MVRV Ratio (Market Value to Realized Value)
Definition
The MVRV (Market Value to Realized Value) ratio compares a cryptocurrency's market cap with its realized cap — the aggregate value of all coins at the price they last moved on-chain. An MVRV above 3.0 historically signals overvaluation (potential sell zone), while below 1.0 signals undervaluation (potential buy zone). It is one of the most reliable on-chain valuation metrics and is a core component of CryptoValue's Value Score methodology.
Why Does This Matter?
Understanding MVRV Ratio (Market Value to Realized Value) is essential for anyone investing in cryptocurrencies or working with blockchain technology. This concept directly influences how projects are valued, how markets behave, and what risks and opportunities exist for investors.
How Does CryptoValue Use This?
At CryptoValue, fundamental concepts like MVRV Ratio (Market Value to Realized Value) feed into our proprietary Value Score — a rating from 0 to 100 based on 10 on-chain and market metrics. Our goal is to help you identify undervalued and overvalued coins, rather than just looking at price.