Glassnode Docs
WebsiteStudioInsightsTwitter
  • Welcome to Glassnode
    • Introduction
      • Studio
  • 📊Data
    • General Information
      • Timestamps and Resolutions
      • Data Availability
      • Data Finalization
    • Metric Catalog
    • Supported Blockchains
    • Supported Assets
      • Market Metrics Coverage
      • On-chain Metrics Coverage
    • Point-in-Time Metrics
  • đź“–Guides & Tutorials
    • Getting Started
      • Use-Case Tutorials
        • Tutorial 1 - Navigating Market Tops and Bottoms
        • Tutorial 2 - Introduction to On-chain Activity
        • Tutorial 3 - Fundamentals of Proof-of-Work Mining
        • Tutorial 4 - Introduction to Supply Dynamics
      • Get started with Glassnode Metrics
      • Granular Cohorts for Key On-Chain Metrics
    • Metric Guides
      • Market Capitalization
      • Realized Capitalization
      • MVRV
        • LTH-MVRV
        • MVRV Ratio
        • MVRV-Z Score
        • STH-MVRV
      • SOPR
        • SOPR (Spent Output Profit Ratio)
        • aSOPR (Adjusted SOPR)
        • LTH-SOPR
        • STH-SOPR
      • Unrealized Profit/Loss
        • NUPL (Net Unrealized Profit/Loss)
        • Unrealized Profit
        • Unrealized Loss
        • LTH-NUPL
        • STH-NUPL
      • Realized Profit/Loss
        • Net Realized Profit/Loss
        • Realized Profit
        • Realized Loss
      • Coin Issuance
        • Puell Multiple
      • Stablecoin
        • SSR (Stablecoin Supply Ratio)
      • Coin Days Destroyed
        • CDD (Coin Days Destroyed)
        • Supply-Adjusted CDD
        • Binary CDD
        • CYD (Coin Years Destroyed)
        • Supply-Adjusted CYD
        • Reserve Risk
      • Liveliness
      • Dormancy
        • Average Coin Dormancy
        • Supply-Adjusted Dormancy
      • Lifespan
        • Spent Output Age Bands (SOAB)
        • Average Spent Output Lifespan (ASOL)
        • Median Spent Output Lifespan (MSOL)
      • NVT
        • NVT Ratio
        • NVT Signal
        • Velocity
      • Stock to Flow
        • Stock to Flow Ratio
        • Stock to Flow Deflection
      • Price Distribution
        • URPD (UTXO Realized Price Distribution)
        • SOPD (Spent Output Price Distribution)
      • Accumulation Trend Score
      • Long and Short-Term Holder Supply
        • Supply Held by Long and Short-Term Holders
      • Profit/Loss (Supply)
        • Percent Supply in Profit
        • Supply in Profit
        • Supply in Loss
      • Age Distribution
        • HODL Waves
        • Realized Cap HODL Waves
      • Profit/Loss (UTXO)
        • Percent UTXOs in Profit
        • UTXOs in Profit
        • UTXOs in Loss
    • On-Chain Concepts
      • Entity-Adjusted Metrics
      • On-chain Glossary
      • Understanding UTXOs - The Gold Coin Analogy
      • UTXO vs. Account-Based Chains
    • Workbench Guide
  • ⚙️API
    • Introduction
    • API Key
    • API Credits
    • Metadata
    • Bulk metrics (beta)
    • Endpoints
      • Addresses
      • Bridges
      • Blockchain
      • Breakdowns
      • DeFi
      • Derivatives
      • Distribution
      • Entities
      • ETH 2.0
      • Fees
      • Indicators
      • Institutions
      • Lightning
      • Market
      • Mempool
      • Mining
      • Point-In-Time
      • Protocols
      • Signals
      • Supply
      • Transactions
  • ℹ️Further Information
    • Changelog
      • 2025
      • 2024
      • 2023
      • 2022
      • 2021
      • 2020
    • Support FAQ
    • Affiliate FAQs
    • Exchange Data: Transparency Notice
Powered by GitBook
On this page
  • Indicator Overview
  • How is it measured?
  • Further Resources
  1. Guides & Tutorials
  2. Metric Guides

Market Capitalization

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

PreviousMetric GuidesNextRealized Capitalization

Last updated 5 months ago

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.

How is it measured?

Market cap is measured by multiplying the price of an asset by its circulating supply.

Further Resources

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)​

Blockgeeks -

đź“–
View Market Cap in Glassnode Studio
View Market Cap in Glassnode API Docs
Learn: Cryptocurrency Market Cap? The Ultimate Investor’s Guide
Bitcoin: Market Cap