Market Capitalization (Cryptoasset, Aggregate)

If you would like to verify your circulating supply (and market cap), please submit a request here for the team's evaluation. Verification will be done in accordance with our methodology. 

Market Capitalization (Cryptoasset)

1. In crypto, 'Market Cap' is a polysemous term in that it is often used to describe distinct valuation metrics that share the same label. To disambiguate, here are the myriad ways to calculate market cap, ranked in descending order of valuation.
   1. Fully Diluted Valuation (FDV): Maximum Supply x Price
   2. Minted Market Cap (MMC): Total Supply (net of burns) x Price 
   3. Unlocked Market Cap (UMC): Unlocked Circ. Supply x Price 
   4. Circulating Market Cap (CMC): Public float  x Price

On CoinMarketCap, coins are ranked by their Circulating Market Cap (CMC). Derived from public float, the aspiration is to --  in keeping with the ethos of decentralisation -- reflect what public investors consider the company to be worth and mitigate rank manipulation.  

Market capitalization of the cryptoasset is, therefore, calculated by multiplying the existing reference price of the cryptoasset by the current circulating supply. Let’s take the market capitalization of Bitcoin as an example:

Let (C) be the last known reference price of Bitcoin from CoinMarketCap in USD.
Let (S) be the current circulating supply of Bitcoin.
Let (D) be the derived market capitalization for Bitcoin.

For this example, let (C) = 10,000 USD / 1 BTC and let (S) = 17,000,000 BTC.

D = C * S
D = 10,000 USD / 1 BTC * 17,000,000 BTC = 170,000,000,000 USD

Therefore, the derived market capitalization for Bitcoin is $170,000,000,000 USD.

Market Capitalization (Aggregate)

The total market capitalization for all cryptoassets (found on the top of the site as “Market Cap”) is the sum of all individual cryptoasset market capitalizations that meet the requirements outlined here.