The Market Cap is the total value of all circulating tokens, calculated by multiplying the current price of a single token by the total number of tokens in circulation.
Circulating Token SupplyToken Price
What does Market Cap tell you?
Market cap is an important metric because it provides a quick snapshot of a token's market dominance, helping investors assess its popularity. It is important though to also consider a tokens issuance rate (Circulating supply / Total supply) to paint a full picture. Note: A token can be related to multiple chains (i.e. MATIC is connected to Polygon zkEVM and Polygon PoS).
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