Article

Market Cap (Crypto)

August 22, 2026 · Aditya Gupta

Crypto & Blockchain

Cryptocurrency market capitalization is circulating supply × current price, used to compare project sizes and rank them. Bitcoin's $1+ trillion market cap dwarfs others; Ethereum is second at $400B+. Total crypto market cap: $2-3 trillion. Fully Diluted Valuation (FDV) uses total maximum supply rather than circulating supply — meaningful for projects with large unlocks ahead. Market cap shouldn't be confused with money invested — small order flows can move market caps dramatically (illiquid altcoins). Compare market caps to traditional financial assets: $1T total crypto vs. $10T+ for gold, $40T for global bond market, $80T+ for global equity.

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