "velocity") { timeseriesData( slug: "santiment" from: "2020-04-01T00:00:00Z" to: "2020-04-07T00:00:00Z" interval: "1d" ) { datetime value } } }