Supply Issuance
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The percentage of new native units (continuous) issued on that day, extrapolated to one year (i.e., multiplied by 365), and divided by the current supply on that day. Sometimes referred to as the annual inflation rate.
Annual Inflation Rate
IssContPctAnn
Dimensionless
1 year
This metric can be seen as the asset’s annualized inflation rate. Note that it only includes the predictable inflation, some other emission schedule could happen that would lead to this metric under-estimating the inflation.
Computed as 100 * IssContNtv * 365 / SplyCur
A value of 1.0 means that the asset’s supply will increase by 1% per year.
This metric extrapolates the issuance rate from the current day’s issuance. It doesn’t take into account changes that will happen after the day of this metric’s computation like ETH unpredictable changes in monetary policy (no forward knowledge).
For XLM, the inflation process is considered continuous issuance as it is protocol mandated and predictable.
Released in the 1.0 release of NDP
While colloquially referred to as the inflation rate, this should be understood as supply inflation, not the conventional understanding of inflation as a decline in purchasing power driven by new supply. This metric might more appropriately be called the annualized issuance rate. Coins already existing in circulation but held in an encumbered state (like XRP being released from escrow) are not included in the measure as they are already incorporated in supply.
The percentage of new native units (continuous) issued on that day divided by the current supply on that day. Also referred to as the daily inflation rate.
Daily Inflation Rate
IssContPctDay
Dimensionless
1 day
This metric can be seen as the asset’s daily inflation rate. Note that it only includes the predictable inflation, some other emission schedule could happen that would lead to this metric under-estimating the inflation.
Computed as 100 * IssContNtv / SplyCur
Also equivalent to IssContPctAnn / 365
A value of 1.0 means that the asset’s monetary policy is a 1% daily inflation.
For XLM, the inflation process is considered continuous issuance as it is protocol mandated and predictable.
Released in the 1.0 release of NDP
The sum of supply units issued that day. Only those native units that are issued by a protocol-mandated continuous emission schedule are included.
Coinbase Issuance (native units)
IssContNtv
Native units
1 day, 1 hour
Coinbase Issuance (USD)
IssContUSD
USD
1 day
Most protocols have a fixed monetary policy that describes how many native units must be issued per block. This metric tracks those policies.
It includes founders and community rewards if their amounts are predictable.
1 hour frequency is available for ETH_CL only.
For XLM, the inflation process is considered continuous issuance as it is protocol mandated and predictable.
For ETH, prior to the Beacon Chain Launch, this metric captures the rewards issued from mining only. After the beacon chain launch and before the merge, this metric includes both rewards paid out as part of the mining process on the execution layer, as well as rewards paid out in the beacon chain as part of staking. Post merge, this metric captures rewards paid out on the consensus layer (and is equivalent to the value for ETH_CL for this metric).
To get the rewards on the ETH Consnsus layer, refer to this metric for the ETH_CL ticker.
For SOL, counts all rewards paid as part of Voting or Staking rewards. Does not include Rent or Fee rewards
Released in the 1.0 release of NDP
The sum of all new supply units issued that day.
Total Issuance (native units)
IssTotNtv
Native units
1 day, 1 hour
Total Issuance (USD)
IssTotUSD
USD
1 day
In this metric, compared to the continuous one, all sources of issuance are taken into account.
This metric is the gross issuance: if in the same day, 100 units are issued and 10 burned, this metric’s value will be 100, not 90 (which would be the net issuance).
1 hour frequency is available for ETH_CL only.
For Ethereum total issuance differs between the eth and eth_cl ticker.
The total issuance for the eth ticker is the total amount of ETH tokens issued in the Ethereum network. This is equivalent to rewards issued on the network which are also captured in Coinbase Issuance.
The total issuance for the eth_cl ticker represents all new ETH tokens issued on the consensus layer. This is equivalent to rewards issued plus any new deposits made to the consensus layer.
Released in the 1.0 release of NDP
The ratio of the USD value of new issuance during the period to the 365-day moving average of the USD value of new issuance. Only those native units that are issued by a protocol-mandated continuous emission schedule are included (i.e., units manually released from escrow or otherwise disbursed are not included).
Puell Multiple, Coinbase Issuance
PuellMulCont
Dimensionless
365 days
Computed as IssContUSD/ma365(IssContUSD)
Release Version: NDP-EOD 4.8 (Nov, 2020)
The Puell Multiple provides insight into market cycles from a mining revenue perspective. Because miners are sometimes considered compulsory sellers given their fixed costs (e.g., equipment, electricity), metric provides insight into the supply side of a cryptoasset's economy. The idea being, that periods where the Puell Multiple is extremely low could be buying opportunities for investors, and periods where it is extremely high could indicate a profit-taking/selling opportunities.
The ratio of the USD value of all new issuance during the period to the 365-day moving average of the USD value of all new issuance.
Puell Multiple, Total Issuance
PuellMulTot
Dimensionless
365 days
Computed as IssTotUSD/ma365(IssTotUSD)
Created by David Puell
Release Version: NDP-EOD 4.8 (Nov, 2020)
The Puell Multiple provides insight into market cycles from a mining revenue perspective. Because miners are sometimes considered compulsory sellers given their fixed costs (e.g., equipment, electricity), this metric provides insight into the supply side of a cryptoasset's economy. The idea being, that periods where the Puell Multiple is extremely low could be buying opportunities for investors, and periods where it is extremely high could indicate a profit-taking/selling opportunities.
The percent one-day change in supply. Also referred to as the daily inflation rate. Also available at a 30, 90, 180 day and 1 year moving average.
Daily Inflation Rate
InfPct
Dimensionless
1d
Inflation Rate 30-Day Average
InfPct30dAvg
Dimensionless
1d
Inflation Rate 90-Day Average
InfPct90dAvg
Dimensionless
1d
Inflation Rate 180-Day Average
InfPct180dAvg
Dimensionless
1d
Inflation Rate 1-Year Average
InfPct1yAvg
Dimensionless
1d
where N is the days over which to average. This means that for a 30-Day average the formula would be:
The Inflation rate of the asset over the timeframe defined in the metric. For example, Inflation Rate 1-Year Average shows what the daily inflation rate was based on the supply 1y ago and today.
The percent change in supply over 1 year. Also referred to as the annual inflation rate. Also available at a 30, 90, 180 day and 1 year moving average.
Annualized Compounding Inflation Rate
InfPctAnn
Dimensionless
1d
Annualized Compounding Inflation Rate 30-Day Average
InfPctAnn30dAvg
Dimensionless
1d
Annualized Compounding Inflation Rate 90-Day Average
InfPctAnn90dAvg
Dimensionless
1d
Annualized Compounding Inflation Rate 180-Day Average
InfPctAnn180dAvg
Dimensionless
1d
Annualized Compounding Inflation Rate 1-Year Average
InfPctAnn1yAvg
Dimensionless
1d
where N is the days over which to average. This means that for a 30-Day average the formula would be:
Supply Issuance metrics can be accessed using these endpoints:
timeseries/asset-metrics
and by passing in the metric ID's Iss* in the metrics parameter.
Returns requested metrics for specified assets. Results for block by block metrics (1b frequency) are ordered by tuple (asset, height, block_hash), all other metrics are ordered by tuple (asset, time). You can change the sorting using sort query parameter. Supported output formats are json (default) and csv, use format query parameter to override it. To fetch the next page of results use next_page_url JSON response field or x-next-page-url CSV HTTP header if present. If multiple metrics are requested in the same time the strict policy for partially available metrics among requested ones is applied:
Comma separated list of assets. Use the /catalog-all/assets endpoint for the full list of supported assets or specify asterisk (*) in order to get metrics for all supported assets.
Comma separated metrics to request time series data for. Information on all available metrics can be found on page https://coverage.coinmetrics.io/asset-metrics-v2. Use the /catalog-all/metrics or /catalog-all/assets endpoint for the full list of supported metrics per asset.
["AdrActCnt","BlkHgt"]Frequency of the metrics. Supported values are 1b (block by block), 1s (one second), 1m (one minute), 5m (five minutes), 10m (ten minutes), 1h (one hour), 1d (one day), 1d-ny-close (one day at New York close time). Please refer to the /catalog/metrics endpoint for the full list. Use the /catalog-all/assets endpoint for the full list of supported frequencies per asset-metric pair.
1dExample: 1bWhich metric values do you want to see. Applicable only for "reviewable" metrics. You can find them in the /catalog/metrics endpoint.
allPossible values: Start of the time interval. This field refers to the time field in the response. Multiple formats of ISO 8601 are supported: 2006-01-20T00:00:00Z, 2006-01-20T00:00:00.000Z, 2006-01-20T00:00:00.123456Z, 2006-01-20T00:00:00.123456789Z, 2006-01-20, 20060120. Inclusive by default. Mutually exclusive with start_height and start_hash. UTC timezone by default. Z suffix is optional and timezone parameter has a priority over it. If start_time is omitted, response will include time series from the earliest time available.
End of the time interval. This field refers to the time field in the response. Multiple formats of ISO 8601 are supported: 2006-01-20T00:00:00Z, 2006-01-20T00:00:00.000Z, 2006-01-20T00:00:00.123456Z, 2006-01-20T00:00:00.123456789Z, 2006-01-20, 20060120. Inclusive by default. Mutually exclusive with end_height and end_hash. UTC timezone by default. Z suffix is optional and timezone parameter has a priority over it. If end_time is omitted, response will include time series up to the latest time available.
The start height indicates the beginning block height for the set of data that are returned. Inclusive by default. Mutually exclusive with start_time and start_hash.
The end height indicates the ending block height for the set of data that are returned. Inclusive by default. Mutually exclusive with end_time and end_hash. This parameter is disabled for Community users.
The start hash indicates the beginning block height for the set of data that are returned. Inclusive by default. Mutually exclusive with start_time and start_height.
The end hash indicates the ending block height for the set of data that are returned. Inclusive by default. Mutually exclusive with end_time and end_height.
Inclusive or exclusive corresponding start_* parameters.
trueInclusive or exclusive corresponding end_* parameters.
trueSpecifies how many blocks behind the chain tip block by block metrics (1b frequency) are based on. Default for btc is 2 and 99 for eth. For example, a min_confirmations of 0 means metrics are being calculated for the block at the tip of the chain (the latest block received by our node) whereas a min_confirmations of 6 means that metrics are being applied to the block that is 6 blocks behind the chain tip (i.e., the 7th block if the chain tip is block 1).
Timezone name for start_time and end_time timestamps. This parameter does not modify the output times, which are always UTC. Format is defined by TZ database.
UTCExample: America/New_YorkNumber of items per single page of results. The value of this parameter is ignored if the endpoint supports the format parameter and its value is set to json_stream.
100Where does the first page start, at the start of the interval or at the end. The value of this parameter is ignored if the endpoint supports the format parameter and its value is set to json_stream.
endPossible values: How results will be sorted. Metrics with 1b frequency are sorted by (asset, height, block_hash) tuples by default. Metrics with other frequencies are sorted by (asset, time) by default. If you want to sort 1d metrics by (time, asset) you should choose time as value for the sort parameter. Sorting by time is useful if you request metrics for a set of assets.
assetPossible values: How many entries per asset result should contain. For example, this combination of parameters assets=btc,eth&metrics=ReferenceRate&limit_per_asset=1 returns the latest ReferenceRate values for btc and eth.
Human-readable formatting of JSON responses.
falseFormat of the response.
jsonPossible values: Nulls are represented as zeros in the response.
falseToken for receiving the results from the next page of a query. Should not be used directly. To iterate through pages just use next_page_url response field.
Ignore "forbidden" errors for the items you currently don't have access to.
falseIgnore "unsupported" errors for not currently supported by Coin Metrics items.
false