NVT Ratio
Dogecoin
Market cap divided by daily transfer volume in dollars — a price-to-earnings for a network.
Why it matters
High means valuation running ahead of use; low means use running ahead of valuation.
How it is built
Aggregated per day directly from the chain's own ledger — measured, not estimated or interpolated.
What to watch
**Dogecoin's reading looks far lower than Bitcoin's** because the UTXO model counts change returned to the sender inside volume — so compare the metric against its own history, not across chains.
Measured on this chain
NVT Ratio on Dogecoin last read 7.99 on Sep 22, 2026, a change of -28.59% over 30 days, ranging from 2.44 (Mar 13, 2025) to 33.16 (Sep 7, 2024).
- Latest reading
- 7.99
- Sep 22, 2026
- Change
- 1d +24.6%
- 30d -28.59%
- 90d -28.62%
- 1y -38.16%
- Range
- Low 2.44·Mar 13, 2025
- High 33.16·Sep 7, 2024
- Coverage
- Jul 15, 2024 — Sep 22, 2026
- 800 readings
| Date | Value |
|---|---|
| Sep 11, 2026 | 10.46 |
| Sep 12, 2026 | 20.74 |
| Sep 13, 2026 | 18.25 |
| Sep 14, 2026 | 11.62 |
| Sep 15, 2026 | 13.39 |
| Sep 16, 2026 | 9.93 |
| Sep 17, 2026 | 11.3 |
| Sep 18, 2026 | 10.11 |
| Sep 19, 2026 | 12.89 |
| Sep 20, 2026 | 14.47 |
| Sep 21, 2026 | 6.41 |
| Sep 22, 2026 | 7.99 |
Read from our own stored series, not quoted from a page.