Currency Transaction Aggregate Indicator
Currency Transaction Aggregate Indicator
The percentage volume of exchange transactions and blockchain-based Currency transactions as compared to other cryptoassets, expressed in USD.
Computational method:
Calculated based on the Currency/USD transaction volume and the volume of confirmed blockchain-based transactions in the analyzed period of time.
Formula:
Currency transaction aggregate indicator = [(Sum of all Currency/USD transactions) + (Currency/USD transaction volume)] / [(Sum of all cryptoasset transaction volume) + (Sum of USD transaction volume)]
Remark:
In other words, the Currency transaction aggregate indicator displays which share of the cryptocurrency market any given cryptoasset is taking up.