Valuation

Valuation ratios

किसी asset की worth और उसके उत्पादन के बीच standardized अनुपात। इन्हें हर asset के लिए एक ही तरीके से बनाया गया है ताकि तुलना की जा सके — लेकिन ये equity multiples नहीं हैं, और अंतर केवल superficial नहीं है।

तालिका से पहले यह पढ़ें। Token कोई share नहीं है। कोई consolidated entity नहीं है, कोई audited accounts नहीं हैं, और किसी भी fee stream पर कोई enforceable claim नहीं है। किसी protocol का fee split एक governance choice है जिसे vote द्वारा बदला जा सकता है। Market capitalization एक circulating supply figure पर निर्भर करती है जो अक्सर self-reported होती है। यहाँ प्रत्येक ratio दो published figures के बीच एक scale check है — इससे अधिक कुछ नहीं, और कभी भी यह statement नहीं कि कोई asset सस्ता है या महंगा। valuation track प्रत्येक को ठीक से समझाता है →

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

#	Asset	Market cap	MC / fees	MC / राजस्व	FDV / fees	FDV / राजस्व	MC / TVL	MC प्रति address	Fee yield	Revenue yield	Holder yield	आगामी dilution
1	BitcoinBTC	$1.66T	18,337×	—	18,337×	—	375.85×	$3.42M	0.01%	—	—	0.0%
2	EthereumETH	$296.22B	1,334×	3,754×	1,334×	3,754×	5.93×	$692,441	0.07%	0.03%	—	0.0%
3	BNBBNB	$96.61B	369.0×	3,690×	369.0×	3,690×	—	—	0.27%	0.03%	—	0.0%
4	XRPXRP	$82.78B	—	—	—	—	2,710,608×	—	0.00%	—	—	58.4%
5	SolanaSOL	$61.77B	178.9×	1,476×	193.0×	1,592×	10.29×	—	0.56%	0.07%	—	7.9%
6	TRONTRX	$31.58B	109.7×	109.7×	109.8×	109.8×	5.68×	—	0.91%	0.91%	—	0.0%
7	ZcashZEC	$19.86B	12,548×	—	12,549×	—	7,420×	—	0.01%	—	—	0.0%
8	HyperliquidHYPE	$17.59B	2,530×	2,530×	10,864×	10,864×	17.12×	—	0.04%	0.04%	—	329.5%
9	DogecoinDOGE	$12.47B	44,490×	—	44,494×	—	7,123×	—	0.00%	—	—	0.0%
10	ChainlinkLINK	$9.33B	169.9×	173.8×	221.5×	226.7×	4.81×	—	0.59%	0.58%	0.58%	30.4%
11	CardanoADA	$8.35B	4,786×	23,934×	5,735×	28,675×	131.59×	—	0.02%	0.00%	—	19.8%
12	NEAR ProtocolNEAR	$6.65B	2,396×	3,423×	2,396×	3,423×	29.52×	—	0.04%	0.03%	—	0.0%
13	RainRAIN	$6.64B	1,919,738×	—	3,092,156×	—	398.11×	—	0.00%	0.00%	0.00%	61.1%
14	StellarXLM	$6.29B	10,788×	10,788×	15,323×	15,323×	26.61×	—	0.01%	0.01%	—	42.0%
15	Bitcoin CashBCH	$5.57B	195,300×	—	195,300×	—	1,046×	—	0.00%	—	—	0.0%
16	Ethena USDeUSDE	$4.68B	—	—	—	—	1,528×	—	0.00%	—	—	0.0%
17	LitecoinLTC	$4.61B	24,248×	—	24,248×	—	4,824×	—	0.00%	—	—	0.0%
18	UniswapUNI	$4.55B	3.2×	40.7×	4.6×	57.8×	1.16×	—	30.94%	2.46%	2.46%	42.0%
19	AvalancheAVAX	$4.34B	726.6×	726.6×	770.3×	770.3×	7.34×	—	0.14%	0.14%	—	6.0%
20	SuiSUI	$4.12B	1,466×	5,040×	3,559×	12,237×	8.26×	—	0.07%	0.02%	—	142.8%
21	CantonCC	$4.06B	6.9×	6.9×	6.9×	6.9×	347.21×	—	14.57%	14.57%	—	0.0%
22	Gram (prev. Toncoin)GRAM	$3.82B	4,411×	8,822×	8,212×	16,425×	78.41×	—	0.02%	0.01%	—	86.2%
23	HederaHBAR	$3.72B	15,772×	—	17,912×	—	115.18×	—	0.01%	—	—	13.6%
24	BitwayBTW	$3.48B	706.6×	2,725×	4,692×	18,099×	94.63×	—	0.14%	0.04%	—	564.1%
25	Tether GoldXAUT	$3.37B	245.3×	245.3×	250.9×	250.9×	1.10×	—	0.41%	0.41%	—	2.3%
26	BittensorTAO	$3.07B	—	—	—	—	57.10×	—	—	—	—	85.2%
27	CronosCRO	$2.88B	—	—	—	—	20.86×	—	0.00%	—	—	95.1%
28	EthenaENA	$2.58B	11.6×	3,628×	13.0×	4,059×	0.49×	—	8.61%	0.03%	—	11.9%
29	OKBOKB	$2.40B	4,492×	4,492×	4,492×	4,492×	15.25×	—	0.02%	0.02%	—	0.0%
30	AaveAAVE	$2.36B	5.0×	38.4×	5.2×	39.8×	0.13×	—	19.89%	2.60%	—	3.7%
31	OndoONDO	$2.13B	30.7×	—	63.1×	—	2.22×	—	3.26%	—	—	105.4%
32	WorldcoinWLD	$1.87B	6,663×	—	17,456×	—	45.73×	$362,518	0.02%	—	—	162.0%
33	World Liberty FinancialWLFI	$1.81B	12.2×	12.2×	38.3×	38.3×	—	—	8.21%	8.21%	—	214.7%
34	MantleMNT	$1.75B	13,243×	13,243×	24,943×	24,943×	18.30×	$71,426	0.01%	0.01%	—	88.3%
35	MorphoMORPHO	$1.66B	6.3×	—	9.0×	—	0.15×	—	15.81%	—	—	42.6%
36	Internet ComputerICP	$1.62B	728.4×	728.4×	728.4×	728.4×	185.72×	—	0.14%	0.14%	—	0.0%
37	Bitget TokenBGB	$1.31B	24,348×	31,559×	31,685×	41,069×	17.49×	—	0.00%	0.00%	—	30.1%
38	ArbitrumARB	$1.31B	149.2×	149.9×	216.4×	217.5×	0.90×	$12,510	0.67%	0.67%	—	45.1%
39	Ethereum ClassicETC	$1.23B	125,180×	—	125,180×	—	10,293×	—	0.00%	—	—	0.0%
40	Venice TokenVVV	$1.15B	92.7×	92.7×	155.0×	155.0×	—	—	1.08%	1.08%	1.08%	67.2%
41	KuCoinKCS	$1.05B	—	—	—	—	1,289×	—	0.00%	—	—	1.8%
42	GateGT	$1.04B	215,618×	—	240,854×	—	330.90×	—	0.00%	—	—	11.7%
43	AlgorandALGO	$1.02B	149,371×	149,371×	149,373×	149,373×	30.20×	—	0.00%	0.00%	—	0.0%
44	POL (ex-MATIC)POL	$978.28M	35.1×	35.1×	35.1×	35.1×	1.44×	$2,968	2.85%	2.85%	—	0.0%
45	JupiterJUP	$973.58M	4.5×	15.5×	9.4×	32.0×	0.39×	—	22.08%	6.46%	3.22%	106.7%
46	RenderRENDER	$945.14M	210.7×	210.7×	216.7×	216.7×	—	—	0.47%	0.47%	0.45%	2.8%
47	Cosmos HubATOM	$917.81M	36,607×	—	36,608×	—	6,859×	—	0.00%	—	—	0.0%
48	FilecoinFIL	$880.43M	1,080×	1,080×	2,530×	2,530×	298.18×	—	0.09%	0.09%	—	134.2%
49	InjectiveINJ	$852.54M	294.0×	294.0×	294.0×	294.0×	60.25×	—	0.34%	0.34%	—	0.0%
50	NEXONEXO	$804.90M	—	—	—	—	2.61×	—	—	—	—	0.0%
51	LighterLIT	$794.67M	10.6×	12.9×	42.6×	51.8×	1.06×	—	9.39%	7.73%	4.35%	300.0%
52	LayerZeroZRO	$768.45M	210.5×	317.7×	526.2×	794.4×	0.07×	—	0.48%	0.31%	0.33%	150.0%
53	AptosAPT	$690.82M	410.1×	410.1×	562.0×	562.0×	15.93×	—	0.24%	0.24%	—	37.0%
54	StacksSTX	$686.54M	1,154×	—	1,154×	—	7.59×	—	0.09%	—	—	0.0%
55	Ether.fiETHFI	$669.05M	4.3×	14.0×	4.3×	14.0×	0.12×	—	23.19%	7.12%	—	0.0%
56	XDC NetworkXDC	$659.43M	80,803×	—	154,202×	—	299.01×	—	0.00%	—	—	90.8%
57	StableSTABLE	$658.64M	—	—	—	—	23.52×	—	—	—	—	266.1%
58	DashDASH	$630.47M	74,123×	—	74,126×	—	8,573×	—	0.00%	—	—	0.0%
59	VeChainVET	$588.57M	—	—	—	—	434.91×	—	—	—	—	0.0%
60	FlareFLR	$562.19M	2,190×	—	2,674×	—	3.13×	—	0.05%	—	—	22.1%
61	RaydiumRAY	$506.89M	1.3×	7.8×	2.6×	16.0×	0.42×	—	77.74%	12.88%	7.64%	105.6%
62	StarknetSTRK	$461.71M	149.3×	151.0×	196.6×	198.9×	3.01×	$144,640	0.67%	0.66%	—	31.7%
63	Virtuals ProtocolVIRTUAL	$436.15M	86.0×	285.2×	130.7×	433.1×	—	—	1.16%	0.35%	—	51.9%
64	Provenance BlockchainHASH	$429.18M	86.5×	—	138.8×	—	2.61×	—	1.16%	—	—	60.5%
65	SeiSEI	$415.89M	10,882×	10,882×	16,162×	16,162×	13.77×	—	0.01%	0.01%	—	48.5%
66	PendlePENDLE	$357.09M	25.6×	26.0×	41.5×	42.2×	0.15×	—	3.90%	3.84%	2.98%	61.9%
67	PlasmaXPL	$354.46M	1,712×	1,712×	3,777×	3,777×	0.64×	—	0.06%	0.06%	—	120.6%
68	Falcon FinanceFF	$344.65M	129.7×	—	388.1×	—	0.20×	—	0.77%	—	—	199.1%
69	BitTorrentBTT	$344.64M	—	—	—	—	2,207×	—	—	—	—	2.5%
70	Lido DAOLDO	$331.17M	0.5×	8.2×	0.6×	9.9×	0.01×	—	197.43%	12.16%	8.56%	20.5%
71	TezosXTZ	$330.57M	7,118×	11,246×	7,247×	11,450×	16.54×	—	0.01%	0.01%	—	1.8%
72	Sun TokenSUN	$318.83M	28.0×	605.8×	28.9×	627.2×	0.48×	—	3.58%	0.17%	0.12%	3.5%
73	GnosisGNO	$302.42M	3,937×	—	4,474×	—	3.23×	—	0.03%	—	—	13.7%
74	OlympusOHM	$294.29M	164.4×	164.4×	218.1×	218.1×	—	—	0.61%	0.61%	—	32.7%
75	BackpackBP	$286.15M	—	—	—	—	0.46×	—	—	—	—	300.0%
76	ConfluxCFX	$278.50M	—	—	—	—	43.73×	—	—	—	—	0.0%
77	KaiaKAIA	$271.69M	4,266×	5,560×	4,266×	5,560×	34.03×	—	0.02%	0.02%	—	0.0%
78	The GraphGRT	$260.26M	1,125×	—	1,194×	—	—	—	0.09%	—	—	6.1%
79	Terra Luna ClassicLUNC	$257.17M	—	—	—	—	272.18×	—	—	—	—	16.8%
80	MonadMON	$253.54M	46.1×	54.2×	392.5×	461.8×	0.26×	—	2.17%	1.84%	—	751.4%
81	Collector CryptCARDS	$242.94M	1.2×	1.2×	2.6×	2.6×	—	—	83.40%	83.40%	0.50%	118.7%
82	GRX ChainGRX	$235.35M	—	—	—	—	21.79×	—	0.00%	—	—	5.1%
83	Ethereum Name ServiceENS	$232.88M	85.1×	85.1×	201.2×	201.2×	—	—	1.18%	1.18%	—	136.5%
84	EigenCloud (prev. EigenLayer)EIGEN	$229.77M	49.0×	—	93.4×	—	0.04×	—	2.04%	—	—	90.4%
85	FLOKIFLOKI	$226.16M	—	—	—	—	18.67×	—	—	—	—	0.0%
86	THORChainRUNE	$213.70M	705.1×	705.1×	759.5×	759.5×	6.04×	—	0.14%	0.14%	—	7.7%
87	IOTAIOTA	$212.53M	—	—	—	—	127.79×	—	—	—	—	6.6%
88	SonicS	$202.67M	2,374×	2,374×	2,374×	2,374×	10.88×	—	0.04%	0.04%	—	0.0%
89	Convex FinanceCVX	$191.50M	6.1×	15.9×	6.6×	17.1×	0.32×	—	16.38%	6.29%	5.96%	7.3%
90	Theta NetworkTHETA	$189.70M	—	—	—	—	611.62×	—	—	—	—	0.0%
91	MeteoraMET	$187.04M	0.3×	2.7×	0.6×	4.8×	0.68×	—	318.25%	37.29%	4.46%	78.6%
92	ZamaZAMA	$180.82M	—	—	—	—	1.39×	—	—	—	—	344.8%
93	Axie InfinityAXS	$177.48M	108.3×	111.3×	166.5×	171.2×	—	—	0.92%	0.90%	—	53.8%
94	MXMX	$177.28M	—	—	—	—	0.03×	—	—	—	—	345.4%
95	PonsPONS	$174.71M	0.4×	2.6×	0.4×	2.6×	—	—	252.61%	38.03%	34.26%	0.0%
96	AnvilANVL	$173.48M	—	—	—	—	11.44×	—	—	—	—	13.5%
97	SwissBorgBORG	$163.56M	—	—	—	—	0.16×	—	—	—	—	0.0%
98	ZKsyncZK	$160.06M	949.9×	949.9×	1,844×	1,844×	10.99×	$53,158	0.11%	0.11%	—	94.1%
99	DoubleZero2Z	$158.09M	43.2×	918.4×	83.2×	1,768×	2.22×	—	2.31%	0.11%	0.00%	92.5%
100	NEONEO	$156.31M	—	—	—	—	157.91×	—	—	—	—	41.8%
101	VaultaA	$151.90M	—	—	—	—	3.44×	—	—	—	—	25.5%
102	RailgunRAIL	$148.50M	32.6×	32.6×	32.6×	32.6×	1.35×	—	3.07%	3.07%	1.79%	0.0%
103	BeamBEAM	$146.47M	—	—	—	—	116.11×	—	0.00%	—	—	14.0%
104	ChilizCHZ	$146.39M	2,994×	—	2,994×	—	108.82×	—	0.03%	—	—	0.0%
105	ApeCoinAPE	$144.29M	741.0×	—	741.0×	—	49.81×	—	0.13%	—	—	0.0%
106	ImmutableIMX	$137.94M	16,240×	—	35,911×	—	12.65×	—	0.01%	—	—	121.1%
107	0G0G	$136.91M	—	—	—	—	37.01×	—	—	—	—	65.9%
108	1INCH1INCH	$130.74M	166.5×	770.0×	177.7×	821.8×	40.83×	—	0.60%	0.13%	—	6.7%
109	SuperVerseSUPER	$120.52M	—	—	—	—	3,041×	—	—	—	—	53.1%
110	Reserve RightsRSR	$119.05M	87.2×	215.6×	139.4×	344.7×	2.62×	—	1.15%	0.46%	0.46%	59.9%
111	PlumePLUME	$118.26M	3,518×	—	5,325×	—	49.53×	—	0.03%	—	—	51.4%
112	GeodnetGEOD	$116.42M	10.6×	10.6×	21.3×	21.3×	—	—	9.43%	9.43%	7.54%	101.2%
113	CapCAP	$112.70M	18.4×	21,659×	117.7×	138,837×	0.49×	—	5.44%	0.00%	—	541.0%
114	ChutesSN64	$111.74M	975.7×	975.7×	975.7×	975.7×	2.09×	—	0.10%	0.10%	—	0.0%
115	deBridgeDBR	$111.47M	17.7×	17.7×	29.8×	29.8×	57.54×	—	5.65%	5.65%	4.48%	68.7%
116	MultiversXEGLD	$111.30M	3,290×	—	3,290×	—	8.87×	—	0.03%	—	—	0.0%
117	OrcaORCA	$109.76M	1.0×	7.5×	1.2×	9.2×	0.37×	—	102.85%	13.37%	4.94%	23.4%
118	AethirATH	$109.35M	2.9×	14.6×	6.1×	30.4×	—	—	34.32%	6.86%	—	108.7%
119	WalrusWAL	$107.64M	2,222×	2,222×	4,244×	4,244×	—	—	0.05%	0.05%	—	91.0%
120	SOONSOON	$103.51M	—	—	—	—	48,440×	—	—	—	—	3,140.7%
121	edgeXEDGE	$101.51M	2.7×	3.7×	7.7×	10.7×	1.72×	—	36.96%	26.78%	7.27%	185.7%
122	SoSoValueSOSO	$99.27M	3.6×	3.6×	10.5×	10.5×	0.57×	—	27.83%	27.87%	—	192.4%
123	Nexus MutualNXM	$98.03M	52.2×	104.4×	52.2×	104.4×	0.99×	—	1.92%	0.96%	0.96%	0.0%
124	dYdXDYDX	$97.92M	—	—	—	—	1.41×	—	—	—	—	13.3%
125	GALAGALA	$97.34M	—	—	—	—	20.11×	—	—	—	—	0.0%
126	peaqPEAQ	$95.97M	—	—	—	—	121.30×	—	0.00%	—	—	72.4%
127	KinetiqKNTQ	$92.79M	4.2×	24.4×	13.5×	77.3×	0.11×	—	23.54%	4.10%	1.67%	217.5%
128	WEMIXWEMIX	$90.79M	—	—	—	—	33.73×	—	—	—	—	12.2%
129	GMXGMX	$90.67M	1.1×	1.6×	1.1×	1.6×	0.20×	—	88.90%	63.31%	54.01%	0.0%
130	PromPROM	$88.10M	5,608×	—	5,916×	—	128.11×	—	0.02%	—	—	5.5%
131	WormholeW	$87.83M	370.0×	—	555.8×	—	0.06×	—	0.27%	—	—	50.2%
132	PharosPROS	$86.33M	—	—	—	—	1.17×	—	—	—	—	637.5%
133	USD.AICHIP	$84.18M	1.6×	15.8×	7.9×	78.8×	0.33×	—	63.47%	6.35%	—	400.0%
134	NumeraireNMR	$81.68M	—	—	—	—	32,779×	—	—	—	—	47.9%
135	LivepeerLPT	$81.64M	248.7×	248.7×	248.7×	248.7×	—	—	0.40%	0.40%	0.40%	0.0%
136	SafeSAFE	$81.56M	136.8×	136.8×	174.6×	174.6×	—	—	0.73%	0.73%	—	27.7%
137	STONKSTONK	$79.56M	0.3×	0.3×	0.3×	0.3×	—	—	347.93%	305.28%	183.50%	0.0%
138	ALEOALEO	$79.36M	—	—	—	—	40.80×	—	—	—	—	39.3%
139	ADIADI	$77.61M	—	—	—	—	58.28×	—	—	—	—	10,499.4%
140	KavaKAVA	$76.52M	—	—	—	—	3.68×	—	—	—	—	0.0%
141	Rootstock Infrastructure FrameworkRIF	$75.05M	221.4×	—	221.4×	—	0.96×	—	0.45%	—	—	0.0%
142	CoW ProtocolCOW	$74.07M	3.1×	5.5×	5.3×	9.5×	—	—	32.66%	18.24%	—	74.1%
143	AmpAMP	$72.41M	—	—	—	—	54.56×	—	—	—	—	11.1%
144	VeloVELO	$72.38M	43,548×	43,548×	59,505×	59,505×	999.05×	—	0.00%	0.00%	—	36.6%
145	ZIG FinanceZIG	$70.44M	—	—	—	—	17.44×	—	—	—	—	38.7%
146	ZetaChainZETA	$68.73M	—	—	—	—	196.01×	—	0.00%	—	—	26.8%
147	o1.exchangeO	$68.44M	7.4×	12.8×	46.3×	80.0×	—	—	13.50%	7.81%	—	525.0%
148	Flying TulipFT	$68.26M	36.8×	41.3×	39.1×	43.9×	4.54×	—	2.72%	2.42%	—	6.2%
149	LineaLINEA	$65.86M	139.0×	139.0×	405.7×	405.7×	2.84×	$20,696	0.72%	0.72%	—	191.9%
150	DiemDIEM	$64.08M	3,762×	3,762×	3,763×	3,763×	131.85×	—	0.03%	0.03%	0.02%	0.0%

trailing 30 दिनों से annualized; पूंजीकरण point-in-time site calculation from CoinGecko and DeFiLlama inputs observed 18 Oct 2026 07:04 UTC

प्रत्येक ratio क्या है, और कहाँ टूटता है

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

Valuation ratios

प्रत्येक ratio क्या है, और कहाँ टूटता है

Assets

मूल तत्व

Valuation & risk

संस्थागत

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परिचय

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