---
title: "NVT"
method: GET
path: "/btc/network-indicator/nvt"
tags: ["BTC Network Indicator"]
---

# NVT

`GET /btc/network-indicator/nvt`

NVT(Network Value to Transaction) ratio is the network value(`supply_total` * `price_usd`) divided by `tokens_transferred_total`. `nvt` is a metric often used to determine whether Bitcoin price is overvalued or not. The theory behind this indicator is that the value of the token depends on how actively transactions take place on the network.  
__[Go to Data Guide‣](https://dataguide.cryptoquant.com/network-indicators/nvt-ratio)__


**📖 Data Guide:** [NVT Ratio](/data-guide/network/nvt-ratio) — definition, interpretation, and chart examples.

## Query parameters

- `window` string
- `from` string
- `to` string
- `limit` integer
- `format` string

## Response `200`

NVT(Network Value to Transaction) ratio

- object
  - `status` object, required — The status object is return with most of requests and indicates if the request was successful. If it is not successful, error information is included.
    - `code` integer, required — HTTP status code
    - `message` string, required — Text description of the error or success.
  - `result` object, required
    - `window` string, required — The size of window. This metric supports only day resolution.
    - `data` object[], required
      - `date` string — The date in YYYY-DD-MM. This optional field only appears when window=day is used.
      - `nvt` number, required — NVT(Network Value to Transaction) ratio is the network value(supply_total) divided by tokens_transferred_total.

---

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