Pearlonomics

Live Pearl Network economics: PRL price, production cost, MVRV, and chain fundamentals from Pearl node snapshots.

Loading live feeds Price source pending Chain source pending MVRV pending GPU rate pending
Chart PRL Price
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Median Cost
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Price / Cost
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MVRV
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Block Reward
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Network Scale
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Live Price and Production Cost

The price line uses the full executed PRL trade history from the pearl-otc.com app. Because that feed publishes prices without per-point timestamps, older points are spaced evenly back over ~8 months (approximate timeline). The cost line is calculated from live network hashrate, observed block pace, live height, and the monthly H100 marketplace rate.

Live PRL price and production cost time series A line chart showing executed PRL trade prices, median production cost, and a shaded upper and lower cost band.
Waiting for live data.

MVRV

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MVRV time series Market value to realized value ratio over time.
MVRV pending.

Network Hashrate

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Network hashrate time series Estimated Pearl Network hashrate over time.
Hashrate pending.

H100 Rate Index

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H100 marketplace rate index Monthly H100 marketplace rate index applied to production-cost points.
GPU rate pending.

Live Source Selection

Market Last 24H Volume Status

No source data loaded yet.

Production Cost Inputs

GPU rate model live Vast.ai H100 spot
Marketplace rate -
Median H100 throughput 550 TH/s
Lower band scenario 620 TH/s
Upper band scenario 500 TH/s
Rate month -
Emission formula live height
Block pace observed; 194s fallback
Pool fees / stales excluded
Block reward reward_prl = 2.1B * 650226 / ((height + 650226) * (height - 1 + 650226))
Observed block pace blocks_per_hour = delta_height / delta_hours; live_partial = blended(recent_completed_pace, network_avg_block_time)
Cost per PRL marketplace_cost_per_hour = monthly_h100_marketplace_rate(timestamp) gpu_equivalent = network_hashrate_hps / scenario_hashrate_hps cost_per_prl = (gpu_equivalent * marketplace_cost_per_hour) / (reward_prl * blocks_per_hour)

The lower, median, and upper bands all use the monthly H100 marketplace spot rate. The band captures H100 throughput sensitivity: 620 TH/s efficient, 550 TH/s median, and 500 TH/s conservative. Provider-class rate spreads are excluded because rational miners should use the lowest available rental market, while already-allocated compute is closer to sunk cost than marginal rental cost. Completed buckets use observed pace; the still-forming live bucket is smoothed with recent completed pace and Pearl node network average block time.

The production-cost series is calculated, not fetched as a market price. It uses live Pearl node chain hashrate/history plus the live H100 marketplace rental rate — the median per-GPU on-demand price across rentable H100 offers on the Vast.ai marketplace, snapshotted into D1 over time. Pre-marketplace-tracking history is seeded from Silicon Data H100 marketplace-tier medians, and a static marketplace table remains the fallback if the live feed is unavailable. The PRL price line is the full executed-trade history from the pearl-otc.com app (timeline approximate, see chart note). MVRV is calculated from current UTXOs on the Pearl chain and historical PRL prices. Lord of Pearls is retained only as a temporary fallback for chain history.