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Coin Days Destroyed: Giving Meaning to Transaction Volumes
Coin Days Destroyed is not only a metric that adds meaning to transaction volumes; it also exemplifies the unique trail of data that crypto assets leave in their wake. In this report, we look at what the metric represents, how it is calculated and used, and where its weaknesses lie.
Noelle Acheson
Noelle Acheson is host of the CoinDesk "Markets Daily" podcast, and author of the Crypto is Macro Now newsletter on Substack. She is also former head of research at CoinDesk and sister company Genesis Trading. Follow her on Twitter at @NoelleInMadrid.
