Post by drdhl7 about Non-Playable Coin ($NPC)

The category pages say there are $1.29T of stablecoins. There aren't.

I was sizing sectors on the categories page today and the totals stopped me cold:

- Stablecoin: 312 tokens, $1.29T market cap. The actual stablecoin market is ~$290B (USDT $184B + USDC $74B + everything else). That's 4.4x reality.

- Wrapped: 340 tokens, $432.96B. The real wrapped-token market is on the order of $60B. That's ~7x reality.

- Meme: $182.39B vs ~$60–80B actual — 2–3x.

There are not $1.29 trillion of stablecoins in existence. Something in the aggregation is badly off.

The likely culprit is double-counting multi-chain instances. Your own Wrapped FAQ describes the model — "one instance [of WBTC] on Avalanche (0xa86a)... another on Ethereum (0x171)" — and I verified that per-chain instances carry the full native market cap, not a pro-rated slice (both $NPC leaderboard rows show ~$177M against a $177M real total). Sum those instances and every multi-chain asset gets counted N times.

This one matters more than a single bad row: a researcher sizing a sector from this page walks away with a fantasy number, and it's checkable against any aggregator in 30 seconds. Two possible fixes: dedupe per underlying asset when rolling up (count each asset's mcap once), or stop calling the column "market cap" if it's really "sum across all tracked instances".

Checked on the public categories page 2026-10-04, no login, reproducible on reload.