As ETH surges 20%, Ethereum’s network-to-value ratio drops to a three-month low
As ETH rallies by over 20%, the widely-tracked network-to-value (NVT) ratio of Ethereum drops to a three-month low, indicating compelling valuations. The NVT ratio measures Ethereum’s market capitalization in relation to the value of on-chain transactions processed on the network. The seven-day average of the NVT ratio, which is calculated by dividing market capitalization by […]