1.152
The main driver above 1.0 was L1 change-adjusted volume at 1.62 times baseline – Active Entities were 1.33 times baseline while Lightning capacity remained weak at 0.75 times baseline.
The index is the geometric mean of four baseline-relative ratios – L1 used a converted single-day value because seven reliable daily values were not exposed by the exact page.
AE=192733(r=1.329193,d=[2026-08-11](tel:2026-08-11)), NZ=[56731479](tel:56731479)(r=1.090990,d=[2026-08-11](tel:2026-08-11)), LN=4024.43240203(r=0.751107,d=[2026-08-10](tel:2026-08-10)), L1=161883.14958598(r=1.618831,d=[2026-08-11](tel:2026-08-11)),
src=glassnode entities.ActiveCount – glassnode addresses.NonZeroCount – glassnode lightning.NetworkCapacitySum – glassnode transactions.TransfersVolumeAdjustedSum.
AE – Active Entities counts clustered Bitcoin senders or receivers and matters because it tracks economic-user activity rather than raw addresses.
NZ – Non-Zero Addresses counts addresses holding positive BTC balances and matters because it tracks ownership breadth.
LN – Lightning Network Capacity measures value locked in public Lightning channels and matters because it tracks payment-layer liquidity.
L1 – L1 Change-Adjusted Volume measures change-adjusted on-chain transfers and matters because it tracks economically meaningful base-layer settlement.
AE tried to open – yes – result=live – detail=exact page exposed native value 192733 in the last 24 hours – data date used 2026-08-11.
NZ tried to open – yes – result=live – detail=exact page exposed native value [56731479](tel:56731479) in the last 24 hours – data date used 2026-08-11.
LN tried to open – yes – result=converted – detail=Glassnode USD value 256424759.36 – BTCUSD 63717 from finance tool – conversion date 2026-08-12 – converted BTC value 4024.43240203 – exact page snapshot was crawled 2026-08-11 and labelled value 24 hours old – data date used 2026-08-10.
L1 tried to open – yes – result=converted – detail=Glassnode USD value 10314708642.17 – BTCUSD 63717 from finance tool – conversion date 2026-08-12 – converted BTC value 161883.14958598 – data date used 2026-08-11 – single-day used.
date,AE_ratio,NZ_ratio,LN_ratio,L1_ratio,Index,AE_status,NZ_status,LN_status,L1_status
2026-04-04,1.130648,1.079898,0.927777,0.920747,1.010587,seed,seed,seed,seed
2026-04-05,1.031807,1.080190,0.927399,0.794300,0.951892,seed,seed,seed,seed
2026-04-21,1.316869,1.083232,0.916624,2.114188,1.289436,seed,seed,seed,seed
2026-04-26,1.095945,1.084124,0.917198,1.187945,1.066674,seed,seed,seed,seed
2026-04-27,1.095945,1.084306,0.917198,1.187945,1.066719,seed,seed,seed,seed
2026-04-28,1.097959,1.084812,0.916891,1.198832,1.069680,seed,seed,seed,seed
2026-05-02,1.432779,1.084688,0.914744,2.254035,1.337938,seed,seed,seed,seed
2026-05-05,1.393407,1.083714,0.912124,2.177285,1.315953,seed,seed,seed,seed
2026-05-06,1.375400,1.081678,0.912427,2.254035,1.322578,seed,seed,seed,seed
2026-05-10,1.432779,1.084688,0.914744,2.254035,1.337938,seed,seed,seed,seed
2026-05-11,1.118552,1.080469,0.921237,2.165037,1.246024,seed,seed,seed,seed
2026-05-12,1.432779,1.080745,0.924328,0.671736,0.990220,seed,seed,seed,seed
2026-05-14,1.432779,1.080745,0.924328,0.671736,0.990220,seed,seed,seed,seed
2026-05-15,1.375400,1.080745,0.924328,0.671736,0.980162,seed,seed,seed,seed
2026-05-16,1.375400,1.080745,0.924328,0.671736,0.980162,seed,seed,seed,seed
2026-06-19,1.345807,1.087417,0.906989,1.775340,1.238984,live,live,converted,converted
2026-06-20,1.345807,1.087899,0.916609,1.457257,1.182559,live,live,converted,converted
2026-06-21,1.103703,1.088383,0.887369,1.202101,1.063946,live,live,converted,converted
2026-06-22,1.307966,1.087951,0.890780,1.206721,1.112105,live,live,converted,converted
2026-06-23,1.263628,1.088091,0.895302,1.632867,1.190697,live,live,converted,converted
2026-06-24,1.272779,1.088129,0.917172,1.656829,1.204455,live,live,converted,converted
2026-06-25,1.365179,1.088594,0.891133,2.064050,1.285818,live,live,converted,converted
2026-08-05,1.482124,1.090584,0.815359,3.207878,1.433929,live,live,converted,converted
2026-08-06,1.482124,1.089927,0.817958,2.148303,1.298007,live,live,converted,converted
2026-08-07,1.497759,1.090279,0.792200,2.541862,1.346609,live,live,converted,converted
2026-08-08,1.473221,1.090314,0.758351,1.896468,1.232846,live,live,converted,converted
2026-08-09,1.473221,1.090110,0.760025,1.900656,1.234148,live,live,converted,converted
2026-08-10,1.473221,1.090464,0.749675,0.835065,1.001424,fallback,live,converted,converted
2026-08-11,1.328552,1.090550,0.761892,1.745875,1.178237,live,live,converted,converted
2026-08-12,1.329193,1.090990,0.751107,1.618831,1.152333,live,live,converted,converted
submitted by /u/UnlikelyRise1048
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