Market cap

Market cap prices the token's circulating supply at its current price.

Blocktronics reads it live from the market, and the terminal shows it with the time it was read. A token on several chains has one market cap, the whole token's across them, never one chain's supply.

When the market gives no usable figure, the figure from the last grading shows instead, with the day and time of that grading.

It sizes everything market-wide: the market map's tiles, the market-cap filters ($100k+, $1M+, $10M+), the fleet strip, the listing floor and the cross-token rules, which skip small caps where any flow becomes a huge share.

1. 1

   Live: read live from the market (for a token on several chains, the whole token's), when the figure is usable. The key figure prints it with "Live, read <day>, <time> UTC". Otherwise the figure from the last grading, with "Graded <day>, <time> UTC".

2. 2

   The snapshot keeps it per token (the live one where there is one) and sorts the universe by it, largest first. The fleet strip places it on a log scale clipped to the 2nd–98th percentile so one giant doesn't flatten the rest.

3. 3

   Market cards size and filter by it; obviously mispriced rows are left out.

HighShape, not data

A large token: a given flow is a smaller share of it.

LowShape, not data

A small token: flows and holder moves are large relative to it.

RisingShape, not data

The cap grew: the price rose, or more supply circulates.

FallingShape, not data

The cap shrank: the price fell, or less supply circulates.

Evidence in the data, never advice

• A token with no usable live figure shows the one stored with its grade, as of that grading: the key figure says which.
• The grade's own sizing (its depth in basis points of the cap) is measured against the stored figure, not the live one.
• A share of market cap (a flow, a depth) inherits any error in the cap itself.