Metcalfe Ratio
Awaiting trial
Registered - formula and source fixed - and awaiting either its own admission run or its cluster representative's verdict.
What it claims to measure
User-base growth (adoption)
Definition and source
- Formula:
CapMrktCurUSD / AdrActCnt^2 - Data source:
coinmetrics-community-api(confirmed) - Signal history in the matrix: 732 weeks
Observed correlations vs tested instruments
| Versus | Spearman rho | Window | Tier |
|---|---|---|---|
| power-law | +0.381 | 732 weeks | provisional / below threshold |
| nupl | +0.344 | 732 weeks | provisional / below threshold |
| mvrv-z-score | +0.332 | 732 weeks | provisional / below threshold |
Confirmed means the correlation held at |rho| ≥ 0.85 over at least four years AND in both halves of the window independently. Anything less is reported but never used to assign a verdict.
Registry notes
Q3 tentpole adjacent: formal Metcalfe test
Challenge this status
Every status here is falsifiable. If you can demonstrate this instrument decorrelates from its assigned representative - or measures a phenomenon we have missed - it earns its own full trial, and the record publishes either way. The petition channel opens with the public repository.