NVT
Ethereum
The Network Value to Transactions (NVT) ratio divides ETH'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 Ethereum last read 170.44 on Aug 24, 2026, a change of -78.54% over 30 days, ranging from 35.95 (Nov 23, 2025) to 1,001.12 (Aug 16, 2026).
- Latest reading
- 170.44
- Aug 24, 2026
- Change
- 1d -68.09%
- 30d -78.54%
- 90d -44.6%
- 1y +7.68%
- Range
- Low 35.95·Nov 23, 2025
- High 1,001.12·Aug 16, 2026
- Coverage
- Jul 29, 2024 — Aug 24, 2026
- 757 readings
| Date | Value |
|---|---|
| Aug 13, 2026 | 470.65 |
| Aug 14, 2026 | 445.99 |
| Aug 15, 2026 | 520.12 |
| Aug 16, 2026 | 1,001.12 |
| Aug 17, 2026 | 446.44 |
| Aug 18, 2026 | 472.66 |
| Aug 19, 2026 | 239.06 |
| Aug 20, 2026 | 190.09 |
| Aug 21, 2026 | 195.74 |
| Aug 22, 2026 | 444.93 |
| Aug 23, 2026 | 534.2 |
| Aug 24, 2026 | 170.44 |
Read from our own stored series, not quoted from a page.