Heat map
Every covered asset, sized by market capitalization and shaded by its price change. Area is size; color is direction. Neither is a judgment about the asset, and a large green tile is not a better asset than a small grey one.
On a narrow screen this shows the eight largest assets, ungrouped. Market capitalization is a power law — bitcoin alone is 59% of the market — so a fuller map only stays legible on a wider screen. Area here is each asset’s share of these eight.
What a heat map cannot show you
Six things the shading leaves out, each drawn from stored figures for the eight largest assets on the map. Stablecoins and tokenized real-world assets are left out, because their prices are designed not to move.
Whether a move is meaningful
Dot: the seven-day change. Band: one typical week for that asset, from its 90-day volatility. The same shade can be routine for one asset and rare for another.
Whether the capitalization is backed by real liquidity
Twenty-four-hour trading volume as a share of market capitalization. Tiles of the same size can trade very different amounts.
Whether the asset produces anything
Fees users paid over the last 30 days, annualized. A large tile can collect almost nothing.
What the supply will do next
Units in circulation as a share of the most that can ever exist. Where no maximum is set, supply can keep growing.
How the price got here
The last year of daily prices. A seven-day shade says nothing about the path that led to it.
What can go wrong
Losses reported from exploits and protocol failures, by year. Risk does not show on a price map until after it has happened.