Pearlonomics
Live Pearl Network economics: PRL price, production cost, MVRV, and chain fundamentals from Pearl node snapshots.
Live Price and Production Cost
The price line uses the full executed PRL trade history from the pearl-otc.com app, covering the network's life since the 2026-04-27 mainnet launch. Because that feed publishes prices without per-point timestamps, points are distributed evenly from launch to now (approximate timeline). The cost line is calculated from live network hashrate, observed block pace, live height, and the live H100 marketplace rate.
MVRV
-Network Hashrate
-H100 Rate Index
-Live Source Selection
| Market | Last | 24H Volume | Status |
|---|
No source data loaded yet.
Production Cost Inputs
reward_prl = 2.1B * 650226 / ((height + 650226) * (height - 1 + 650226))
blocks_per_hour = delta_height / delta_hours; live_partial = blended(recent_completed_pace, network_avg_block_time)
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.