Valorisation

Ratios de valorisation

Des ratios standardisés entre la valeur d'un actif et ce qu'il produit. Ils sont construits de la même manière pour chaque actif afin de permettre la comparaison — mais ce ne sont pas des multiples actions, et les différences ne sont pas cosmétiques.

Lisez ceci avant le tableau. Un token n'est pas une action. Il n'existe pas d'entité consolidée, pas de comptes audités, et aucun droit exécutoire sur un flux de frais. La répartition des frais d'un protocole est un choix de gouvernance qui peut être modifié par un vote. La market cap dépend d'un chiffre d'offre en circulation qui est souvent autodéclaré. Chaque ratio ici est une vérification d'échelle entre deux chiffres publiés — rien de plus, et jamais une affirmation qu'un actif est bon marché ou cher. La piste de valorisation explique chacun en détail →

Tout Layer 1 Layer 2 DeFi Stablecoins Liquid staking Exchange tokens Real-world assets Oracles Bridges Privacy Payments AI & DePIN Gaming & NFT Meme Wrapped Infrastructure Autre

#	Actif	Market cap	MC / frais	MC / revenus	FDV / frais	FDV / revenus	MC / TVL	MC par adresse	Rendement des frais	Rendement des revenus	Rendement des détenteurs	Dilution à venir
1	BitcoinBTC	$1.66T	18,565×	—	18,565×	—	375.02×	$3.42M	0.01%	—	—	0.0%
2	EthereumETH	$298.28B	1,364×	3,839×	1,364×	3,839×	5.91×	$626,301	0.07%	0.03%	—	0.0%
3	BNBBNB	$96.67B	369.1×	3,691×	369.1×	3,691×	—	—	0.27%	0.03%	—	0.0%
4	XRPXRP	$83.48B	—	—	—	—	2,717,042×	—	0.00%	—	—	58.4%
5	SolanaSOL	$62.53B	183.3×	1,490×	197.8×	1,608×	10.45×	—	0.55%	0.07%	—	7.9%
6	TRONTRX	$31.44B	109.5×	109.5×	109.5×	109.5×	5.70×	—	0.91%	0.91%	—	0.0%
7	ZcashZEC	$20.44B	14,182×	—	14,183×	—	7,305×	—	0.01%	—	—	0.0%
8	HyperliquidHYPE	$17.69B	2,603×	2,603×	11,178×	11,178×	17.12×	—	0.04%	0.04%	—	329.5%
9	DogecoinDOGE	$12.64B	45,392×	—	45,393×	—	7,096×	—	0.00%	—	—	0.0%
10	ChainlinkLINK	$9.37B	170.1×	174.0×	221.8×	226.9×	4.68×	—	0.59%	0.57%	0.57%	30.4%
11	CardanoADA	$8.34B	4,705×	23,529×	5,638×	28,190×	132.02×	—	0.02%	0.00%	—	19.8%
12	NEAR ProtocolNEAR	$6.38B	2,299×	3,284×	2,299×	3,284×	28.37×	—	0.04%	0.03%	—	0.0%
13	RainRAIN	$6.38B	1,720,712×	—	2,771,581×	—	385.82×	—	0.00%	0.00%	0.00%	61.1%
14	StellarXLM	$6.33B	10,856×	10,856×	15,417×	15,417×	26.29×	—	0.01%	0.01%	—	42.0%
15	Bitcoin CashBCH	$5.58B	200,353×	—	200,354×	—	1,045×	—	0.00%	—	—	0.0%
16	Ethena USDeUSDE	$4.68B	—	—	—	—	1,525×	—	0.00%	—	—	0.3%
17	LitecoinLTC	$4.66B	24,475×	—	24,476×	—	4,776×	—	0.00%	—	—	0.0%
18	UniswapUNI	$4.57B	3.4×	42.2×	4.9×	59.9×	1.07×	—	29.21%	2.37%	2.37%	42.0%
19	AvalancheAVAX	$4.27B	719.4×	719.4×	762.6×	762.6×	7.21×	—	0.14%	0.14%	—	6.0%
20	CantonCC	$4.23B	7.0×	7.0×	7.0×	7.0×	349.22×	—	14.23%	14.23%	—	0.0%
21	SuiSUI	$4.17B	1,519×	5,488×	3,688×	13,326×	8.45×	—	0.07%	0.02%	—	142.8%
22	Gram (prev. Toncoin)GRAM	$3.80B	4,409×	8,818×	8,206×	16,413×	78.57×	—	0.02%	0.01%	—	86.1%
23	HederaHBAR	$3.68B	15,294×	—	17,369×	—	110.94×	—	0.01%	—	—	13.6%
24	Tether GoldXAUT	$3.33B	243.7×	243.7×	249.2×	249.2×	1.10×	—	0.41%	0.41%	—	2.3%
25	BittensorTAO	$3.07B	—	—	—	—	99,185×	—	—	—	—	85.2%
26	CronosCRO	$2.91B	—	—	—	—	20.99×	—	0.00%	—	—	95.1%
27	BitwayBTW	$2.66B	529.2×	1,996×	3,514×	13,257×	69.31×	—	0.19%	0.05%	—	564.1%
28	EthenaENA	$2.56B	12.4×	4,082×	13.9×	4,567×	0.49×	—	8.04%	0.02%	—	11.9%
29	OKBOKB	$2.41B	4,468×	4,468×	4,468×	4,468×	15.27×	—	0.02%	0.02%	—	0.0%
30	AaveAAVE	$2.34B	5.0×	37.9×	5.1×	39.3×	0.13×	—	20.16%	2.64%	—	3.7%
31	OndoONDO	$2.18B	30.0×	—	61.7×	—	2.22×	—	3.33%	—	—	105.4%
32	WorldcoinWLD	$2.15B	7,454×	—	19,528×	—	47.98×	$127,334	0.01%	—	—	162.0%
33	MantleMNT	$1.76B	14,286×	14,286×	26,908×	26,908×	17.11×	$410,640	0.01%	0.01%	—	88.3%
34	World Liberty FinancialWLFI	$1.71B	11.5×	11.5×	36.3×	36.3×	—	—	8.66%	8.66%	—	214.7%
35	MorphoMORPHO	$1.68B	6.4×	—	9.1×	—	0.16×	—	15.72%	—	—	42.4%
36	Internet ComputerICP	$1.60B	708.0×	708.0×	708.0×	708.0×	187.85×	—	0.14%	0.14%	—	0.0%
37	Bitget TokenBGB	$1.32B	24,907×	32,250×	32,304×	41,828×	17.45×	—	0.00%	0.00%	—	29.7%
38	ArbitrumARB	$1.30B	162.4×	163.2×	235.6×	236.8×	0.97×	$9,028	0.62%	0.61%	—	45.1%
39	Ethereum ClassicETC	$1.25B	132,941×	—	132,941×	—	10,147×	—	0.00%	—	—	0.0%
40	Venice TokenVVV	$1.23B	100.9×	100.9×	168.6×	168.6×	—	—	0.99%	0.99%	0.99%	67.1%
41	GateGT	$1.06B	215,073×	—	240,243×	—	328.67×	—	0.00%	—	—	11.7%
42	JupiterJUP	$1.04B	4.8×	16.8×	9.9×	34.7×	0.41×	—	20.80%	5.96%	2.98%	106.7%
43	KuCoinKCS	$1.03B	—	—	—	—	1,258×	—	0.00%	—	—	1.8%
44	AlgorandALGO	$1.02B	147,729×	147,729×	147,730×	147,730×	30.01×	—	0.00%	0.00%	—	0.0%
45	POL (ex-MATIC)POL	$1.00B	36.3×	36.3×	36.3×	36.3×	1.46×	$1,968	2.76%	2.75%	—	0.0%
46	RenderRENDER	$957.59M	162.8×	162.8×	167.4×	167.4×	—	—	0.61%	0.61%	0.58%	2.8%
47	Cosmos HubATOM	$936.00M	37,409×	—	37,410×	—	6,752×	—	0.00%	—	—	0.0%
48	FilecoinFIL	$867.38M	1,031×	1,031×	2,413×	2,413×	294.54×	—	0.10%	0.10%	—	134.1%
49	InjectiveINJ	$855.87M	290.2×	290.2×	290.2×	290.2×	59.66×	—	0.34%	0.34%	—	0.0%
50	NEXONEXO	$814.52M	—	—	—	—	2.63×	—	—	—	—	0.0%
51	LighterLIT	$783.64M	11.1×	13.5×	44.6×	54.0×	1.10×	—	8.97%	7.41%	4.08%	300.0%
52	LayerZeroZRO	$766.62M	218.7×	319.5×	546.9×	798.9×	0.05×	—	0.46%	0.31%	0.33%	150.0%
53	AptosAPT	$711.49M	403.2×	403.2×	552.6×	552.6×	15.89×	—	0.25%	0.25%	—	37.0%
54	Ether.fiETHFI	$675.37M	4.4×	14.3×	4.4×	14.3×	0.12×	—	22.81%	7.01%	—	0.0%
55	XDC NetworkXDC	$642.47M	81,197×	—	154,954×	—	306.51×	—	0.00%	—	—	90.8%
56	DashDASH	$641.90M	79,299×	—	79,299×	—	8,621×	—	0.00%	—	—	0.0%
57	StacksSTX	$640.78M	1,153×	—	1,153×	—	8.62×	—	0.09%	—	—	0.0%
58	VeChainVET	$599.46M	—	—	—	—	442.77×	—	—	—	—	0.0%
59	FlareFLR	$560.03M	2,146×	—	2,620×	—	3.07×	—	0.05%	—	—	22.1%
60	RaydiumRAY	$542.23M	1.5×	9.1×	3.1×	18.7×	0.43×	—	66.47%	10.99%	6.55%	105.6%
61	StableSTABLE	$469.24M	—	—	—	—	15.59×	—	—	—	—	455.6%
62	Virtuals ProtocolVIRTUAL	$443.35M	91.0×	301.6×	138.2×	458.0×	—	—	1.10%	0.33%	—	51.9%
63	Provenance BlockchainHASH	$441.41M	86.8×	—	139.2×	—	3.23×	—	1.15%	—	—	60.3%
64	StarknetSTRK	$421.87M	135.3×	136.9×	181.4×	183.5×	2.73×	$148,648	0.74%	0.73%	—	34.1%
65	SeiSEI	$415.17M	10,302×	10,302×	15,300×	15,300×	12.79×	—	0.01%	0.01%	—	48.5%
66	PendlePENDLE	$370.82M	25.8×	26.2×	41.8×	42.4×	0.16×	—	3.88%	3.82%	2.97%	61.9%
67	Falcon FinanceFF	$356.96M	137.9×	—	412.4×	—	0.20×	—	0.73%	—	—	199.1%
68	BitTorrentBTT	$355.08M	—	—	—	—	2,255×	—	—	—	—	2.5%
69	PlasmaXPL	$352.75M	1,712×	1,712×	3,775×	3,775×	0.61×	—	0.06%	0.06%	—	120.6%
70	TezosXTZ	$350.14M	7,261×	11,433×	7,393×	11,640×	16.58×	—	0.01%	0.01%	—	1.8%
71	Lido DAOLDO	$334.85M	0.5×	8.5×	0.6×	10.2×	0.01×	—	192.44%	11.83%	8.39%	20.5%
72	Sun TokenSUN	$318.18M	28.6×	622.3×	29.6×	644.3×	0.48×	—	3.50%	0.16%	0.11%	3.5%
73	GnosisGNO	$302.44M	3,905×	—	4,438×	—	3.25×	—	0.03%	—	—	13.7%
74	Collector CryptCARDS	$298.23M	1.5×	1.5×	3.2×	3.2×	—	—	67.51%	67.51%	0.44%	118.7%
75	OlympusOHM	$293.74M	165.9×	165.9×	220.2×	220.2×	—	—	0.60%	0.60%	—	32.7%
76	ConfluxCFX	$283.37M	—	—	—	—	43.19×	—	—	—	—	0.0%
77	BackpackBP	$272.21M	—	—	—	—	0.48×	—	—	—	—	300.0%
78	KaiaKAIA	$269.63M	4,115×	5,331×	4,115×	5,331×	33.68×	—	0.02%	0.02%	—	0.0%
79	The GraphGRT	$266.67M	1,119×	—	1,188×	—	—	—	0.09%	—	—	6.1%
80	Terra Luna ClassicLUNC	$258.91M	—	—	—	—	273.12×	—	—	—	—	16.8%
81	MonadMON	$250.83M	46.5×	54.6×	395.9×	464.9×	0.25×	—	2.15%	1.83%	—	751.4%
82	FLOKIFLOKI	$235.17M	—	—	—	—	18.65×	—	—	—	—	0.0%
83	Ethereum Name ServiceENS	$235.14M	90.9×	90.9×	214.9×	214.9×	—	—	1.10%	1.10%	—	136.5%
84	EigenCloud (prev. EigenLayer)EIGEN	$233.05M	46.7×	—	88.9×	—	0.04×	—	2.14%	—	—	90.4%
85	IOTAIOTA	$218.84M	—	—	—	—	129.94×	—	—	—	—	6.6%
86	SonicS	$218.52M	2,542×	2,542×	2,542×	2,542×	11.43×	—	0.04%	0.04%	—	0.0%
87	THORChainRUNE	$217.07M	716.2×	716.2×	771.4×	771.4×	6.07×	—	0.14%	0.14%	—	7.7%
88	Theta NetworkTHETA	$214.05M	—	—	—	—	595.16×	—	—	—	—	0.0%
89	Convex FinanceCVX	$211.89M	6.7×	17.4×	7.2×	18.7×	0.34×	—	14.87%	5.73%	5.43%	7.3%
90	ZamaZAMA	$189.14M	—	—	—	—	1.41×	—	—	—	—	344.7%
91	MeteoraMET	$188.32M	0.3×	2.8×	0.6×	5.1×	0.67×	—	300.93%	35.35%	4.44%	78.5%
92	PonsPONS	$184.34M	0.4×	2.9×	0.4×	2.9×	—	—	228.75%	34.34%	35.13%	0.0%
93	Axie InfinityAXS	$182.71M	105.5×	108.5×	162.3×	166.9×	—	—	0.95%	0.92%	—	53.8%
94	AnvilANVL	$175.36M	—	—	—	—	10.27×	—	—	—	—	13.5%
95	MXMX	$167.78M	—	—	—	—	0.03×	—	—	—	—	345.4%
96	ZKsyncZK	$164.97M	987.3×	987.3×	1,881×	1,881×	11.07×	$64,249	0.10%	0.10%	—	90.6%
97	SwissBorgBORG	$160.82M	—	—	—	—	0.16×	—	—	—	—	0.0%
98	VaultaA	$159.99M	—	—	—	—	3.47×	—	—	—	—	25.4%
99	NEONEO	$158.81M	—	—	—	—	157.01×	—	—	—	—	41.8%
100	BeamBEAM	$157.11M	—	—	—	—	121.88×	—	0.00%	—	—	14.0%
101	DoubleZero2Z	$155.22M	42.7×	961.5×	82.1×	1,848×	2.09×	—	2.34%	0.10%	0.00%	92.2%
102	GRX ChainGRX	$152.26M	—	—	—	—	21.62×	—	0.00%	—	—	5.1%
103	ApeCoinAPE	$145.65M	759.4×	—	759.4×	—	49.75×	—	0.13%	—	—	0.0%
104	ChilizCHZ	$145.54M	2,893×	—	2,893×	—	104.28×	—	0.03%	—	—	0.0%
105	0G0G	$140.26M	—	—	—	—	37.62×	—	—	—	—	65.8%
106	ImmutableIMX	$139.26M	15,692×	—	34,699×	—	12.47×	—	0.01%	—	—	121.1%
107	RailgunRAIL	$138.12M	27.9×	27.9×	27.9×	27.9×	1.15×	—	3.58%	3.58%	2.08%	0.0%
108	1INCH1INCH	$131.29M	178.7×	813.1×	190.7×	867.7×	40.60×	—	0.56%	0.12%	—	6.7%
109	GeodnetGEOD	$126.76M	11.4×	11.4×	22.9×	22.9×	—	—	8.78%	8.78%	7.02%	101.2%
110	SuperVerseSUPER	$124.27M	—	—	—	—	2,897×	—	—	—	—	53.1%
111	Reserve RightsRSR	$120.85M	86.0×	207.8×	137.5×	332.3×	2.47×	—	1.16%	0.48%	0.48%	59.9%
112	PlumePLUME	$120.23M	3,362×	—	5,089×	—	48.45×	—	0.03%	—	—	51.4%
113	deBridgeDBR	$119.53M	19.9×	19.9×	30.4×	30.4×	58.89×	—	5.03%	5.03%	4.17%	53.1%
114	MultiversXEGLD	$115.16M	3,449×	—	3,449×	—	8.88×	—	0.03%	—	—	0.0%
115	AethirATH	$113.49M	3.0×	14.8×	6.2×	30.8×	—	—	33.86%	6.77%	—	108.7%
116	ChutesSN64	$110.55M	961.0×	961.0×	961.0×	961.0×	2.07×	—	0.10%	0.10%	—	0.0%
117	OrcaORCA	$107.12M	1.0×	7.7×	1.2×	9.5×	0.36×	—	99.82%	12.98%	4.79%	23.4%
118	KinetiqKNTQ	$107.07M	4.8×	28.1×	15.1×	89.1×	0.12×	—	21.02%	3.56%	1.50%	217.5%
119	CapCAP	$105.01M	18.0×	21,292×	115.7×	136,488×	0.47×	—	5.54%	0.00%	—	541.0%
120	edgeXEDGE	$103.60M	2.9×	4.0×	8.3×	11.4×	1.72×	—	34.51%	25.00%	7.26%	185.7%
121	WalrusWAL	$103.47M	2,205×	2,205×	4,213×	4,213×	—	—	0.05%	0.05%	—	91.0%
122	SOONSOON	$101.59M	—	—	—	—	47,762×	—	—	—	—	3,140.8%
123	GALAGALA	$100.90M	—	—	—	—	19.96×	—	—	—	—	0.0%
124	SoSoValueSOSO	$100.61M	3.8×	3.8×	11.0×	11.0×	0.56×	—	26.55%	26.62%	—	192.4%
125	dYdXDYDX	$100.01M	—	—	—	—	1.37×	—	—	—	—	13.3%
126	Nexus MutualNXM	$98.21M	46.5×	93.0×	46.5×	93.0×	0.99×	—	2.15%	1.07%	1.07%	0.0%
127	peaqPEAQ	$96.89M	—	—	—	—	117.66×	—	0.00%	—	—	72.4%
128	PromPROM	$94.48M	5,957×	—	6,283×	—	131.16×	—	0.02%	—	—	5.5%
129	WEMIXWEMIX	$91.14M	—	—	—	—	33.82×	—	—	—	—	12.2%
130	STONKSTONK	$90.55M	0.3×	0.4×	0.3×	0.4×	—	—	286.78%	252.41%	151.86%	0.0%
131	USD.AICHIP	$90.08M	1.6×	16.4×	8.2×	82.0×	0.34×	—	60.99%	6.10%	—	400.0%
132	WormholeW	$87.53M	392.3×	—	589.0×	—	0.06×	—	0.25%	—	—	50.1%
133	GMXGMX	$86.74M	1.1×	1.5×	1.1×	1.5×	0.20×	—	90.44%	65.92%	56.91%	0.0%
134	SafeSAFE	$83.76M	134.2×	134.2×	171.4×	171.4×	—	—	0.75%	0.75%	—	27.7%
135	LivepeerLPT	$83.35M	247.2×	247.2×	247.2×	247.2×	—	—	0.40%	0.40%	0.40%	0.0%
136	PharosPROS	$82.20M	—	—	—	—	1.18×	—	—	—	—	637.5%
137	NumeraireNMR	$81.20M	—	—	—	—	30,912×	—	—	—	—	47.9%
138	CoW ProtocolCOW	$77.61M	3.2×	5.6×	5.5×	9.7×	—	—	31.47%	17.87%	—	74.1%
139	ADIADI	$77.57M	—	—	—	—	57.89×	—	—	—	—	10,499.4%
140	KavaKAVA	$76.74M	—	—	—	—	3.70×	—	—	—	—	0.0%
141	Rootstock Infrastructure FrameworkRIF	$76.53M	219.1×	—	219.1×	—	0.94×	—	0.46%	—	—	0.0%
142	AmpAMP	$73.25M	—	—	—	—	54.97×	—	—	—	—	11.1%
143	VeloVELO	$71.89M	43,309×	43,309×	59,179×	59,179×	985.21×	—	0.00%	0.00%	—	36.6%
144	ZIG FinanceZIG	$69.14M	—	—	—	—	12.19×	—	—	—	—	38.7%
145	DiemDIEM	$68.32M	4,086×	4,086×	4,086×	4,086×	143.19×	—	0.02%	0.02%	0.02%	0.0%
146	ZetaChainZETA	$68.28M	—	—	—	—	191.01×	—	0.00%	—	—	26.8%
147	o1.exchangeO	$68.09M	7.7×	13.1×	47.9×	82.1×	—	—	13.05%	7.62%	—	525.0%
148	ALEOALEO	$67.90M	—	—	—	—	36.30×	—	—	—	—	38.9%
149	Flying TulipFT	$67.74M	37.3×	42.1×	39.6×	44.7×	4.61×	—	2.68%	2.38%	—	6.2%
150	LineaLINEA	$67.61M	141.9×	141.9×	414.3×	414.3×	2.81×	$13,523	0.70%	0.70%	—	191.9%

annualisé à partir des 30 jours glissants ; capitalisation à un instant donné site calculation from CoinGecko and DeFiLlama inputs observed 20 Oct 2026 07:04 UTC

Ce qu'est chaque ratio, et où il atteint ses limites

Market Cap / Annualized Fees Compares a token's market value with the fees users paid to the network over a year. Providers disagree on what a fee is: priority tips and maximal extractable value are counted by some and excluded by others, and front-end interface fees taken by a separate company are usually invisible entirely. Assets that charge almost… annualized from trailing 30 days

Market Cap / Annualized Revenue Market value divided by the share of yearly fees the protocol keeps rather than paying out. The split between fees and revenue is a modeling choice, not an observation, and providers draw it in different places for the same protocol, so two reputable sites can differ by a multiple on the same token. The cost of earning that… annualized from trailing 30 days

FDV / Annualized Fees Like the market cap version, but values every token that will ever exist at today's price. There is no single definition of fully diluted supply: some providers use the coded maximum, some use current total supply, and some use supply after all published vesting completes, so the same token can carry three different FDVs. Assets… annualized from trailing 30 days

FDV / Annualized Revenue Fully diluted market value divided by the yearly fee income the protocol retains. Both inputs are estimates, so the errors compound: a provider that defines fully diluted supply generously and revenue narrowly will report a multiple several times another provider's for the identical protocol. Projects still distributing… annualized from trailing 30 days

Market Cap / TVL Compares a token's market value with the value of assets currently deposited in its contracts. Total value locked double-counts routinely: ether staked through a liquid staking provider produces a receipt token, which is deposited into a lending market, borrowed against, and redeposited, and each leg can be counted. Because it is… point-in-time

FDV / TVL Fully diluted market value divided by the value of assets deposited in the protocol. It inherits every problem of both inputs at once: recursive double-counting in deposits and an undefined or provider-specific diluted supply. Protocols that attracted deposits with token emissions are the common case here, and those same… point-in-time

Market Cap per Active Address Market value divided by the number of addresses that sent or received anything recently. Addresses are not users in either direction: one person can generate an unlimited number of addresses for free, while a single exchange deposit address can serve millions of customers whose trades never touch the chain. Rollups, batching… point-in-time value over trailing 30 days of activity

Fee Yield Total yearly fees paid by users, expressed as a percentage of the token's market value. Gross fees include amounts that never accrue to the protocol or to token holders in any form, so a high figure can coexist with a protocol that retains nothing. Fees paid to validators or liquidity providers are compensation for a cost… annualized from trailing 30 days

Network Revenue Yield Yearly protocol revenue expressed as a percentage of the token's market value. Nothing is distributed in the great majority of cases, so the figure describes revenue that stays with a treasury, with validators, or is destroyed by a burn mechanism rather than paid out. Where value does reach holders it arrives as… annualized from trailing 30 days

Holder Revenue Yield The share of fee income that actually reaches token holders, as a percentage of market value. A burn reaches holders only as a proportional supply reduction, and it can be entirely offset by issuance elsewhere in the same protocol, which this figure does not net off. Fee distributions to stakers are received only by tokens that are… annualized from trailing 30 days

Dilution overhang How much larger fully diluted valuation is than market capitalization. Fully diluted valuation prices tokens that do not yet trade at the price of tokens that do, which is an assumption, not a measurement. For assets with very long emission schedules the arithmetic is close to meaningless. point-in-time

NVT (Network Value to Transactions) Network value divided by the daily value moved on-chain, smoothed over about three months. The denominator counts change outputs, self-transfers, and exchange rebalancing as settlement, and the adjustment heuristics used to remove them differ enough between providers that NVT values from two sites are not comparable. The measure… point-in-time value over a smoothed 90-day denominator

Ratios de valorisation

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