Kaiko Acquires Amberdata in Landmark Digital Asset Data Consolidation.
Kaiko Supply and Market Cap Methodology.
Supply and Market Capitalization methodology
Kaiko’s supply and market capitalization data, available with its Market Explorer subscriptions, delivers institutional-grade metrics through direct on-chain collection, eliminating reliance on self-declared project figures.
Total supply is retrieved directly from each token’s smart contract or native blockchain state. Circulating supply is calculated as total supply minus non-circulating holdings, which include locked tokens, vesting contracts, team treasuries, DAO multisigs, burn addresses, and provably lost tokens. Market capitalization is derived as circulating supply multiplied by Kaiko’s cross-exchange synthetic price, a volume-weighted and manipulation-resistant reference price.
Kaiko collects and validates supply data every five minutes by maintaining dynamic lists of excluded addresses, aggregating their balances, and cross-referencing against token documentation and on-chain patterns.
On-chain verification solves critical problems with self-reported data, including misaligned incentives, methodological opacity, and static daily updates. Kaiko’s approach ensures uniform treatment of lock mechanisms across all assets, captures emissions and unlocks as they occur, and provides auditable metrics for index construction, risk management, and regulatory reporting.