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Average Time Between Transactions
This indicator measures the average duration between one transaction block and the next. This is calculated by measuring the total time that it takes in the blockchain to approve one block following the previous block and averaging it on a daily basis.
The Average Time Between Transactions is helpful to have an idea of how long it would take you to make a transaction. In periods of high volatility the average time increases as there is more demand for block space. For example, here we can see how Litecoin’s Average Time between Transactions spiked during the March 12, 2020 crash:
Average Time Between Transactions for Litecoin
This indicator is a function of blockchain’s congestion as greater transaction activity tends to increase the average time it takes to process transactions.
Last modified 3yr ago