Introduction to Total Cryptocurrency Market Capitalization on BNB Chain

4 min readMay 16, 2022

Duet Protocol is a multi-chain synthetic asset system that makes use of all assets in the blockchain space. Synthetic assets are also referred to as Synths. The first step in understanding synths is to recognize that they are derivatives. A derivative is an asset that derives its value from an underlying asset or index. A synthetic asset is a tokenized derivative that replicates the value of another asset.

What is Total Cryptocurrency Market Capitalization?

The Total Cryptocurrency Market Capitalization is referred to as the overall value of a cryptocurrency. The market cap of a coin or token is calculated by multiplying the cryptocurrency’s price by the number of assets in circulation. The total crypto market capitalization is the total value sum of Bitcoin, Stablecoins, altcoins, and all other crypto assets on the market. Due to the high volatility in cryptocurrency markets, the value of capitalization tends to change.

Importance of Total Cryptocurrency Market Capitalization

The cryptocurrency market cap has made it very easy to determine the size of the digital currency. Cryptocurrency market capitalization is an easy method of determining the size of a digital currency. So as the digital currencies grow the total crypto market cap can aid in making wise real-time decisions concerning crypto assets. The total crypto market cap provides a more comprehensive, real-time picture of the crypto asset sector’s performance. The market capitalization of cryptocurrencies also reflects the popularity of coins over time.

Types of Cryptocurrency Market Capitalization

The cryptocurrency market capitalization is useful to investors. It is divided into three. We have the Small-cap, Large-cap, and Mid-cap. They all serve different purposes.

Small-capitalization: This is simply when the market capitalization is less than $1 billion. It is more volatile than other cryptocurrencies with higher-risk investments.
Mid-capitalization: The market capitalization is known to be between $1billion and $10 billion. This is very attractive to investors due to its low risk and constant improvement.
Large-capitalization: The market capitalization is higher than $10 billion with safe cryptocurrency investment.

Duet protocol’s major aim is to make it possible for all Web3 users to allocate funds to any asset using only one cryptocurrency wallet by creating an ecosystem with synthetic assets whose worth remains constant. Duet Protocol introduced this new dAssest “dTMC” in order to meet the needs of investors. dTMC is the “Total Crypto Market Cap” and users can invest in all three market caps namely small, mid and large through one token. This also means users are indirectly investing in all the cryptocurrencies in the market. Duet Protocol allows you to trade worldwide without fear of risks.

How to get dTMC on Duet Protocol

The two ways to get dTMC on the Duet app are to purchase on PancakeSwap and to borrow dTMC directly from the dAssets module on the Duet app.

Steps to get on PancakeSwap.

Go to PancakeSwap
Connect your wallet.
To enable dUSD/dTMC pairs to swap, use the contract addresses to add the tokens to the list.

Contact address:

dUSD (0xe04fe47516C4Ebd56Bc6291b15D46A47535e736B)

dTMC (0x529AaFadba71386AB77519DA5eC75ab943dF0b6D)

Steps to borrow dTMC on the Duet app

To borrow dTMC on the Duet app, liquidity must be provided. Firstly, open the duet app and then provide liquidity by clicking on any of the assets on the earn module as shown in the image below.