Test version of the original ChainMetrics frontend.
Experimental recovery charts. Values are unvalidated and historical recalculation is still in progress. Early backfill is pending.
Browse the complete recovery metric catalog
Accounting date: 2020-03-18 UTC · Height: 622126
API checked: 2026-11-14 09:35:37 UTC. Legacy release dates and tier labels are historical copy.
Experimental recovery charts. Values are unvalidated and historical recalculation is still in progress. Early backfill is pending.
Browse the complete recovery metric catalog
Accounting date: 2020-03-18 UTC · Height: 622126
API checked: 2026-11-14 09:35:37 UTC. Legacy release dates and tier labels are historical copy.
Market Cap to Thermocap Ratio
Verification: unknown
Unavailable: legacy metric has no reviewed mapping to the recovery API.
Recovery methodology: No verified API mapping for this legacy metric.
Unit: · Preview data, independently unvalidated.
Data coverage: —. No sample values or legacy database fallback.
Metric description: The Market Cap to Thermocap Ratio is simply defined as Market cap / Thermocap, and can be used to assess if the asset's price is currently trading at a premium with respect to total security spend by miners. The ratio is adjusted to account for the increasing circulating supply over time.