![]() The current CoinMarketCap ranking is 229, with a live market cap of 197,060,714 USD. Baby Doge Coin is up 1.11 in the last 24 hours. We update our BabyDoge to USD price in real-time. If the same coin’s value remains stable at $1 and if the circulating supply increases to 2 million then its total market cap is $2,000,000. The live Baby Doge Coin price today is 1.30e-9 USD with a 24-hour trading volume of 2,759,609 USD.If there are 1 million coins in circulation and if its current price per coin is $1 then its total market cap is $1,000,000.Market Cap (USD) = Circulating Supply (Coins / Tokens) * Price (USD per Coin / Token) Market cap of a cryptocurrency is calculated by multiplying the price of the coin / token and its circulating supply. This tool is for users who are looking to estimate market cap of such crypto assets. However all the new coins, tokens and ICOs are not listed on these data websites. To know the market cap of popular crypto currencies you can use websites like CoinMarketCap where they provide enough data about a coin or a token. You can use the same equation to calculate the market cap in Euro.ġ7,231,612 BTC * €5748 = €99,047,305,776 is the market cap of Bitcoin in Euros.įor more Bitcoin rates you can use this Bitcoin calculator. View and analyze over 1600 cryptocurrencies from. To calculate market cap you need to know the circulating supply of coin/token and its current Fiat value. Live streaming prices and the market capitalization of all cryptocurrencies such as bitcoin and Ethereum. To date, $82.3 million crvUSD has been minted so far.How To Calculate Cryptocurrency Market Cap? In May, DeFi protocol Curve Finance launched its own over-collateralized stablecoin on Ethereum, crvUSD. ![]() Since the issuance is managed by a dynamic system of smart contracts, if there is a swift drop in the price of ETH, users will need to top up their collateral or risk getting liquidated. ![]() Due to the decentralized nature of its collateral as well as the fact that the protocol overseeing the stablecoin isn't manned by a single company, it's often termed a decentralized stablecoin.įor every $1 of DAI, users need to deposit about $1.94 of crypto. Maker Foundation’s DAI stablecoin on Ethereum was the first of its kind to be backed by overcollateralized crypto loans.ĭAI is mainly backed by USDC, although other Ethereum-based cryptocurrencies can be used to mint it, including Ethereum and Wrapped Bitcoin (WBTC). Treasury bills, which are held with centralized entities like a bank. The biggest stablecoins, USDT and USDC, issued by Tether and Circle respectively, maintain their 1:1 peg to the dollar by holding reserves of assets, typically in the form of cash and U.S. While the current supply indicates only 2.5% has been minted so far, this cap can be expanded by the Aave DAO following another community vote.Ĭollateral deposited in the Aave V3 protocol continues to earn yield and interest paid for borrowing GHO is directed towards the DAO treasury.įurthermore, users who supply AAVE into the protocol’s safety module to backstop the stablecoin can purchase GHO at a discount. ![]() Users can mint it by supplying other cryptocurrencies that are listed on Aave V3 as collateral, including AAVE, ETH, USDT, USDC, and DAI.Īs GHO is overcollateralized, the total value of reserves staked to mint it far exceeds that of the GHO in circulation.Īave V3’s total minting capacity as a Facilitator is 100 million GHO, according to an official blog post published at the time of launch. GHO has been deployed on Aave’s V3 market. Only three wallets holding a combined total of 10 AAVE declined one of the three wallets that voted against held 10 AAVE and the other two held fractions of it. In the final vote, 421 wallets holding a combined total of 881,059 AAVE tokens voted in favor of the launch. The Aave DAO oversees governance of GHO, including setting and adjusting the total supply, interest rate, and Facilitator minting caps, determining risk parameters, and approving and governing Facilitators.Ī Facilitator is a protocol or entity authorized by the Aave DAO to mint GHO.
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