Market Capitalization

Search…

The market capitalization of an asset represents the total network value of that asset.

Indicator Overview
The market capitalization (market cap) of an asset represents the total network value of that asset, as defined by the combined value of all the units of that asset in existence. It is calculated by a simple multiplication of the total circulating supply by the last traded price.
Market cap is often used describe the size of a crypto asset, especially in comparison to other assets and markets. Market cap is important as it is a proxy measurement for relative network size and a basic determinant of various characteristics that investors are interested in such as adoption, market size and risk.
​View Market Cap in Glassnode Studio​
​View Market Cap in Glassnode API Docs​
How is it measured?
Market cap is measured by multiplying the price of an asset by its circulating supply.
Market Cap=price [USD]⋅Total Supply=price [USD]⋅value (of all UTXOs)\begin{align*}
\textrm{Market Cap} &=
  \textrm{price}
  ~{\color{gray}{\textrm{[USD]}}}
  \cdot
  \textrm{Total Supply}
  \\[0.5em]
&=
  \textrm{price}
  ~{\color{gray}{\textrm{[USD]}}}
  \cdot \textrm{value}
  ~{\color{gray}{\textrm{(of all UTXOs)}}}
\end{align*}
Market Cap​=price [USD]⋅Total Supply=price [USD]⋅value (of all UTXOs)​
Further Resources
Blockgeeks - Learn: Cryptocurrency Market Cap? The Ultimate Investor’s Guide​

Concepts - Previous

Entity-Adjusted Metrics

Next - Market

Realized Capitalization

Last modified 6mo ago

Copy link

Contents

Indicator Overview

How is it measured?

Further Resources