Activity-to-vaulting ratio
spent holding time against stored
How much of bitcoin's holding time has been spent for every unit still stored. It says the same thing as liveliness, stretched onto an unbounded scale so that changes near the top of the range are easier to see.
DefinitionLiveliness / (1 - liveliness).
LimitIt is a monotone transform of liveliness, not an independent measurement (r = 0.999 since 2020). It is also computed on the coinblocks basis, while the published liveliness is coin-days, so the two disagree by a median of 2% and by up to 42% in early history. Treat that gap as a known defect, not as information.