Indicator Overview

Many UTXOs created do not represent a sale or purchase of a given coin (these include relay transactions and change - for more details learn more about how UTXOs work). However, the original SOPR metric treats these as sale/purchase transactions between parties, adding noise to the metric.

As such, adjusted SOPR (aSOPR) filters out all UTXOs with a lifespan of less than an hour and thereby eliminates obvious relay transactions. In turn, this provides a more accurate signal of actual sale/purchase transactions.

• ​View aSOPR in Glassnode Studio​

• ​View aSOPR in Glassnode API Docs​

How is it measured?

Adjusted SOPR uses the same formula as SOPR, but simply filters out any UTXOs which are less than an hour old.

Further Resources

Renato Shirakashi - Introducing SOPR​