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
ADA
ANT
BAT
BCH
BNB
BNB_MAINNET
BSV
BTC
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CRO
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