Transfer Value Heuristics

Public blockchains are settling more value than ever before. But calculating on-chain transfer volume is a non-trivial exercise. Raw data is rife with noise and opportunity for misinterpretation. To create better estimates, Coin Metrics implements a series of rules or “heuristics” to create adjusted on-chain volume metrics. In this report, we walk through our transfer value heuristics using real-world examples to give intuition for their effectiveness.