{"uid":"cap_kmlHOjE31o6XlopZA2DUP","slug":"glassnode-nvt-ratio-network-value-to-transactions-45d28f81","name":"Glassnode NVT Ratio (Network Value to Transactions)","description":"Network Value to Transactions Ratio (NVT) — Network Value to Transactions Ratio (NVT) is market cap divided by the transferred on-chain volume measured in USD. Data by Glassnode.","url":"https://x402.glassnode.com/v1/metrics/indicators/nvt","method":"GET","headers":{},"bodySchema":{"type":"object","$schema":"https://json-schema.org/draft/2020-12/schema","required":["input"],"properties":{"input":{"type":"object","required":["type","method"],"properties":{"type":{"type":"string","const":"http"},"method":{"enum":["GET"],"type":"string"},"queryParams":{"type":"object","required":["a"],"properties":{"a":{"type":"string","description":"Asset symbol, e.g. BTC, ETH"},"c":{"enum":["native"],"type":"string","description":"Currency for denominated values, e.g. usd, native"},"f":{"enum":["csv","json"],"type":"string","description":"Response format: json or csv"},"i":{"enum":["24h"],"type":"string","description":"Time interval / resolution, e.g. 24h, 1w, 1month"},"network":{"enum":["aggregated","arb","base","eth","opt"],"type":"string","description":"Network / blockchain identifier for cross-chain metrics"}}}},"additionalProperties":false},"output":{"type":"object","required":["type"],"properties":{"type":{"type":"string"},"example":{"type":"array","items":{"type":"object","properties":{"t":{"type":"number"},"v":{"type":"number"}}}}}}}},"responseSchema":null,"example":null,"exampleRequest":null,"tags":["x402"],"displayCostAmount":"0.05","displayCostAsset":"USDC","priceDynamic":false,"priceHint":null,"priceStatus":"priced","priceSource":"probe","requiresHandshake":false,"reviewCount":0,"rating":{"score":"0.00","successRate":"0.00","reviews":0,"stars":null,"state":"unrated"},"availabilityStatus":"unknown","priceObserved":null,"sessionDeposit":null,"pricing":{"kind":"static","summary":"$0.05/call","primary":{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.05","per":"call","confidence":"exact"},"accepted":[{"kind":"static","protocol":"x402","network":"base","amountUsd":"0.05","per":"call","confidence":"exact"}]},"paymentMethods":[{"uid":"pm_0-qPyxFg61d-EhL7sPySr","protocol":"x402","methodType":"crypto","chain":"base","mode":"charge","costAmount":"0.05","costPer":"request","priority":0,"asset":"0x833589fCD6eDb6E08f4c7C32D4f71b54bdA02913","unit":"request","depositMicros":null,"planRef":null}],"brandName":null,"brandSlug":null,"brandBaseUrl":null,"brandDocsUrl":null,"whatItDoes":"Returns historical daily NVT ratio (market cap divided by on-chain USD transfer volume) for a given crypto asset","exampleAgentPrompt":"Can you pull the daily NVT ratio for Bitcoin from Glassnode so I can see how the network's market cap compares to its on-chain transaction volume right now?","exampleUseCases":null,"resultDescription":"Returns a time-series array of objects, each containing a Unix timestamp (t) and the NVT ratio value (v) representing market cap divided by on-chain USD transfer volume for that day. Format is JSON by default.","failureModes":["Missing required 'a' (asset) query parameter returns 400 error","Unsupported asset symbol returns empty or error response","Payment not included or insufficient USDC triggers 402 Payment Required","Unsupported network identifier returns validation error","Rate limiting or quota exceeded returns 429"],"whenToPreferThis":"Use this endpoint when you need Glassnode's NVT ratio specifically — a classic on-chain valuation indicator showing whether a crypto network is overvalued or undervalued relative to the economic activity it processes. Prefer this over generic price APIs when doing on-chain fundamental analysis or building crypto market dashboards.","instructions":null,"reviewSummary":null,"reviewSummaryHighlights":null,"reviewSummaryConcerns":null,"reviewSummaryGeneratedAt":null,"activationCount":0,"lastUsedAt":null,"lastSuccessfullyRanAt":null,"lastHealthCheckAt":"2026-09-14T18:56:41.181Z","isFirstParty":false}