Puell Multiple
Cardano
The Puell Multiple divides daily validator issuance revenue by its 365-day average, gauging validator profitability.
Why it matters
It identifies cycle extremes from the perspective of stake pool operator income.
How it is built
Daily USD issuance value is divided by its 365-day moving average.
What to watch
Very low values mark stake pool operator stress near bottoms; very high values mark cycle-top euphoria.
Measured on this chain
Puell Multiple on Cardano last read 0.5861 on Aug 24, 2026, a change of +1,661.19% over 30 days, ranging from 0.005366 (Jun 16, 2026) to 4,376 (Apr 22, 2026).
- Latest reading
- 0.5861
- Aug 24, 2026
- Change
- 1d -45.52%
- 30d +1,661.19%
- 90d +538.09%
- 1y -31.5%
- Range
- Low 0.005366·Jun 16, 2026
- High 4,376·Apr 22, 2026
- Coverage
- Jun 16, 2024 — Aug 24, 2026
- 800 readings
| Date | Value |
|---|---|
| Aug 13, 2026 | 0.164 |
| Aug 14, 2026 | 0.2617 |
| Aug 15, 2026 | 0.02576 |
| Aug 16, 2026 | 0.03225 |
| Aug 17, 2026 | 0.2138 |
| Aug 18, 2026 | 0.1848 |
| Aug 19, 2026 | 21.12 |
| Aug 20, 2026 | 1.1 |
| Aug 21, 2026 | 1.32 |
| Aug 22, 2026 | 0.9735 |
| Aug 23, 2026 | 1.08 |
| Aug 24, 2026 | 0.5861 |
Read from our own stored series, not quoted from a page.