NVT
Chainlink
The Network Value to Transactions (NVT) ratio divides LINK's market cap by its daily on-chain transfer volume.
Why it matters
It assesses whether price is justified by the economic value settled on-chain, like a price-to-earnings ratio.
How it is built
Market capitalization is divided by on-chain transaction volume, usually smoothed to reduce noise.
What to watch
High NVT warns price is rich relative to usage (froth); low NVT suggests value supported by real throughput.
Measured on this chain
NVT on Chainlink last read 306.48 on Aug 24, 2026, a change of -52.27% over 30 days, ranging from 27.01 (Apr 25, 2025) to 1,650.03 (Sep 15, 2024).
- Latest reading
- 306.48
- Aug 24, 2026
- Change
- 1d -15.93%
- 30d -52.27%
- 90d -12.61%
- 1y -8.33%
- Range
- Low 27.01·Apr 25, 2025
- High 1,650.03·Sep 15, 2024
- Coverage
- Sep 2, 2024 — Aug 24, 2026
- 722 readings
| Date | Value |
|---|---|
| Aug 13, 2026 | 185.99 |
| Aug 14, 2026 | 408.36 |
| Aug 15, 2026 | 286.97 |
| Aug 16, 2026 | 418.23 |
| Aug 17, 2026 | 247.07 |
| Aug 18, 2026 | 177.18 |
| Aug 19, 2026 | 176.28 |
| Aug 20, 2026 | 147.65 |
| Aug 21, 2026 | 120.03 |
| Aug 22, 2026 | 265.85 |
| Aug 23, 2026 | 364.56 |
| Aug 24, 2026 | 306.48 |
Read from our own stored series, not quoted from a page.