Market cap aligned by total coins issued instead of by calendar date, so Zcash and Bitcoin line up at equivalent points in their 21M-coin emission schedules.
X-axis is coins mined (millions); Y-axis is market cap (log USD) at the moment each chain reached that supply. Hover shows the calendar date each chain was at that issuance. ZEC supply + price come from this node and our price feed; BTC price + supply from blockchain.info and its deterministic halving schedule.
The time-range filter does not apply. Where the lines overlap (~3–16M coins) you are comparing Zcash's recent era against Bitcoin's 2010–2016.
Market Cap vs BTC @ issuance was 0.209× on 2026-09-26, the last full day of data. That is 96.7% higher than 28 days ago, when it was 0.106×.
This chart is plotted against coins issued, not date, so Zcash and Bitcoin line up at equivalent points in their emission.
🔗 permalink ⇆ compareThis plots market capitalisation against coins issued rather than the date. At the same calendar moment Bitcoin is sixteen years into its emission schedule and Zcash ten, so a date axis would compare two different stages of maturity — a young network against a mature one and call it a fair fight.
Both chains cap at 21M, which is the only reason this alignment means anything. At any x, both had mined the same fraction of their total supply; the question the chart asks is what each looked like at that point in its own life.
So nothing here is a statement about today. Two points at the same x are years apart on the calendar, and the right-hand end of the Zcash line is the present while the same x on the Bitcoin line is somewhere in its past.
Market cap carries price AND supply. Both rise as coins are issued even with a flat price, so some of the slope on both lines is arithmetic. The comparison survives that because the x-axis controls for exactly it: at the same x, both chains have issued the same fraction of 21M.
For the same measures on an ordinary date axis, see supply and price.