Hats off to both @CoinMarketCap & @coingecko for listening to users and fixing an obvious flaw in the market cap data. Great day for crypto!
Coinmarketcap - official announcement here https://x.com/KatieTalati/status/1991949398717460698…
Coingecko - haven't seen an official announcement but have noticed on a few of their token pages they have added a new "Outstanding token value" metric (see $HYPE and $PUMP below)
Huge win for industry transparency and valuations, and hopefully we never have to hear about FDV ever again.

We need to fix the broken, archaic & inconsistent market cap formulas in order for crypto to thrive!
Arca proposes "Adjusted Market Cap", which we feel more accurately reflects a token's true valuation.
We hope this becomes the new standard.
A thread 👇

Jeff Dorman

Twitter

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