Mcap to Thermocap
Zcash
Market cap divided by thermocap.
Why it matters
It measures how much the market pays above the network's build cost.
How it is built
Aggregated per day directly from the chain's own ledger — measured, not estimated or interpolated.
What to watch
Low readings have coincided with cycle bottoms and high ones with tops — it is among the longest-memory metrics there is.
Measured on this chain
Mcap to Thermocap on Zcash last read 11.66 on Sep 22, 2026, a change of +74.59% over 30 days, ranging from 0.2181 (Oct 3, 2024) to 12.42 (Sep 21, 2026).
- Latest reading
- 11.66
- Sep 22, 2026
- Change
- 1d -6.14%
- 30d +74.59%
- 90d +235.97%
- 1y +2,620.24%
- Range
- Low 0.2181·Oct 3, 2024
- High 12.42·Sep 21, 2026
- Coverage
- Jul 15, 2024 — Sep 22, 2026
- 800 readings
| Date | Value |
|---|---|
| Sep 11, 2026 | 8.82 |
| Sep 12, 2026 | 9.22 |
| Sep 13, 2026 | 8.75 |
| Sep 14, 2026 | 9.05 |
| Sep 15, 2026 | 9.05 |
| Sep 16, 2026 | 9.81 |
| Sep 17, 2026 | 10.89 |
| Sep 18, 2026 | 11.59 |
| Sep 19, 2026 | 12.28 |
| Sep 20, 2026 | 11.48 |
| Sep 21, 2026 | 12.42 |
| Sep 22, 2026 | 11.66 |
Read from our own stored series, not quoted from a page.