Cryp2Nova

Comparison on Chain Adjusted on Chain Volume Daily

Ethereum

The 7-day moving average of the daily USD value transferred on-chain for ETH, adjusted to exclude non-economic transfers.

Why it matters

To measure genuine settlement demand moving through the ETH network, filtering out noise like exchange-internal shuffling.

How it is built

Calculating the daily USD value of on-chain transfers after removing self-payments and change outputs, then smoothing with a seven-day rolling average.

What to watch

Sustained growth in adjusted volume points to rising real economic use of the network, while divergence from price can signal shifting fundamentals.

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