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	$1.65T	18,188×	—	18,188×	—	376.24×	$3.41M	0.01%	—	—	0.0%
2	EthereumETH	$295.94B	1,335×	3,747×	1,335×	3,747×	5.95×	$659,614	0.07%	0.03%	—	0.0%
3	BNBBNB	$96.13B	369.3×	3,693×	369.3×	3,693×	—	—	0.27%	0.03%	—	0.0%
4	XRPXRP	$82.15B	—	—	—	—	2,712,598×	—	0.00%	—	—	58.4%
5	SolanaSOL	$61.48B	179.7×	1,499×	193.9×	1,617×	10.35×	—	0.56%	0.07%	—	7.9%
6	TRONTRX	$31.65B	109.4×	109.4×	109.4×	109.4×	5.69×	—	0.91%	0.91%	—	0.0%
7	ZcashZEC	$19.53B	12,110×	—	12,111×	—	7,497×	—	0.01%	—	—	0.0%
8	HyperliquidHYPE	$17.59B	2,483×	2,483×	10,663×	10,663×	17.14×	—	0.04%	0.04%	—	329.5%
9	DogecoinDOGE	$12.47B	44,973×	—	44,975×	—	7,134×	—	0.00%	—	—	0.0%
10	ChainlinkLINK	$9.24B	139.3×	141.4×	181.7×	184.3×	4.87×	—	0.72%	0.71%	0.71%	30.4%
11	CardanoADA	$8.31B	4,906×	24,530×	5,878×	29,389×	131.28×	—	0.02%	0.00%	—	19.8%
12	RainRAIN	$6.60B	1,849,253×	—	2,978,624×	—	396.85×	—	0.00%	0.00%	0.00%	61.1%
13	NEAR ProtocolNEAR	$6.57B	2,435×	3,479×	2,435×	3,479×	28.28×	—	0.04%	0.03%	—	0.0%
14	StellarXLM	$6.28B	10,875×	10,875×	15,447×	15,447×	26.17×	—	0.01%	0.01%	—	42.0%
15	Bitcoin CashBCH	$5.58B	195,957×	—	195,957×	—	1,045×	—	0.00%	—	—	0.0%
16	Ethena USDeUSDE	$4.68B	—	—	—	—	1,534×	—	0.00%	—	—	-0.1%
17	LitecoinLTC	$4.61B	24,501×	—	24,501×	—	4,801×	—	0.00%	—	—	0.0%
18	UniswapUNI	$4.55B	3.1×	39.2×	4.4×	55.7×	1.16×	—	32.07%	2.55%	2.55%	42.0%
19	AvalancheAVAX	$4.37B	749.3×	749.3×	794.4×	794.4×	7.44×	—	0.13%	0.13%	—	6.0%
20	CantonCC	$4.10B	7.0×	7.0×	7.0×	7.0×	352.66×	—	14.29%	14.29%	—	0.0%
21	SuiSUI	$4.08B	1,498×	5,057×	3,638×	12,279×	8.35×	—	0.07%	0.02%	—	142.8%
22	Gram (prev. Toncoin)GRAM	$3.83B	4,402×	8,803×	8,196×	16,392×	77.68×	—	0.02%	0.01%	—	86.2%
23	HederaHBAR	$3.79B	14,890×	—	16,910×	—	110.96×	—	0.01%	—	—	13.6%
24	BitwayBTW	$3.56B	589.1×	2,281×	3,913×	15,151×	78.31×	—	0.17%	0.04%	—	564.1%
25	Tether GoldXAUT	$3.36B	223.6×	223.6×	228.7×	228.7×	1.10×	—	0.45%	0.45%	—	2.3%
26	BittensorTAO	$3.07B	—	—	—	—	5.67×	—	—	—	—	85.2%
27	CronosCRO	$2.88B	—	—	—	—	21.01×	—	0.00%	—	—	95.1%
28	EthenaENA	$2.56B	10.0×	3,561×	11.1×	3,985×	0.51×	—	10.05%	0.03%	—	11.9%
29	OKBOKB	$2.43B	4,539×	4,539×	4,539×	4,539×	15.63×	—	0.02%	0.02%	—	0.0%
30	AaveAAVE	$2.37B	5.1×	39.3×	5.3×	40.7×	0.13×	—	19.44%	2.55%	—	3.7%
31	OndoONDO	$2.16B	33.0×	—	67.8×	—	2.31×	—	3.03%	—	—	105.4%
32	WorldcoinWLD	$1.89B	7,163×	—	18,771×	—	48.59×	$367,791	0.01%	—	—	162.1%
33	World Liberty FinancialWLFI	$1.81B	12.2×	12.2×	38.2×	38.2×	—	—	8.23%	8.23%	—	214.7%
34	MantleMNT	$1.74B	13,370×	13,370×	25,182×	25,182×	18.43×	$579,902	0.01%	0.01%	—	88.3%
35	MorphoMORPHO	$1.69B	6.3×	—	9.0×	—	0.15×	—	15.88%	—	—	42.6%
36	Internet ComputerICP	$1.64B	754.8×	754.8×	754.8×	754.8×	189.44×	—	0.13%	0.13%	—	0.0%
37	Bitget TokenBGB	$1.32B	24,551×	31,881×	31,949×	41,487×	17.73×	—	0.00%	0.00%	—	30.1%
38	ArbitrumARB	$1.27B	152.7×	153.4×	221.5×	222.6×	0.93×	$12,485	0.66%	0.65%	—	45.1%
39	Venice TokenVVV	$1.10B	96.7×	96.7×	161.9×	161.9×	—	—	1.03%	1.03%	1.03%	67.4%
40	GateGT	$1.05B	220,209×	—	245,982×	—	334.80×	—	0.00%	—	—	11.7%
41	KuCoinKCS	$1.03B	—	—	—	—	1,315×	—	0.00%	—	—	1.8%
42	AlgorandALGO	$1.02B	151,177×	151,177×	151,178×	151,178×	29.62×	—	0.00%	0.00%	—	0.0%
43	POL (ex-MATIC)POL	$984.80M	35.5×	35.6×	35.5×	35.6×	1.48×	$2,422	2.82%	2.81%	—	0.0%
44	JupiterJUP	$973.55M	4.7×	16.0×	9.8×	33.1×	0.41×	—	21.13%	6.25%	3.12%	106.7%
45	RenderRENDER	$965.06M	260.2×	260.2×	267.6×	267.6×	—	—	0.38%	0.38%	0.37%	2.8%
46	Cosmos HubATOM	$913.21M	37,155×	—	37,156×	—	6,806×	—	0.00%	—	—	0.0%
47	FilecoinFIL	$891.33M	1,205×	1,205×	2,823×	2,823×	297.25×	—	0.08%	0.08%	—	134.3%
48	InjectiveINJ	$863.66M	307.4×	307.4×	307.4×	307.4×	59.89×	—	0.33%	0.33%	—	0.0%
49	NEXONEXO	$812.14M	—	—	—	—	2.61×	—	—	—	—	0.0%
50	LighterLIT	$786.52M	11.2×	13.6×	44.9×	54.3×	1.09×	—	8.91%	7.36%	4.15%	300.0%
51	LayerZeroZRO	$760.64M	219.1×	336.4×	547.7×	841.1×	0.07×	—	0.46%	0.30%	0.33%	150.0%
52	StacksSTX	$707.14M	1,176×	—	1,176×	—	7.79×	—	0.09%	—	—	0.0%
53	AptosAPT	$703.40M	434.7×	434.7×	595.7×	595.7×	16.65×	—	0.23%	0.23%	—	37.0%
54	StableSTABLE	$691.25M	—	—	—	—	24.13×	—	—	—	—	266.5%
55	XDC NetworkXDC	$670.97M	81,713×	—	155,939×	—	306.84×	—	0.00%	—	—	90.8%
56	Ether.fiETHFI	$661.44M	4.4×	14.3×	4.4×	14.3×	0.12×	—	22.76%	7.00%	—	0.0%
57	DashDASH	$629.35M	74,504×	—	74,507×	—	8,591×	—	0.00%	—	—	0.0%
58	VeChainVET	$581.40M	—	—	—	—	443.70×	—	—	—	—	0.0%
59	FlareFLR	$570.24M	2,221×	—	2,712×	—	3.16×	—	0.05%	—	—	22.1%
60	RaydiumRAY	$492.87M	1.3×	7.6×	2.6×	15.7×	0.42×	—	79.10%	13.12%	7.78%	105.6%
61	StarknetSTRK	$483.97M	164.8×	166.7×	217.1×	219.6×	3.35×	$157,284	0.61%	0.60%	—	31.7%
62	Virtuals ProtocolVIRTUAL	$433.50M	84.1×	278.9×	127.7×	423.5×	—	—	1.19%	0.36%	—	51.9%
63	SeiSEI	$423.94M	11,356×	11,356×	16,865×	16,865×	13.78×	—	0.01%	0.01%	—	48.5%
64	Provenance BlockchainHASH	$387.85M	89.0×	—	142.9×	—	2.62×	—	1.12%	—	—	60.6%
65	PendlePENDLE	$360.62M	26.5×	26.9×	42.9×	43.5×	0.16×	—	3.78%	3.72%	2.89%	61.9%
66	PlasmaXPL	$359.10M	1,769×	1,769×	3,901×	3,901×	0.67×	—	0.06%	0.06%	—	120.6%
67	Falcon FinanceFF	$348.76M	124.9×	—	373.7×	—	0.21×	—	0.80%	—	—	199.1%
68	BitTorrentBTT	$342.84M	—	—	—	—	2,183×	—	—	—	—	2.5%
69	TezosXTZ	$330.49M	7,528×	11,901×	7,665×	12,117×	17.14×	—	0.01%	0.01%	—	1.8%
70	Lido DAOLDO	$324.62M	0.5×	8.5×	0.6×	10.3×	0.01×	—	190.84%	11.76%	8.27%	20.5%
71	Sun TokenSUN	$318.48M	27.9×	601.8×	28.9×	623.1×	0.48×	—	3.58%	0.17%	0.12%	3.5%
72	GnosisGNO	$300.67M	3,782×	—	4,298×	—	3.23×	—	0.03%	—	—	13.7%
73	OlympusOHM	$293.15M	164.6×	164.6×	218.4×	218.4×	—	—	0.61%	0.61%	—	32.7%
74	ConfluxCFX	$280.40M	—	—	—	—	44.15×	—	—	—	—	0.0%
75	KaiaKAIA	$277.38M	4,286×	5,613×	4,286×	5,613×	34.55×	—	0.02%	0.02%	—	0.0%
76	The GraphGRT	$264.32M	1,269×	—	1,347×	—	—	—	0.08%	—	—	6.1%
77	BackpackBP	$262.29M	—	—	—	—	0.44×	—	—	—	—	300.0%
78	Terra Luna ClassicLUNC	$260.74M	—	—	—	—	274.68×	—	—	—	—	16.8%
79	MonadMON	$256.37M	48.3×	56.8×	411.3×	483.9×	0.27×	—	2.07%	1.76%	—	751.4%
80	EigenCloud (prev. EigenLayer)EIGEN	$245.93M	52.9×	—	100.7×	—	0.04×	—	1.89%	—	—	90.4%
81	Collector CryptCARDS	$245.59M	1.3×	1.3×	2.9×	2.9×	—	—	75.51%	75.51%	0.43%	118.7%
82	Ethereum Name ServiceENS	$235.83M	84.6×	84.6×	200.1×	200.1×	—	—	1.18%	1.18%	—	136.5%
83	FLOKIFLOKI	$228.53M	—	—	—	—	18.73×	—	—	—	—	0.0%
84	IOTAIOTA	$216.58M	—	—	—	—	127.03×	—	—	—	—	6.6%
85	GRX ChainGRX	$213.83M	—	—	—	—	24.25×	—	0.00%	—	—	5.1%
86	THORChainRUNE	$210.74M	707.9×	707.9×	762.6×	762.6×	6.05×	—	0.14%	0.14%	—	7.7%
87	SonicS	$205.34M	2,496×	2,496×	2,496×	2,496×	11.00×	—	0.04%	0.04%	—	0.0%
88	Theta NetworkTHETA	$193.64M	—	—	—	—	622.68×	—	—	—	—	0.0%
89	MeteoraMET	$193.29M	0.3×	2.9×	0.6×	5.1×	0.73×	—	296.92%	34.77%	4.05%	78.6%
90	PonsPONS	$190.92M	0.4×	2.8×	0.4×	2.8×	—	—	238.06%	36.00%	32.53%	0.0%
91	ZamaZAMA	$184.76M	—	—	—	—	1.44×	—	—	—	—	344.8%
92	Axie InfinityAXS	$181.24M	110.8×	114.0×	170.4×	175.3×	—	—	0.90%	0.88%	—	53.8%
93	Convex FinanceCVX	$180.94M	6.2×	16.0×	6.7×	17.2×	0.31×	—	16.05%	6.24%	5.92%	7.3%
94	VaultaA	$177.68M	—	—	—	—	3.93×	—	—	—	—	25.5%
95	MXMX	$177.30M	—	—	—	—	0.03×	—	—	—	—	345.4%
96	AnvilANVL	$176.95M	—	—	—	—	8.28×	—	—	—	—	13.5%
97	SwissBorgBORG	$164.29M	—	—	—	—	0.16×	—	—	—	—	0.0%
98	ZKsyncZK	$162.12M	1,023×	1,023×	1,987×	1,987×	11.84×	$48,327	0.10%	0.10%	—	94.1%
99	DoubleZero2Z	$161.53M	47.5×	1,018×	91.5×	1,961×	2.33×	—	2.11%	0.10%	0.00%	92.7%
100	NEONEO	$158.74M	—	—	—	—	161.82×	—	—	—	—	41.8%
101	RailgunRAIL	$150.51M	32.7×	32.7×	32.7×	32.7×	1.36×	—	3.06%	3.06%	1.76%	0.0%
102	ChilizCHZ	$147.00M	3,141×	—	3,141×	—	108.18×	—	0.03%	—	—	0.0%
103	BeamBEAM	$146.67M	—	—	—	—	119.69×	—	0.00%	—	—	14.0%
104	ApeCoinAPE	$144.54M	773.0×	—	773.0×	—	50.04×	—	0.13%	—	—	0.0%
105	ImmutableIMX	$142.13M	17,073×	—	37,753×	—	13.11×	—	0.01%	—	—	121.1%
106	0G0G	$141.23M	—	—	—	—	38.18×	—	—	—	—	66.0%
107	1INCH1INCH	$130.42M	162.5×	752.4×	173.4×	802.9×	41.12×	—	0.62%	0.13%	—	6.7%
108	Reserve RightsRSR	$126.52M	84.1×	210.0×	134.5×	335.7×	2.58×	—	1.19%	0.48%	0.48%	59.9%
109	SuperVerseSUPER	$126.08M	—	—	—	—	3,009×	—	—	—	—	53.1%
110	PlumePLUME	$121.72M	3,713×	—	5,621×	—	51.50×	—	0.03%	—	—	51.4%
111	GeodnetGEOD	$116.67M	10.5×	10.5×	21.2×	21.2×	—	—	9.48%	9.48%	7.58%	101.2%
112	CapCAP	$114.35M	19.1×	22,220×	122.6×	142,435×	0.52×	—	5.23%	0.00%	—	541.0%
113	deBridgeDBR	$112.44M	17.8×	17.8×	30.0×	30.0×	54.77×	—	5.61%	5.61%	4.40%	68.7%
114	ChutesSN64	$112.40M	1,009×	1,009×	1,009×	1,009×	2.09×	—	0.10%	0.10%	—	0.0%
115	AethirATH	$111.32M	3.1×	15.3×	6.4×	31.9×	—	—	32.70%	6.54%	—	108.7%
116	MultiversXEGLD	$111.10M	3,333×	—	3,333×	—	8.97×	—	0.03%	—	—	0.0%
117	OrcaORCA	$109.96M	1.0×	7.8×	1.2×	9.6×	0.38×	—	98.94%	12.86%	4.75%	23.4%
118	WalrusWAL	$107.35M	2,348×	2,348×	4,485×	4,485×	—	—	0.04%	0.04%	—	91.0%
119	SOONSOON	$103.70M	—	—	—	—	48,739×	—	—	—	—	3,140.7%
120	edgeXEDGE	$103.52M	2.7×	3.8×	7.8×	10.8×	1.79×	—	36.40%	26.38%	6.94%	185.7%
121	GALAGALA	$100.11M	—	—	—	—	24.20×	—	—	—	—	0.0%
122	dYdXDYDX	$99.90M	—	—	—	—	1.49×	—	—	—	—	13.3%
123	KinetiqKNTQ	$99.86M	4.1×	23.5×	13.1×	74.7×	0.10×	—	24.28%	4.25%	1.72%	217.5%
124	SoSoValueSOSO	$99.54M	3.6×	3.6×	10.6×	10.6×	0.58×	—	27.61%	27.65%	—	192.4%
125	Nexus MutualNXM	$97.68M	52.7×	105.3×	52.7×	105.3×	0.99×	—	1.90%	0.95%	0.95%	0.0%
126	peaqPEAQ	$94.71M	—	—	—	—	123.40×	—	0.00%	—	—	72.7%
127	WormholeW	$91.84M	406.2×	—	610.1×	—	0.06×	—	0.25%	—	—	50.2%
128	PromPROM	$91.15M	5,682×	—	5,993×	—	126.17×	—	0.02%	—	—	5.5%
129	GMXGMX	$90.90M	1.1×	1.6×	1.1×	1.6×	0.20×	—	88.69%	62.29%	52.74%	0.0%
130	WEMIXWEMIX	$90.80M	—	—	—	—	34.41×	—	—	—	—	12.2%
131	USD.AICHIP	$85.84M	1.7×	16.8×	8.4×	83.9×	0.35×	—	59.59%	5.96%	—	400.0%
132	SafeSAFE	$85.08M	117.3×	117.3×	149.8×	149.8×	—	—	0.85%	0.85%	—	27.7%
133	NumeraireNMR	$84.54M	—	—	—	—	34,430×	—	—	—	—	47.9%
134	LivepeerLPT	$83.71M	259.2×	259.2×	259.2×	259.2×	—	—	0.39%	0.39%	0.39%	0.0%
135	PharosPROS	$82.85M	—	—	—	—	1.20×	—	—	—	—	637.5%
136	STONKSTONK	$81.71M	0.3×	0.3×	0.3×	0.3×	—	—	339.49%	295.24%	177.74%	0.0%
137	ADIADI	$78.09M	—	—	—	—	58.56×	—	—	—	—	10,499.4%
138	Rootstock Infrastructure FrameworkRIF	$77.73M	223.1×	—	223.1×	—	0.98×	—	0.45%	—	—	0.0%
139	ALEOALEO	$77.45M	—	—	—	—	43.53×	—	—	—	—	39.5%
140	KavaKAVA	$76.31M	—	—	—	—	3.68×	—	—	—	—	0.0%
141	CoW ProtocolCOW	$74.67M	3.1×	5.6×	5.5×	9.8×	—	—	31.84%	17.78%	—	74.1%
142	ZIG FinanceZIG	$72.33M	—	—	—	—	17.45×	—	—	—	—	38.7%
143	VeloVELO	$71.81M	43,610×	43,610×	59,590×	59,590×	1,010×	—	0.00%	0.00%	—	36.6%
144	ZetaChainZETA	$70.07M	—	—	—	—	190.70×	—	0.00%	—	—	26.8%
145	o1.exchangeO	$69.97M	7.2×	12.5×	44.8×	78.2×	—	—	13.95%	7.99%	—	525.0%
146	Flying TulipFT	$67.49M	38.7×	43.4×	41.1×	46.1×	4.74×	—	2.59%	2.30%	—	6.2%
147	LineaLINEA	$67.36M	143.4×	143.4×	418.6×	418.6×	2.94×	$26,883	0.70%	0.70%	—	191.9%
148	QubicQUBIC	$66.44M	—	—	—	—	1,164×	—	—	—	—	24.0%
149	AmpAMP	$64.20M	—	—	—	—	55.04×	—	—	—	—	11.1%
150	SushiSUSHI	$63.22M	9.0×	16.9×	9.1×	17.1×	0.64×	—	11.16%	5.93%	0.17%	1.7%

trailing 30 दिनों से annualized; पूंजीकरण point-in-time site calculation from CoinGecko and DeFiLlama inputs observed 17 Oct 2026 07:03 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

जानें

परिचय

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