GuideAPI Doc

Fee Ratio

Compare transaction fee levels to overall market valuation and price performance — revealing efficiency and maturity in the fee market.

Overview
Fee ratio metrics contextualize total fees within broader market and economic structures. The Fee-to-Market-Cap Ratio evaluates the proportion of network value paid in fees, while Fee/Price expresses transaction costs as a direct multiple of market price.

Formulas (Latex Function format)

F e e T o M a r k e t C a p R a t i o = T o t a l F e e s t M a r k e t C a p t FeeToMarketCapRatio = \frac{TotalFees_t}{MarketCap_t}
F e e P r i c e = M e a n T x F e e t P r i c e t FeePrice = \frac{MeanTxFee_t}{Price_t}

Interpretation

  • High ratio: Elevated network usage or inefficiency.

  • Low ratio: Stable operation, high scalability.

Insights
Fee ratios offer a structural perspective on network efficiency, helping identify whether increased valuation aligns with sustainable on-chain utility.

Available Metrics