Robinhood Chain market cap
Market cap for a token on Robinhood Chain is the circulating supply of the token multiplied by its current price, exactly the definition CoinGecko uses in its methodology. It is a reference number that lets you compare tokens roughly by size — nothing more.
Because "circulating supply" depends on which addresses count as circulating (team, burn addresses, unlocked vesting), two tools can quote different market caps for the same chain-4663 token. The formula is simple; the inputs are the hard part.
In this article, see also: fully diluted valuation (FDV)how token supply is set at launchhow to check pool liquiditythe token charts feature.
How it is calculated
market_cap = circulating_supply × price. Price comes from the deepest pool on chain 4663 quoted in a reference asset (usually WETH, then converted to USD). Circulating supply is total supply minus locked, unclaimed, and burn-address balances.
How to interpret it
Use market cap to answer "is this a $50k token or a $50m token?" — a size band, not a fair value. A token trading in a shallow pool can post a market-cap number that would collapse the moment anyone tried to realise it.
Caveats
Market cap is not liquidity: a $10m market cap with $8k of pool reserves cannot be exited at that price. Circulating-supply definitions differ across tools; treat the specific tool's methodology as authoritative for its own number, not this article.
Concrete example
A memecoin on chain 4663 with 1,000,000,000 circulating supply and a last-trade price of $0.00005 posts a market cap of $50,000. If the pool holds only $2,000 of WETH, a sell of $5,000 notional would move the price far below the quoted number long before it fills.
Frequently asked questions
Is market cap the same as valuation? No. Market cap is a mechanical calculation from supply and last-price. Valuation involves modelling cash flows, adoption or comparables — none of which a market-cap number encodes. Why do two dashboards show different market caps for the same token? They use different circulating-supply definitions or different reference prices. Each tool's own methodology page is the authoritative source for its number. Does a big market cap mean a token is safe? No. Market cap does not measure liquidity, contract risk, or holder concentration. All of those can invalidate the market cap number quickly.
Related
Sources checked
First-party pages used to write or verify the entries above. Vendor pages change frequently — treat each source as the authoritative reference for its own product, not this article.
- CoinGecko methodology (market cap definition)— circulating-supply × price definition
- Robinhood Chain documentation— chain 4663 identity for on-chain price inputs
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