The first onchain metric, Coin Days Destroyed (CDD), was introduced by a Bitcoin Talk forum user named ByteCoin.
Did you know? Onchain analysis, a method for understanding cryptocurrency market trends by examining blockchain data, has roots dating back to 2011. The first onchain metric, Coin Days Destroyed (CDD), was introduced by a Bitcoin Talk forum user named ByteCoin. This metric tracked the age of BTC being transferred, providing insights into long-term holder behavior and potential market shifts.