NVTAdj
NVT, adjusted

Definition

The ratio of the network value (or market capitalization, current supply) divided by the adjusted transfer value. Also referred to as NVT.

Dictionary

IDCategorySubcategoryTypeUnitInterval
NVTAdjValuationValuationRatioDimensionless1 day

Details

Resource history

Interpretation

NVT has been much discussed; in short, it compares market capitalization to on-chain transactional usage. Blockchains with high usage relative to market cap have a higher NVT. In this sense it can be understood as the opposite of velocity. Due to structural dissimilarities in blockchain usage modes, NVTs among all assets are not directly comparable. Our formulation employs adjusted transaction volume, as we understand this to be a purer measure of the actual usage of the chain.

Availability for assets

AssetAvailable in Community tierAvailable in Pro tier
1INCH
AAVE
ADA
ALPHA
ANT
BAL
BAT
BCH
BNB
BNB_MAINNET
BSV
BTC
BTG
BUSD
COMP
CRO
CRV
CVC
DAI
DASH
DCR
DGB
DGX
DOGE
DOT
DRGN
ELF
ENG
EOS_ETH
ETC
ETH
ETHOS
FTT
FUN
FXC
GAS
GNO
GNT
GUSD
HBTC
HEDG
HT
HUSD
KCS
KNC
LEND
LEO_EOS
LEO_ETH
LINK
LOOM
LSK
LTC
MAID
MANA
MCO
MKR
NEO
NXM
OMG
PAX
PAXG
PAY
PIVX
POLY
POWR
PPT
QASH
REN
RENBTC
REP
SAI
SNT
SNX
SRM
SUSHI
SWRV
TRX_ETH
TUSD
UMA
UNI
USDC
USDK
USDT
USDT_ETH
USDT_TRX
VTC
WAVES
WBTC
WETH
WNXM
WTC
XAUT
XEM
XLM
XRP
XTZ
XVG
YFI
ZEC
ZRX