Are there at least two types of market cap that should be counted?

First one: the traditional one you see on sites

Second one:

A transitive one that includes all other layers operating at least partially on your "base layer" network

I got to thinking about this because of the way the ETH marketcap appears relatively low, but then you find that it has a ton of active L2's and one easily could view this as ETH's marketcap too - just being distributed over multiple tokens. So it would be informative to have the aggregated market cap of an L1 plus transitively all the marketcaps it hosts.

Same thing for the "dominance" concept, it too could be split.

Perhaps this type of data is already shown on some sites. If you know, appreciate links.


To be accurate under this type of split, the first type of market cap (the traditional one) should not count those units which have been migrated to other layers, since otherwise the second type would be double-counting them.

submitted by /u/LovelyDayHere to r/btc
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Quelle: bitcoin-en