Part 5/11:
Market Capitalization & Value per User
Despite relatively modest daily activity, many of these tokens boast astronomical market caps:
Average market cap of top 52 platforms ~$3.6 billion.
XRP exceeds $51 billion; ADA around $16 billion.
The market cap per daily active user shows unsustainable ratios—sometimes millions of dollars per user—highlighting overvaluation.
Market Cap per Transaction
Another measure reveals extremely high valuations per transaction:
C (C-chain) at over $518,000 per transaction.
Patterns suggest many assets are trading at valuations disconnected from actual utility.