Try Quests to earn cryptoLUNA Market Cap
In this analysis, the price and the market capitalization of LUNA have been displayed over time frequencies of 1 month, 2 months, 3 months, the past year, and all time.
The data for the calculations of LUNA's price and market cap was collected from terra.daily_balances table. The price was obtained by dividing the balance_usd with the balance. For the calculation of the market cap, two addresses that belonged to the Terraform Lab and the Terra Foundation, were removed from the query. Both of these addresses were labeled as chain administration addresses which were not responsible for the circulating supply of LUNA.
The addresses are as follows:
- Terraform Lab: terra1dp0taj85ruc299rkdvzp4z5pfg6z6swaed74e6
- Terra Foundation: terra1fl48vsnmsdzcv85q5d2q4z5ajdha8yu3nln0mh >Note: The calculated values are not exactly matched to other sources such as CoinMarketCap and CoinGecko, but it is close.
Market cap is one of the fundamental metrics used in the crypto industry, yet not everyone has the same definition of it. There are multiple variants of it such as "Fully Diluted Market Cap", "Total Market Cap", or simply "Market Cap" which generally implies the market cap calculated considering the circulating supply. One might suggest that to accurately calculate the market cap, first the community should reach a consensus on the definition. Then, according to that definition, processing the on-chain data in a way that makes it possible to filter different addresses based on the circulation.