Market Capitalisation

The total value of the circulating supply of a cryptocurrency, calculated by multiplying its current price with its total supply.


Adapting the interpretation of Market Capitalisation from the stock market would be: Market cap = how much is this protocol (or chain) worth.

Sources:

https://fintechmagazine.com/financial-services-finserv/140-blockchain-and-crypto-words-ultimate-z-glossary