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	$1.63T	18,822×	—	18,822×	—	374.39×	$3.58M	0.01%	—	—	0.0%
2	EthereumETH	$290.68B	1,400×	3,930×	1,400×	3,930×	5.92×	$565,496	0.07%	0.03%	—	0.0%
3	BNBBNB	$95.80B	373.1×	3,731×	373.1×	3,731×	—	—	0.27%	0.03%	—	0.0%
4	XRPXRP	$82.72B	—	—	—	—	2,706,444×	—	0.00%	—	—	58.4%
5	SolanaSOL	$61.15B	185.3×	1,494×	199.9×	1,612×	10.33×	—	0.54%	0.07%	—	7.9%
6	TRONTRX	$31.17B	108.2×	108.2×	108.2×	108.2×	5.67×	—	0.92%	0.92%	—	0.0%
7	ZcashZEC	$20.36B	17,307×	—	17,309×	—	7,188×	—	0.01%	—	—	0.0%
8	HyperliquidHYPE	$17.18B	2,642×	2,642×	11,345×	11,345×	7.16×	—	0.04%	0.04%	—	329.5%
9	DogecoinDOGE	$12.27B	46,770×	—	46,775×	—	7,034×	—	0.00%	—	—	0.0%
10	ChainlinkLINK	$9.12B	172.2×	176.1×	224.5×	229.6×	4.62×	—	0.58%	0.57%	0.57%	30.4%
11	CardanoADA	$7.97B	4,743×	23,719×	5,682×	28,414×	131.11×	—	0.02%	0.00%	—	19.8%
12	NEAR ProtocolNEAR	$6.42B	2,396×	3,423×	2,396×	3,423×	27.51×	—	0.04%	0.03%	—	0.0%
13	StellarXLM	$6.19B	11,004×	11,004×	15,620×	15,620×	26.02×	—	0.01%	0.01%	—	42.0%
14	RainRAIN	$6.10B	1,845,020×	—	2,965,212×	—	396.66×	—	0.00%	0.00%	0.00%	60.7%
15	Bitcoin CashBCH	$5.51B	197,735×	—	197,737×	—	1,040×	—	0.00%	—	—	0.0%
16	Ethena USDeUSDE	$4.65B	—	—	—	—	1,518×	—	0.00%	—	—	0.0%
17	LitecoinLTC	$4.54B	24,703×	—	24,704×	—	4,728×	—	0.00%	—	—	0.0%
18	UniswapUNI	$4.37B	3.5×	43.4×	5.0×	61.7×	1.07×	—	28.43%	2.30%	2.30%	42.0%
19	CantonCC	$4.07B	7.0×	7.0×	7.0×	7.0×	338.55×	—	14.28%	14.28%	—	0.0%
20	AvalancheAVAX	$4.05B	729.7×	729.7×	773.5×	773.5×	7.16×	—	0.14%	0.14%	—	6.0%
21	SuiSUI	$4.02B	1,612×	6,129×	3,915×	14,883×	8.12×	—	0.06%	0.02%	—	142.8%
22	Gram (prev. Toncoin)GRAM	$3.75B	4,378×	8,757×	8,146×	16,294×	78.83×	—	0.02%	0.01%	—	86.1%
23	HederaHBAR	$3.50B	15,570×	—	17,683×	—	107.00×	—	0.01%	—	—	13.6%
24	Tether GoldXAUT	$3.27B	241.4×	241.4×	246.9×	246.9×	1.09×	—	0.41%	0.41%	—	2.3%
25	BittensorTAO	$2.91B	—	—	—	—	98,966×	—	—	—	—	85.2%
26	CronosCRO	$2.87B	—	—	—	—	21.01×	—	0.00%	—	—	95.1%
27	EthenaENA	$2.65B	13.1×	4,334×	14.7×	4,849×	0.52×	—	7.63%	0.02%	—	11.9%
28	BitwayBTW	$2.60B	559.6×	2,106×	3,716×	13,983×	70.68×	—	0.18%	0.05%	—	564.1%
29	OKBOKB	$2.32B	4,426×	4,426×	4,426×	4,426×	14.55×	—	0.02%	0.02%	—	0.0%
30	AaveAAVE	$2.25B	5.0×	37.5×	5.1×	38.9×	0.13×	—	20.14%	2.67%	—	3.6%
31	OndoONDO	$2.07B	29.1×	—	59.8×	—	2.23×	—	3.44%	—	—	105.4%
32	WorldcoinWLD	$2.02B	7,470×	—	19,556×	—	47.16×	$107,001	0.01%	—	—	161.8%
33	MantleMNT	$1.76B	15,577×	15,577×	29,339×	29,339×	17.21×	$1.40M	0.01%	0.01%	—	88.3%
34	World Liberty FinancialWLFI	$1.74B	12.0×	12.0×	37.9×	37.9×	—	—	8.30%	8.30%	—	214.7%
35	MorphoMORPHO	$1.59B	5.9×	—	8.4×	—	0.14×	—	16.92%	—	—	42.3%
36	Internet ComputerICP	$1.52B	694.6×	694.6×	694.6×	694.6×	181.72×	—	0.14%	0.14%	—	0.0%
37	Bitget TokenBGB	$1.32B	29,250×	39,478×	37,937×	51,202×	15.34×	—	0.00%	0.00%	—	29.7%
38	Venice TokenVVV	$1.26B	112.1×	112.1×	187.3×	187.3×	—	—	0.89%	0.89%	0.89%	67.1%
39	ArbitrumARB	$1.25B	147.6×	148.3×	214.2×	215.2×	0.85×	$2,186	0.68%	0.67%	—	45.1%
40	Ethereum ClassicETC	$1.22B	144,585×	—	144,585×	—	15,411×	—	0.00%	—	—	0.0%
41	GateGT	$1.04B	225,483×	—	251,871×	—	333.91×	—	0.00%	—	—	11.7%
42	KuCoinKCS	$1.02B	—	—	—	—	1,279×	—	0.00%	—	—	1.8%
43	JupiterJUP	$1.02B	5.3×	18.7×	10.9×	38.6×	0.44×	—	19.04%	5.35%	2.67%	106.7%
44	AlgorandALGO	$970.36M	146,832×	146,832×	146,834×	146,834×	29.36×	—	0.00%	0.00%	—	0.0%
45	POL (ex-MATIC)POL	$959.43M	36.8×	36.9×	36.8×	36.9×	1.39×	$964.99	2.71%	2.71%	—	0.0%
46	RenderRENDER	$923.55M	154.4×	154.4×	158.8×	158.8×	—	—	0.65%	0.65%	0.62%	2.8%
47	Cosmos HubATOM	$918.68M	36,487×	—	36,487×	—	6,760×	—	0.00%	—	—	0.0%
48	LighterLIT	$892.73M	12.7×	15.0×	50.9×	60.1×	1.10×	—	7.86%	6.65%	3.80%	300.0%
49	NEXONEXO	$812.45M	—	—	—	—	2.63×	—	—	—	—	0.0%
50	InjectiveINJ	$807.72M	273.0×	273.0×	273.0×	273.0×	63.72×	—	0.37%	0.37%	—	0.0%
51	FilecoinFIL	$801.56M	850.7×	850.7×	1,992×	1,992×	289.57×	—	0.12%	0.12%	—	134.1%
52	LayerZeroZRO	$705.72M	211.4×	322.0×	528.5×	805.0×	0.05×	—	0.47%	0.31%	0.33%	150.0%
53	XDC NetworkXDC	$684.48M	87,871×	—	167,690×	—	307.45×	—	0.00%	—	—	90.8%
54	AptosAPT	$670.99M	401.3×	401.3×	549.9×	549.9×	16.05×	—	0.25%	0.25%	—	37.0%
55	DashDASH	$654.10M	81,360×	—	81,360×	—	8,345×	—	0.00%	—	—	0.0%
56	Ether.fiETHFI	$631.53M	4.4×	14.3×	4.4×	14.3×	0.12×	—	22.58%	6.98%	—	0.0%
57	StacksSTX	$621.35M	1,163×	—	1,163×	—	8.36×	—	0.09%	—	—	0.0%
58	VeChainVET	$600.82M	—	—	—	—	452.99×	—	—	—	—	0.0%
59	FlareFLR	$548.46M	2,156×	—	2,632×	—	2.98×	—	0.05%	—	—	22.1%
60	RaydiumRAY	$500.13M	1.7×	10.2×	3.5×	21.0×	0.42×	—	59.56%	9.81%	5.91%	105.6%
61	StableSTABLE	$457.54M	—	—	—	—	16.07×	—	—	—	—	455.6%
62	Virtuals ProtocolVIRTUAL	$427.93M	94.4×	312.9×	143.4×	475.2×	—	—	1.06%	0.32%	—	51.9%
63	StarknetSTRK	$416.78M	126.4×	127.9×	169.5×	171.4×	2.59×	$68,064	0.79%	0.78%	—	34.1%
64	Provenance BlockchainHASH	$392.44M	80.4×	—	128.8×	—	2.85×	—	1.24%	—	—	60.1%
65	SeiSEI	$386.13M	10,726×	10,726×	15,930×	15,930×	12.45×	—	0.01%	0.01%	—	48.5%
66	BitTorrentBTT	$361.55M	—	—	—	—	2,329×	—	—	—	—	2.5%
67	PendlePENDLE	$358.00M	27.3×	27.7×	44.2×	44.9×	0.16×	—	3.67%	3.61%	2.80%	61.9%
68	PlasmaXPL	$346.75M	1,876×	1,876×	4,137×	4,137×	0.63×	—	0.05%	0.05%	—	120.6%
69	Falcon FinanceFF	$343.58M	145.0×	—	433.9×	—	0.21×	—	0.69%	—	—	199.1%
70	TezosXTZ	$333.28M	6,944×	11,217×	7,069×	11,421×	16.67×	—	0.01%	0.01%	—	1.8%
71	Lido DAOLDO	$316.94M	0.5×	8.5×	0.6×	10.3×	0.01×	—	190.94%	11.73%	8.37%	20.5%
72	Sun TokenSUN	$315.28M	29.6×	660.4×	30.7×	683.7×	0.47×	—	3.37%	0.15%	0.11%	3.5%
73	GnosisGNO	$296.27M	3,851×	—	4,377×	—	3.20×	—	0.03%	—	—	13.7%
74	Collector CryptCARDS	$294.65M	1.3×	1.3×	2.9×	2.9×	—	—	76.18%	76.18%	0.62%	122.8%
75	OlympusOHM	$294.51M	167.1×	167.1×	221.7×	221.7×	—	—	0.60%	0.60%	—	32.7%
76	ConfluxCFX	$272.91M	—	—	—	—	43.54×	—	—	—	—	0.0%
77	BackpackBP	$261.03M	—	—	—	—	0.47×	—	—	—	—	300.0%
78	The GraphGRT	$258.37M	1,171×	—	1,242×	—	—	—	0.09%	—	—	6.1%
79	KaiaKAIA	$249.00M	3,954×	5,101×	3,954×	5,101×	32.53×	—	0.03%	0.02%	—	0.0%
80	Terra Luna ClassicLUNC	$248.51M	—	—	—	—	274.92×	—	—	—	—	16.8%
81	MonadMON	$247.23M	48.5×	57.0×	413.3×	485.2×	0.25×	—	2.06%	1.75%	—	751.4%
82	Ethereum Name ServiceENS	$231.40M	92.6×	92.6×	219.1×	219.1×	—	—	1.08%	1.08%	—	136.5%
83	Convex FinanceCVX	$227.70M	7.7×	20.2×	8.3×	21.6×	0.39×	—	12.97%	4.96%	4.70%	7.3%
84	FLOKIFLOKI	$226.59M	—	—	—	—	18.75×	—	—	—	—	0.0%
85	GRX ChainGRX	$223.30M	—	—	—	—	28.20×	—	0.00%	—	—	5.1%
86	EigenCloud (prev. EigenLayer)EIGEN	$214.53M	43.4×	—	82.5×	—	0.03×	—	2.31%	—	—	90.2%
87	THORChainRUNE	$209.19M	771.0×	771.0×	830.5×	830.5×	6.47×	—	0.13%	0.13%	—	7.7%
88	IOTAIOTA	$209.18M	—	—	—	—	136.24×	—	—	—	—	6.6%
89	SonicS	$202.16M	2,495×	2,495×	2,495×	2,495×	11.05×	—	0.04%	0.04%	—	0.0%
90	Theta NetworkTHETA	$194.76M	—	—	—	—	604.80×	—	—	—	—	0.0%
91	MeteoraMET	$187.11M	0.4×	3.1×	0.6×	5.5×	0.66×	—	276.51%	32.67%	4.39%	78.5%
92	ZamaZAMA	$186.23M	—	—	—	—	1.59×	—	—	—	—	343.6%
93	Axie InfinityAXS	$176.02M	108.1×	111.3×	166.2×	171.1×	—	—	0.93%	0.90%	—	53.8%
94	PonsPONS	$170.13M	0.5×	3.3×	0.5×	3.3×	—	—	203.60%	30.38%	35.27%	0.0%
95	BeamBEAM	$159.12M	—	—	—	—	122.00×	—	0.00%	—	—	14.0%
96	SwissBorgBORG	$158.42M	—	—	—	—	0.15×	—	—	—	—	0.0%
97	VaultaA	$156.88M	—	—	—	—	3.57×	—	—	—	—	25.4%
98	DoubleZero2Z	$155.07M	43.0×	999.7×	82.5×	1,918×	2.13×	—	2.33%	0.10%	0.00%	91.9%
99	NEONEO	$153.89M	—	—	—	—	156.79×	—	—	—	—	41.8%
100	MXMX	$150.28M	—	—	—	—	0.03×	—	—	—	—	345.4%
101	AnvilANVL	$147.63M	—	—	—	—	8.86×	—	—	—	—	13.5%
102	ZKsyncZK	$146.81M	974.4×	974.4×	1,857×	1,857×	10.44×	$38,543	0.10%	0.10%	—	90.6%
103	ChilizCHZ	$140.35M	2,705×	—	2,705×	—	102.46×	—	0.04%	—	—	0.0%
104	0G0G	$138.42M	—	—	—	—	37.78×	—	—	—	—	64.0%
105	RailgunRAIL	$138.11M	30.7×	30.7×	30.7×	30.7×	1.23×	—	3.25%	3.25%	2.82%	0.0%
106	ApeCoinAPE	$136.30M	734.7×	—	734.7×	—	48.74×	—	0.14%	—	—	0.0%
107	ImmutableIMX	$130.89M	15,262×	—	33,748×	—	12.15×	—	0.01%	—	—	121.1%
108	1INCH1INCH	$127.65M	193.3×	876.1×	206.2×	935.0×	40.43×	—	0.52%	0.11%	—	6.7%
109	SuperVerseSUPER	$125.63M	—	—	—	—	3,257×	—	—	—	—	53.1%
110	KinetiqKNTQ	$120.77M	5.5×	34.0×	17.5×	107.9×	0.14×	—	18.19%	2.94%	1.32%	217.5%
111	GeodnetGEOD	$118.95M	11.1×	11.1×	22.3×	22.3×	—	—	9.00%	9.00%	7.20%	101.2%
112	AethirATH	$116.39M	3.2×	15.9×	6.6×	33.2×	—	—	31.45%	6.29%	—	108.7%
113	OrcaORCA	$113.79M	1.1×	8.2×	1.3×	10.1×	0.35×	—	93.61%	12.17%	4.49%	23.4%
114	PlumePLUME	$112.77M	3,354×	—	4,919×	—	49.60×	—	0.03%	—	—	46.7%
115	Reserve RightsRSR	$111.81M	87.3×	211.4×	139.5×	338.0×	2.39×	—	1.15%	0.47%	0.47%	59.9%
116	MultiversXEGLD	$110.51M	3,609×	—	3,609×	—	8.83×	—	0.03%	—	—	0.0%
117	deBridgeDBR	$109.61M	19.4×	19.4×	29.8×	29.8×	54.85×	—	5.14%	5.14%	4.44%	53.1%
118	ChutesSN64	$108.83M	969.5×	969.5×	969.5×	969.5×	2.08×	—	0.10%	0.10%	—	0.0%
119	CapCAP	$107.88M	18.4×	21,320×	117.7×	136,669×	0.50×	—	5.45%	0.00%	—	541.0%
120	edgeXEDGE	$107.56M	3.3×	4.5×	9.3×	12.9×	1.77×	—	30.57%	22.09%	7.07%	185.7%
121	PromPROM	$104.07M	7,056×	—	7,442×	—	134.36×	—	0.01%	—	—	5.5%
122	SOONSOON	$103.45M	—	—	—	—	47,457×	—	—	—	—	3,140.8%
123	SoSoValueSOSO	$102.96M	3.9×	3.9×	11.4×	11.4×	0.58×	—	25.66%	25.73%	—	192.4%
124	WalrusWAL	$100.29M	2,311×	2,311×	4,415×	4,415×	—	—	0.04%	0.04%	—	91.0%
125	dYdXDYDX	$96.56M	—	—	—	—	1.44×	—	—	—	—	13.3%
126	Nexus MutualNXM	$96.13M	46.6×	93.2×	46.6×	93.2×	0.98×	—	2.15%	1.07%	1.07%	0.0%
127	GALAGALA	$93.66M	—	—	—	—	19.44×	—	—	—	—	0.0%
128	peaqPEAQ	$92.84M	—	—	—	—	119.75×	—	0.00%	—	—	72.3%
129	WEMIXWEMIX	$90.71M	—	—	—	—	34.06×	—	—	—	—	12.2%
130	WormholeW	$88.54M	419.0×	—	628.8×	—	0.06×	—	0.24%	—	—	50.1%
131	USD.AICHIP	$88.01M	1.6×	16.4×	8.2×	82.0×	0.34×	—	60.95%	6.09%	—	400.0%
132	STONKSTONK	$84.85M	0.5×	0.5×	0.5×	0.5×	—	—	214.83%	187.94%	114.03%	0.0%
133	PharosPROS	$84.01M	—	—	—	—	1.11×	—	—	—	—	637.5%
134	GMXGMX	$80.89M	1.0×	1.4×	1.0×	1.4×	0.19×	—	97.01%	72.68%	63.64%	0.0%
135	SafeSAFE	$79.89M	112.5×	112.5×	143.6×	143.6×	—	—	0.89%	0.89%	—	27.7%
136	LivepeerLPT	$78.10M	244.3×	244.3×	244.3×	244.3×	—	—	0.41%	0.41%	0.41%	0.0%
137	NumeraireNMR	$76.50M	—	—	—	—	29,924×	—	—	—	—	47.9%
138	ADIADI	$76.18M	—	—	—	—	57.35×	—	—	—	—	10,499.4%
139	KavaKAVA	$76.09M	—	—	—	—	3.62×	—	—	—	—	0.0%
140	CoW ProtocolCOW	$75.72M	3.7×	6.5×	6.5×	11.3×	—	—	26.86%	15.47%	—	74.1%
141	Rootstock Infrastructure FrameworkRIF	$72.82M	222.9×	—	222.9×	—	0.95×	—	0.45%	—	—	0.0%
142	VeloVELO	$70.20M	45,695×	45,695×	62,439×	62,439×	972.11×	—	0.00%	0.00%	—	36.6%
143	AmpAMP	$68.66M	—	—	—	—	51.80×	—	—	—	—	11.1%
144	DiemDIEM	$68.50M	4,545×	4,545×	4,545×	4,545×	159.29×	—	0.02%	0.02%	0.02%	0.0%
145	Flying TulipFT	$67.28M	37.1×	41.9×	39.4×	44.5×	4.49×	—	2.69%	2.38%	—	6.2%
146	ZIG FinanceZIG	$66.97M	—	—	—	—	12.21×	—	—	—	—	38.7%
147	ZetaChainZETA	$66.87M	67,284×	—	85,338×	—	192.49×	—	0.00%	—	—	26.8%
148	o1.exchangeO	$65.27M	8.4×	14.2×	52.4×	89.0×	—	—	11.94%	7.02%	—	525.0%
149	LineaLINEA	$64.37M	143.0×	143.0×	417.3×	417.3×	2.73×	$13,719	0.70%	0.70%	—	191.9%
150	BabylonBABY	$63.48M	—	—	—	—	248.67×	—	0.00%	—	—	124.7%

annualisé à partir des 30 jours glissants ; capitalisation à un instant donné site calculation from CoinGecko and DeFiLlama inputs observed 22 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

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

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