| alias | market cap, capitalization |
|---|---|
| tags | cyber, core, cybernomics |
| crystal-type | measure |
| crystal-domain | economics |
| crystal-size | atom |
[[price]] times [[supply]]. the aggregate measure of commitment to a [[token]]. reflects where [[demand]] meets [[value]]
[[cap]] captures the total [[value]] the market assigns to a [[token]] at a given moment. it is the product of the current [[price]] per unit and the circulating [[supply]].
in [[cyber]], cap serves as a ranking signal. [[tokens]] with higher cap carry greater weight in the economic graph, reflecting deeper [[consensus]] around their utility.
cap changes continuously as [[price]] moves. a rising cap means the network values a [[token]] more; a falling cap means [[demand]] is retreating relative to [[supply]].
fully diluted cap accounts for all [[tokens]] that will ever exist, including those yet to be minted. circulating cap counts only [[tokens]] already in the hands of [[neurons]].
the ratio of cap to [[staking]] volume reveals commitment depth. a high cap with low stake suggests speculative interest. a high cap with proportionally high stake signals conviction.
[[neurons]] use cap alongside [[price]], [[supply]], and [[demand]] to evaluate the health and trajectory of any [[token]] within the [[cyber]] ecosystem.
cap is the economic mirror — the single number that reflects collective belief in a [[token]]'s future.
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