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by cdiddy2 1545 days ago
I am late to this question but there is actually a method that really only works for cryptos. Its called realized cap. Multiply the each coin by the price at which it last moved and sum it all together. This gives a closer estimation of how much money is really in the system. It is not perfect but neither is mcap and this gets a bit closer.

https://messari.io/charts/bitcoin/mcap-realized

1 comments

Realized Capitalization came from CoinMetrics. Many details in their original announcement: https://coinmetrics.io/realized-capitalization/