Olu Akinz
6 min readMay 17, 2023

Top 15 cryptocurrency by Market Cap and Top 10 Decentralized Exchange by Market Cap

The following cryptocurrency are listed according to their market cap, starting with bitcoin being at the top.

Based on its current price and the quantity of the cryptocurrency in circulation, market capitalization (also known as market cap) is a metric used to gauge a cryptocurrency’s size and level of popularity. The popularity of a cryptocurrency is inversely correlated with its market cap.

  1. Bitcoin BTC has the highest market cap of $523.6B, and the price of 1 BTC as of now is $27,028.34, there are 19,375,056 in circulation, this is 92.26% of total supply of 21,000,000 BTC. The whales are holding 1.33% of total circulated BTC and others are holding 98.67%. It was the first cryptocurrency to be offered for sale. The concept realised by Bitcoin is the foundation of the whole cryptocurrency market, which is today valued at over $2 trillion. The SHA-256 algorithm protects bitcoin.
  2. Ethereum ETH market cap is $218.9B and 120,287,000 ETH are in circulation, Price is $1,820.13, Whales are holding 22.82% while others are holding 77.12%. The ERC-20 compatibility standard of Ethereum allows for the hosting of other cryptocurrencies, or “tokens,” on its blockchain. In fact, more than 280,000 ERC-20-compliant tokens have been released to date, making this the most popular usage of the ETH platform to date. Ethereum’s blockchain, in contrast to Bitcoin’s, may be used to create decentralised applications (dApps) and the next generation of smart contracts.
    A proof-of-stake consensus algorithm, which is intended to be more energy-efficient and capable of processing transactions more quickly than the Bitcoin blockchain, is replacing Ethereum’s current proof-of-work consensus method.
  3. Tether USDT is a stable coin, the price of one USDT is always the same price with a dollar. Market cap is $82.2B, Price is $1.00, whales are holding 24.67% while others are holding 75.34% e coin. The distinctive quality of USDT is that Tether guarantees that its value will be anchored to the US dollar. Stablecoins are digital currencies that are tied 1:1 to a “stable” reserve asset, such as the US dollar, euro, yuan, or gold. They are made to lower the volatility linked to cryptocurrencies. According to principle, one stablecoin ought to virtually always be worth the same as the reserve asset to which it is anchored (1 USDT = 1 USD).
  4. Binance BNB, it is the biggest cryptocurrency exchange globally based on daily trading volume, the price of one BNB is $310.59 and market cap is $48.4B, There are 155,859,429 BNB in circulation. it is used for cryptocurrency exchange. The native cryptocurrency of the BNB Chain (formerly known as Binance Smart Chain and Binance Chain), abbreviated BNB, stands for “Build and Build”. It was initially created on Ethereum in July 2017 but then moved to Binance Chain. A quarterly coin burning event is held by Binance as a deflationary strategy to reduce the total supply of BNB in circulation. The coin has a finite supply of 200 million.
  5. USD Coin USDC is also a stable coin and the price of one is $1.00, the market cap is $29.8B, there are 29,812,132,243 USDC in circulation in which Whales are holding 21.97% and others are holding 78.03%.
  6. Ripple XRP price is $0.42, market cap is $21.8B and there are 51,837,820,505 XRP in circulation out of Total supply of 100,000,000,000, which is 51.84%. The open-source, permissionless, and decentralised XRP blockchain, also known as the XRP ledger, can settle transactions in 3 to 5 seconds. Speed, Enterprise use cases, sustainability, and environmental friendliness are what set XRP apart.
  7. Cardano ADA, price is $0.37, market cap is $12.8, there are 34,852,558,863 ADAin circulation out of 45,000,000,000 total supply, this is 77.45%. Whales are holding 5.39% and others are holding 94.60%. One of the most successful proof-of-stake consensus mechanisms, which uses less energy than the proof-of-work algorithm used by Bitcoin, is used by Cardano, one of the largest blockchains. The Cardano blockchain is designed to be faster and more energy-efficient than the Bitcoin and Ethereum blockchains.
  8. Dogecoin DOGE $0.07 $10,038,267,786 139,369,996,384 DOGE ∞ 47.12% 52.87%. Dogecoin bills itself as the “fun and friendly internet currency” and is an open-source, peer-to-peer digital currency.
    Its own blockchain exists for Dogecoin. It employs an auxiliary Proof of Work proof-of-work consensus algorithm, which enables it to be mined concurrently with coins that employ other proof-of-work consensus algorithms.
    The low cost and limitless supply of Dogecoin are what distinguish it.
    - A sizable online community that supports the software’s ongoing development.
    - Elon Musk and other well-known figures promote Dogecoin.
  9. Solana SOL price is $20.72, market cap is $8.2B and there are 395,622,039 SOL in circulation. Solana blockchain is known for incredibly short processing times of transaction. Solana and Ethereum are extremely similar. The main distinction is that Solana uses both proof of stake and proof of history, whereas Ethereum uses proof of stake to confirm transactions on the blockchain.
    What sets Solana apart?
    Speed.
    cost effectiveness.
    Uses consensus procedures that use both proof-of-stake and proof-of-history.
  10. Polygon MATIC price is $0.84, market cap is $7.8B, there are 9,249,469,069 MATIC in circulation out of 10,000,000,000. Whales are holding 70.29% while others holds 29.71%. Polygon currently supports only Ethereum basechain. Sometimes referred to as the “Internet of Blockchains,” Polygon was created to facilitate the creation of decentralised apps (dApps).
    Compared to previous Layer 2 solutions, Polygon’s approach to scaling the Ethereum network is distinctive. Multiple scaling strategies are combined in its hybrid design to boost the Ethereum ecosystem’s performance
  11. Litecoin LTC Price is $89.11, market cap is $6.5B, 72,932,577 LTC are in circulation out of 84,000,000, which is 86.83%. whales are holding 15.48% and others holds 84.52%. Due of its simplicity and obvious usability advantages, Litecoin is the second most popular pure cryptocurrency after Bitcoin. Due to its extremely robust cryptographic security, Litecoin is virtually uncrackable.
  12. TRON TRX price is $0.07 and the market cap is $6.4, 90,413,440,343 TRX are in circulation. The TRON programme supports decentralised apps, or dApps, smart contracts, and different types of blockchain systems.
  13. Polkadot DOT price is $5.28, market cap is $6.3B, and 1,184,609,245 DOT are in circulation. As a sharded multichain network (sometimes known as “parachains”), Polkadot can process numerous transactions on various chains concurrently.
  14. Binance USD BUSD is a stable coin and the price is $1.00, market cap is $5.6B, there are 5,559,434,150 BUSD in circulation. The Whales are holding 94.15% while others are holding 7.85%.
  15. Shiba Inu SHIB is a meme coin and the price of one is $0.000008765, the market cap is $5.2B, there are 589,534,760,789,078 SHIB in circulation in which whales are holding 68.59% while others holds 31.41%.

Top decentralized exchange listed by market cap

  1. Uniswap UNI, price is $5.16, market cap is $2.98B. UNI has its smart contracts on the Ethereum blockchain, The biggest decentralised trading protocol running on the Ethereum blockchain
  2. Stellar XLM, price is $0.09, market cap is $2.36B. You can exchange any token on the Stellar network with another one
  3. Curve DAO Token CRV, price is $0.82, market cap is $670.05M. it is an Ethereum token, The main objective of Curve is to connect users and exchange protocols for the trade of ERC-20 tokens and stablecoins.
  4. Synthetix SNX, price is $2.22, market cap is $573.78M. Customers can trade a variety of assets with Synthetix using decentralised protocols, including gold and silver.
  5. Injective INJ, price is $6.12, market cap is $489.38M,
  6. Loopring LRC, price is $0.30, market cap is $397.53M, Users can transfer assets between exchanges using the decentralised exchange protocol and “automated execution system”, which is based on Ethereum.
  7. THORChain RUNE, price is $1.15, market cap is $376.47M, without respect to an asset’s native blockchain, THORChain seeks to provide a cross-chain solution.
  8. PancakeSwap CAKE, price is $1.85, market cap is $370.33M. Users can swap BEP20 tokens using automated liquidity pools with PancakeSwap’s token swap service. It is distinct because it is built on the faster and less expensive Binance Smart Chain (now BNB Chain) rather than Ethereum.
  9. 1inch Network 1INCH, price is $0.41, market cap is $337.04M. The 1inch Network (1INCH) is a multi-chain decentralised exchange (DEX) aggregator and decentralised finance (DeFi). The 1inch Network delivers deep liquidity to the market by adding a multi-chain aggregator
  10. Gnosis GNO, price is $115.99, market cap is $299.54 M
Olu Akinz
Olu Akinz

Written by Olu Akinz

I am a blockchain Analyst and I like to explore cryptocurrency

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