TCAP-USDC

Live

Total Crypto Market Cap Index Perpetual

Trade on Hyperliquid
TCAP---

TCAP Price

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TCAP Price

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Index Formula

TCAP = Total Market Cap / 10,000,000,000

TCAP tracks the total cryptocurrency market capitalization divided by 10 billion. When the total crypto market cap is $3.5 trillion, TCAP = $350.

Full TCAP methodology →

Trading Specifications

Platform
Hyperliquid
Max Leverage
20x
Taker Fee
9 bps (0.09%)
Maker Fee
3 bps (0.03%)
Funding Rate
1-hour (Hyperliquid standard)
Settlement
USDC
Oracle Updates
Real-time

What TCAP Includes

Included

  • All L1 blockchains (BTC, ETH, SOL, etc.)
  • L2 & scaling solutions
  • DeFi protocols
  • Memecoins
  • Exchange tokens
  • Stablecoins (represent deployed capital)

Excluded (Double-Count Prevention)

  • Wrapped tokens (WBTC, WETH, WBNB)
  • Liquid staking tokens (stETH, rETH, cbETH)
  • Tokens 1:1 backed by an included asset