Metric name: Velocity
Chart:
API: https://chainmetrics.com/api/m34_velocity?apikey=[YOUR-API-KEY-HERE]
Metric description: Velocity is a measure of how quickly units are circulating in the network and is calculated by dividing the on-chain transaction volume (in USD) by the market cap, i.e. the inverse of the NVT ratio.
Chart:
API: https://chainmetrics.com/api/m34_velocity?apikey=[YOUR-API-KEY-HERE]
Metric description: Velocity is a measure of how quickly units are circulating in the network and is calculated by dividing the on-chain transaction volume (in USD) by the market cap, i.e. the inverse of the NVT ratio.