# Token turnover (circulating) Methodology

## Overview

Token turnover (circulating) measures how frequently a project's token changes hands relative to its circulating market cap. It is calculated as the average daily token trading volume divided by the circulating market cap, indicating liquidity and trading activity relative to the token's circulating valuation.

${token_trading_volume} / ${market_cap_circulating}

Average daily token trading volume divided by circulating market cap.

Token turnover (circulating)

WhiteRock

Users bought tokenized stocks, bonds and properties with crypto.

WhiteRock was a real-world asset platform for buying tokenized stocks, bonds and properties with crypto, with a White Network blockchain and a USDX savings stablecoin.

Developed by the WhiteRock team, with the WHITE token powering the platform.

WhiteRock WHITE

Maintenance

Token turnover (circulating)

Token turnover (circulating)

Competitive landscape