Non-coinbase output value
value created by ordinary transactions
The total value of the outputs ordinary transactions created in this block, leaving out the miner's own reward.
DefinitionMatches Core's getblockstats total_out on all 961,001 heights, and is the quantity Open Bitcoin Metrics calls raw output value.
LimitChange is included, so it is not a payments figure. It is numerically almost identical to spent volume (median gap 2e-5).