Methodology

Nimiq FYI combines indexed Nimiq history with market data. Daily series use UTC calendar days unless a chart states otherwise. Refresh times vary by metric; cached or precomputed data is not a live feed.

Each chart’s notes describe its definitions and controls. Historical reconstructions, estimates and projections should be read differently from directly observed values.

New NIM/USD and BTC/USD price observations come from CoinGecko. Older history includes CryptoCompare data and historical gap repairs; changing the current source does not rewrite that history.

The BTC view expresses NIM in satoshis using the corresponding BTC/USD price. Adjusted market cap is NIM/USD price multiplied by adjusted circulating supply. Thin liquidity, missing observations and differences between exchanges can affect the series. View price and market cap →

Circulating supply is total minted NIM minus still-locked vesting allocations. Unlocked coins are not necessarily being traded. The supply chart separates observed history from the future emission schedule. View supply →

Active addresses are unique addresses with an indexed ledger movement during a UTC day. The chart separates all addresses, senders, receivers and newly seen addresses.

These are address counts, not people counts. One person can use many addresses; an exchange address can represent many users. Small transfers and automated activity can also affect the totals. View active addresses →

Coin Distribution counts addresses at or above each displayed NIM threshold. Holdings include account balance and owned stake, including active, inactive and retired delegated stake and validator deposits. The staking contract and protocol reward-source addresses are excluded.

Historical balances are reconstructed backwards from account and staking state using indexed transactions. Thresholds are cumulative: an address above a higher threshold also belongs to the lower thresholds. This measures holdings by address, not wealth by person. View Coin Distribution →

During pre-staking, NIM moved from liquid PoW balances into funds allocated as stake at Nimiq 2.0 genesis. The owner did not change. We treat that migration as a change in how the funds were held, not a sale, burn or new purchase.

The migrated amount retains its acquisition cost and holding age. The transfer itself should not create realized profit or loss, SOPR activity, coin-days destroyed, a holder-age reset or a whale outflow. Actual transaction fees and genuine burns remain economic outflows.

The shared migration dataset covers 2,413 pre-staking transfers and 47 pre-validator registrations, matched against transaction data and genesis allocations. It is used across ownership, cost-basis and coin-age metrics, including Coin Distribution, MVRV, NUPL, SOPR, Cointime and HODL Waves, as well as Whale Tracker and the Trader Leaderboard.

Current exchange-volume updates use the tracked venues’ APIs. Historical observations may come from imported market datasets. Available trading pairs are converted to USD for comparison.

A venue’s dominance is its NIM trading volume divided by the total for the selected venues in the same interval. It is a share of tracked volume, not all NIM trading worldwide, and says nothing about an exchange’s reserves. CoinEx is available as a historical comparison and is excluded from the default selection. View exchange dominance →

Whale Tracker follows large on-chain movements. Trader Tracker follows changes associated with the trader leaderboard. Exchange-flow alerts add context about transfers involving labeled exchange addresses.

A transfer to an exchange is not proof of a sale, and a withdrawal is not proof of a purchase. Labels and inferred routes can change. Alerts are information to investigate, not trading instructions. Flow Alerts access requires Elite eligibility. View Flow Alerts →

Source outages, gaps in historical coverage and address attribution can affect results. A recent page refresh does not necessarily mean every underlying observation is equally recent.

If a value looks wrong, send the chart URL, date range and a brief description through Contact. Include a screenshot if it helps.