GuideAPI Doc

NVT (Network Value to Transactions)

The NVT ratio compares market capitalization to on-chain transaction volume.

Overview
NVT is similar to the P/E ratio in equities — high NVT suggests overvaluation or low transaction activity, while low NVT indicates undervaluation or strong usage.

Formula

N V T = M a r k e t C a p T r a n s a c t i o n V o l u m e NVT = \frac{MarketCap}{TransactionVolume}

Interpretation

  • 📈 High NVT → speculative valuation, low transaction activity.

  • 📉 Low NVT → strong network utility and undervaluation.

Insights
Helps assess whether network value is supported by actual transactional usage.

Available Metrics