ASOL (Average Spent Output Lifespan)

ASOL (Average Spent Output Lifespan) is the average age (in days) of all spent transaction outputs.

Indicator Overview

ASOL (Average Spent Output Lifespan) is the average age (in days) of all spent transaction outputs. This indicator, along with MSOL, highlights (on a macro level) how many days coins were held before being moved, giving insight into short-term and long-term HODLer movements.

It should be noted that, in order to account for change and eliminate obvious relay transactions, outputs with a lifespan of less than 1 hour are discarded.

How is it measured?

ASOL (Average Spent Output Lifespan) is defined as the mean age (in days) of all spent transaction outputs in a given time period.

ASOL=Mean{lifespan [days] (of all spent outputs)}\textrm{ASOL} = \textrm{Mean}\big\{ \textrm{lifespan}~{\color{gray}{\textrm{[days]}}} ~{\color{gray}{\textrm{(of all spent outputs)}}} \big\}

About

Coined By

Renato Shirakashi

Date Created

October 2019

Further Resources

Glassnode - ASOL/MSOL Announcement