Total market capitalization over time, computed as circulating supply (ZEC mined to date, from the node's consensus-verified chainSupply) * daily USD price. This is the fully-diluted-to-date value of all mined ZEC; it does not include the ~4.5M ZEC not yet emitted. Moves with both price and the steadily growing supply.
Market Cap was $20.74B on 2026-10-10, the last full day of data. That is 9.0% higher than 28 days ago, when it was $19.04B.
🔗 permalink ⇆ compareCirculating supply × daily price — where circulating supply is the node’s consensus chainSupply, the ZEC actually mined to date, read from a full node we run rather than taken from a listing. Aggregators differ on this figure; consensus does not.
It is not fully diluted. Roughly 4.5M ZEC has yet to be emitted and is not in this number. A “fully diluted” market cap prices coins that will arrive over the next century on a schedule the halvings keep cutting — see the halving schedule for when.
It is not a measure of money at risk. Market cap multiplies every coin by the marginal price, including coins whose keys are lost and coins that have not moved since 2017. It is a scale, not a valuation. For the version that prices each coin at what it last actually cost, see realized cap.
It moves for two reasons at once. Supply grows every block, so the line drifts up even on a flat price. When market cap and price disagree about a period, the difference is issuance.