InflationRate_nominal
Tech spec
| Field | Value |
|---|---|
| API name (slug) | inflationrate_nominal |
| Group | cointime statistics |
| Unit / Valuetype | percent / other |
| Shape | scalar |
| Resolutions | block, h1, h4, h8, h12, d1 |
| Endpoints | /v2/cointime_statistics |
| Tier | 0 |
| Last updated | 2025-08-25 18:30 UTC |
| Docs | Open in Swagger |
Brief Description: The rate at which new Bitcoins are added to the circulating supply.
InflationRate_nominal quantifies the annualized rate of Bitcoin issuance relative to the total circulating supply. As the total circulating supply increases, and the reward for miners decreases, this rate declines over time, contributing to Bitcoin's scarcity.
Advanced Explanation
Bitcoin's issuance model (newly minted coins) is pre-defined in its protocol, making the InflationRate_nominal predictable and diminishing over time.
This decrease happens through the halving event, which occurs approximately every four years, cutting the Bitcoin reward for miners in half.
InflationRate_nominal = Annualized Issuance / Circulating Supply
Cointime Economics is a new framework for Bitcoin onchain analysis published by James Check and David Puell. References: https://ark-invest.com/white-papers/cointime-economics/ and https://insights.glassnode.com/introducing-cointime-economics/