Miner Rewards Volume Share
Last updated
Last updated
Similar to the Miner Flows Volume Share, the Miner Rewards Volume Share puts miner activity in context to the total volume. In this case, the indicator measures only mining revenues as a percentage of daily on-chain transaction volume.
This indicator is helpful to gauge the marginal effect from additional crypto being mined. Since inflation rate has decreased significantly amongst most proof of work blockchains, the percentage that daily mining rewards make out of the total volume has decreased to become almost negligible.
It is worth keeping this indicator in mind to contextualize the selling pressure created from each additional day of mining. While the marginal impact is quite small, higher selling pressure tends to come from existing miner reserves.
