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Blockchains (L1)

Aleo

# Aleo Circulating market cap Methodology

## 1. Overview

The Aleo circulating market cap metric measures the total market value of Aleo tokens that are currently in circulation and available for trading. This metric answers the business question: "What is the current market valuation of all circulating Aleo tokens?" The calculation follows the standard market cap formula: circulating market cap = token price × circulating supply, using data sourced from CoinGecko's comprehensive cryptocurrency market data API.

## 2. Data sources

The calculation relies on the following external data sources:
- **CoinGecko market data**: End-of-day price feeds and market metrics for Aleo tokens from CoinGecko's cryptocurrency data API
- **Circulating supply data**: Real-time or daily snapshots of Aleo's circulating token supply from CoinGecko
- **Token metadata**: Aleo project identifiers and token specifications from CoinGecko's database
- **Price feeds**: USD-denominated end-of-day price data for Aleo tokens

## 3. Step-by-step calculation

### Component A: Market data retrieval
- **Purpose**: Extracts current market data for Aleo tokens from CoinGecko
- **Logic**: The system queries CoinGecko's API using the Aleo project identifier to retrieve the most recent price and circulating supply data. This includes validation of data quality and timestamp consistency to ensure accurate market information.
- **Key fields**: Token `price` in USD, `circulating_supply` count, data `timestamp`, and project `identifier`

### Component B: Market cap calculation
- **Purpose**: Computes the circulating market cap using price and supply data
- **Logic**: The core calculation multiplies the current token price by the circulating supply amount. This represents the total market value of all Aleo tokens currently available for trading, excluding any locked, staked, or non-circulating tokens.
- **Key fields**: Calculated `market_cap_circulating` value, source `price` and `supply` components

### Final aggregation
- **Combining components**: The price and circulating supply data are combined through direct multiplication to produce the market cap value
- **Currency conversion**: All values are maintained in USD as sourced from CoinGecko, ensuring consistent currency denomination
- **Time aggregation**: Data points are aggregated to daily boundaries, typically using end-of-day snapshots for consistency with market reporting standards
- **Final calculation**: The final metric represents the product of Aleo's token price and its circulating supply, with a zero-fill strategy applied to handle any missing data points in the time series. This ensures continuous historical data availability while maintaining data integrity through standardized formatting and validation checks.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Project valuation based on token price times circulating supply.

AleoALEO

Circulating market cap

Circulating market cap

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