Tokenomics & On-chain

What is the MVRV ratio in on-chain analysis?

The MVRV ratio is an on-chain metric that compares an asset's market value to its realized value, the aggregate price at which each coin last moved on-chain. It signals whether holders, in aggregate, are sitting on unrealized gains or losses. For example, an MVRV above 1 means the market price exceeds the average cost basis, while below 1 means the opposite. Analysts use it to gauge whether an asset looks historically stretched or depressed, though it is a context signal, not a forecast. At Qatobit, on-chain metrics like this feed our documented index methodology rather than standalone calls. See how our research-led indices are built.

Crypto investments are subject to market risk and volatility. Past performance is not indicative of future returns. This is general information, not investment advice — consider your own circumstances or consult a qualified adviser before investing.