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Market cap is not trading volume

Two numbers that answer different questions.

Digital asset infrastructure illustration
Illustration · TomCrypto

Market capitalization

Market cap is the quoted price multiplied by circulating supply. It is a way to compare asset scale, not the amount of cash invested in an asset.

Trading volume

Volume measures trading activity over a period. A 24-hour figure is distinct from an asset’s total market value.

Compare like with like

Use the same currency, timeframe and data provider when comparing assets. Supply estimates and market coverage can vary between providers.