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

Restricted Access.

Measuring Unit

A non-negative number of times coin/token changes wallet

Data Type

Timeseries Data

Frequency

Daily Intervals

Latency

On-Chain 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
    }
  }
}

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