GuideAPI Doc

Transfer Volume

Tracks the total value of coins transferred between distinct addresses on-chain.

Overview
Transfer Volume represents the amount of value being moved through the network.
The “Adjusted” version filters out noise such as change addresses, self-transfers, and non-economic activity to reflect genuine on-chain flow.

Interpretation

  • 📈 Increasing volume = higher network usage or capital rotation.

  • 📉 Declining volume = consolidation or lower demand.

Formula (Latex)

A d j u s t e d O n C h a i n V o l u m e = ∑ ( V a l u e t r a n s f e r r e d   b e t w e e n   d i s t i n c t   a d d r e s s e s ) AdjustedOnChainVolume = \sum(Value_{transferred\ between\ distinct\ addresses})
A d j u s t e d O n C h a i n V o l u m e U S D = A d j u s t e d O n C h a i n V o l u m e × P r i c e B T C AdjustedOnChainVolumeUSD = AdjustedOnChainVolume \times Price_{BTC}
T o k e n V e l o c i t y = T r a n s f e r r e d V a l u e M a r k e t C a p i t a l i s a t i o n TokenVelocity = \frac{TransferredValue}{MarketCapitalisation}

Signal
High on-chain volume can indicate speculative activity or strong network demand.

Insights
Adjusted volume gives a clearer picture of real network utilisation and is essential for identifying market phases of expansion, speculation, or contraction.

Available Metrics