Introducing dTMC: The First Total Cryptocurrency Marketcap Index on the BNB chain

Bassey Saviour
4 min readMay 20, 2022


The cryptocurrency industry is experiencing mass adoption. Entities are accepting blockchain and cryptocurrency.

According to figures, the total crypto market cap grew from $180 billion in early 2020 to over $2.8 trillion by the conclusion of 2021. Due to the dynamic advancement of GameFi, NFT, Metaverse, and Defi, it’s easy to forecast a crypto market cap of over $4 trillion by the conclusion of 2022.

Introducing TMC

The total cryptocurrency market capitalization refers to the total value of all cryptocurrencies in circulation.

The value of capitalization tends to change due to the comparatively high volatility of cryptocurrency markets, and we have seen it rise from over $20 billion to $1.3 trillion.

Calculating a cryptocurrency’s market capitalization is derived by multiplying the current price by the circulating supply, thus making TMC the sum of all cryptocurrency market capitalizations.

Factors that influence cryptocurrency: TMC

The cryptocurrency market is a highly volatile one, and due to this high volatility, its influence can be reflected in the TMC of a cryptocurrency.

The TMC is usually influenced by 3 major factors, as mentioned below:

  • Liquidity
  • Crypto Asset Price
  • Market Volume

With recent innovations, the TMC can be tracked and traded as an asset.

Introducing Duet Protocol

Duet Protocol (Duet) is a multi-chain synthetic asset protocol that sharpens all assets for use in the blockchain world. A duet in music refers to a piece of music where two people play different parts or melodies. Similarly, Duet Protocol allows traders to replicate real-world tradable assets in a decentralized finance ecosystem.

Duet Protocol bridges the gap between the physical and digital worlds by developing a synthetic asset that allows users from all around the world to easily access traditional assets. such as stocks, precious metals, and real estate. Financial products that mimic the return on a real asset are known as synthetic assets. The name derives from this. For those who cannot or do not want to own the original material, this is an intriguing option. In the field of definition, synthetic assets will mimic the profitability and volatility of genuine trading assets.

Introducing dTMC

The overall market capitalization of crypto marketplaces is tracked by dTMC, a synthetic total cryptocurrency market cap.

dTMC is the first total cryptocurrency market cap index on the BNB Chain . It keeps track of the total market capitalization of cryptocurrency exchanges. TMC tends to favour investors that use a weighted cap strategy.

The price formula is calculated as equivalent to the current crypto market capitalization in USD divided by 1 billion.

Trading dTMC

Just like other Assets Duet Protocol provides users with 2 ways to trade dTMC.

  1. Purchasing on Pancake swap
  • Visit PancakeSwap
  • Enable the dUSD/dTMC pair with the contract addresses as listed below;

dUSD: 0xe04fe47516C4Ebd56Bc6291b15D46A47535e736B

dTMC: 0x529AaFadba71386AB77519DA5eC75ab943dF0b6D

2. Borrowing dTMC on Duet App

  • Visit Duet App.
  • Provide liquidity in the “Earn” section by clicking on any single assets/liquidity pairs and get awarded ‘credits’ which will be used to borrow dAssets.
  • Select dTMC from the innovative markets section of the dAssets tab.

After borrowing dTMC,users can also earn substantial APY rewards in the form of bDUET by supplying liquidity to the dTMC-dUSD pair in the Earn module.

Do note that the annual percentage yield (APY) is subject to change.


Duet is currently making it easy for users to trade global and innovation indices on your own terms (without connecting brokers).

Learn more here