Market Cap (USD)
Market Cap (USD) represents the total market value of ICP, calculated by multiplying the current ICP price by the current total circulating supply. This metric provides a broad measure of the network’s market valuation and is commonly used as a reference point in comparative asset analysis.
How it’s calculated
Market Cap (USD) = ICP Price (USD) × Total Supply
- ICP Price (USD) is sourced from Binance’s daily closing price.
- Total Supply reflects the latest available supply data at the time of calculation.
What this metric provides
- A standardized measure for comparing ICP’s valuation to other digital assets.
- A high-level snapshot of the network’s economic scale.
- A reference point for market positioning, dominance, and trend assessment.
Limitations
- Market cap reflects price × supply, not realized value or liquidity—large market caps do not imply deep market depth or execution certainty.
- Supply data may evolve over time due to unlocks, burning, staking dynamics, governance activity, or ledger corrections.
- Market cap should not be interpreted as the value of the network’s investable float; it is a theoretical valuation metric.
Disclaimer: The information provided in the descriptions above is for informational and educational purposes only and is intended as a general overview of the referenced metrics. These descriptions are illustrative, descriptive, and non-exhaustive; additional interpretations, use cases, and limitations may exist that are not covered here. Nothing herein should be construed as financial, investment, legal, tax, or professional advice, nor should it be relied upon as the sole basis for any decision-making process. All users should conduct their own independent research, validate data through multiple sources, and consult with qualified professionals where appropriate. The content provided does not guarantee accuracy, completeness, or reliability, and no representation or warranty is made regarding its correctness. The metrics, interpretations, and examples mentioned are subject to change over time and may not reflect all possible scenarios or market conditions. By using this information, you acknowledge that you do so at your own discretion and responsibility. No advisory, fiduciary, or client relationship is created through the use or reading of this material.