Price to Fees ratio
Price to Fees ratio assesses the relationship between the market capitalization (fully diluted or circulating) of a coin and the amount of fees generated by its underlying blockchain network.
The Price to Fees ratio (P/F ratio) assesses the relationship between the market capitalization (fully diluted or circulating) of a coin and the amount of fees generated by its underlying blockchain network.
P/F = Market Cap / Annualized Fees
The P/F ratio indicates how much the market is valuing the fees generated by the network.
An extremely high ratio can indicate that a coin is over-valued.
The P/F ratio & annualized fees of some cryptos:
Bitcoin: 4063x ($119 m)
Ether: 128x ($1.54 b)
BNB Chain: 301x ($218 m)
Cardano: 5234x ($3.38 m)
Dogecoin: 17576x ($725 k)
Polygon: 414x ($29 m)
Solana: 573x ($15 m)
Polkadot: 15797 ($505 k)
Litecoin: 18805x ($431 k)
Avalanche: 1887x ($8 m)
Algorand: 25660x ($100 k)
Figures are rounded off
Source: Token Terminal
Date: 8 Feb 2023