A “Coin Day” is the holding of a coin without moving it for a day. For example, if I hold 1 KAS for seven days, I accumulated seven coin days. Coin Days are Destroyed when they are moved or spent. Therefore, when I spend the 1 KAS of seven Coin Days, it represents seven coin days, now you could say seven coin days destroyed at the moment of the transaction.  

The Supply Adjusted Coin Days Destroyed metric divides the CDD by the circulating supply of KAS (the total supply of KAS coins in the market). 

This metric provides a per-coin view of the long-term holder behavior, adjusted for growth in total supply over time. 

Why is it Important? 

Having the supply adjusted coin days destroyed is important, because the CDD will naturally rise as the total supply increases. By adjusting for supply, this metric effectively accounts for inflation, allowing meaningful comparisons across time periods. 

How to Read the Chart

• A High CDD represents that coins that have been dormant for a longer period of time are moving. When the CDD is rising, it shows old coins being spent, which could indicate selling-pressure, or a time with increased profit-taking.

• A Low CDD shows that the coins being transacted have been recently moved. If the CDD is falling, or flat, this can show HODLing behavior, or an accumulation phase. 

Want to Learn More?

To learn more about the Coin Days Destroyed principle for Kaspa, visit our chart here. 

Moreover, the Value Days Destroyed Multiple (or VDD for short) utilizes the CDD principle as well. Visit the VDD Kaspa chart here.