Network Indicator NVT Ratio
XRP
The Network-Value-to-Transactions ratio for XRP, market value divided by on-chain transaction volume.
Why it matters
It gauges whether XRP's valuation is justified by the economic value it settles.
How it is built
XRP market cap is divided by the US-dollar value of on-chain transaction volume.
What to watch
A high NVT suggests price is rich relative to network usage; a low NVT suggests it is well supported.