Liquid, Bitcoin`s first sidechain, went live 10 Oct 2018, taking volume off the main chain. NVTS will need recalibration.
NVTS = Network Value / 90d MA of Daily Transaction Value.
This differs from Standard NVT Ratio which is simply the Network Value divided by Daily Transaction Value, and then interpolated using forward/backward moving averages to create a smooth line.
Data for Network Value and the USD value transmitted by the blockchain via Blockchain.com. The value transmitted by the blockchain is an estimation using Blockchain.com`s undisclosed proprietary estimation method.