What is this?

This chart tracks the number of accepted transactions that create at least one covenant-bound output each day. A covenant binding (KIP-20) is a consensus-level field on an output that restricts how it can be spent — independent of the script opcodes used. This makes covenants distinct from introspection opcode metrics.

Growth in covenant transactions signals adoption of programmable money on Kaspa: tokens, vaults, escrows, DEX contracts, and other DeFi primitives that require enforced spending conditions.

How it's computed

Each accepted transaction is inspected for the consensus covenant binding field on its outputs. If any output carries a non-null covenant, the transaction is counted. Results are aggregated hourly for short ranges and daily for ranges exceeding 90 days.