Today, we added some additional stats about different crypto tokens to help you better understand each of the projects that we currently support.
For each token we list, you will now be able to see: market cap, circulating supply, max supply, 24-hour trading volume, and popularity on Revolut. Here's the low-down on what each term means.
Within the crypto industry, market capitalisation (or market cap) refers to a metric that measures the relative size of a particular crypto asset. Market cap is calculated by multiplying the current market price of an asset with the total number of coins currently in circulation.
The term circulating supply refers to the number of cryptocurrency coins or tokens that are publicly available and circulating in the market. The circulating supply of a cryptocurrency can increase or decrease over time. The circulating supply refers to the coins that are accessible to the public and should not be confused with max supply. The max supply quantifies the maximum amount of coins that will ever exist, including the coins that will be mined or made available in the future.
The maximum supply (max supply) of a crypto asset refers to the maximum number of coins or tokens that will ever be created. Once a maximum supply is reached, there will not be any other coins mined, minted, or produced in any other way. Some crypto assets do not have a predefined maximum supply, meaning they can be mined or minted continuously. For example, Ethereum’s supply is constantly increasing and does not have a maximum supply.
24-hour trading volume:
24-hour trading volume represents the total amount of a crypto asset that has changed hands over the past 24 hours. We use trading volume data from other exchanges aside from just Revolut.
Popularity on Revolut:
Measures how popular a particular crypto asset is among Revolut users, based on the number of people who are currently holding that particular asset.
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