Overview

Dominance

Dominance is a synthetic metric which describes as a percent the dominance of one asset in relation to the total cryptocurrency market.

Metrics

Dominance can be described with:

Dominance definition

$$X\ dominance = \frac{X\ market\ cap}{total\ market\ cap}$$

Where market cap is defined as:

Market cap definition

$$X\ market\ cap = X\ price * X\ circulating\ supply$$

And total market cap is formulated with:

Total market cap definition

$$total\ market\ cap = \sum_{\text{all cryptocurrencies}}{price * circulating\ supply}$$

Methodology

After careful analysis we've concluded that the most uniform dominance calculation distribution occurs with the top 200 market capitalization assets, e.g.:

Per-provider Dominance calculation

$$X\ dominance = \frac{X\ market\ cap}{\sum top\ 200\ market\ caps}$$

Sources & Exclusions

Market capitalization is calculated real time and sourced via coingecko. Currently, assets are filtered by:

• Tokens 24h volume > $10,000
• Wrapped tokens
• Staked tokens

Current Assets

Tradable dominance pairs are slowly growing. Our current flagship offerings are:

• BTCDOM (bitcoin dominance)
• ETHDOM (ethereum dominance)
• USDTDOM (tether dominance)
• BNBDOM (binance coin dominance)
• SOLDOM (solana dominance)