NVT 5min
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 5min on Ethereum last read 444.47 on Aug 22, 2026, a change of +26.56% over 30 days, ranging from 35.92 (Nov 23, 2025) to 1,000.06 (Aug 16, 2026).
- Latest reading
- 444.47
- Aug 22, 2026
- Change
- 1d +127.31%
- 30d +26.56%
- 90d -12.23%
- 1y +297.67%
- Range
- Low 35.92·Nov 23, 2025
- High 1,000.06·Aug 16, 2026
- Coverage
- Jul 29, 2024 — Aug 22, 2026
- 755 readings
| Date | Value |
|---|---|
| Aug 11, 2026 | 396.51 |
| Aug 12, 2026 | 467.78 |
| Aug 13, 2026 | 470.16 |
| Aug 14, 2026 | 445.53 |
| Aug 15, 2026 | 519.58 |
| Aug 16, 2026 | 1,000.06 |
| Aug 17, 2026 | 445.98 |
| Aug 18, 2026 | 472.17 |
| Aug 19, 2026 | 238.82 |
| Aug 20, 2026 | 189.9 |
| Aug 21, 2026 | 195.54 |
| Aug 22, 2026 | 444.47 |
Read from our own stored series, not quoted from a page.