LIVE
BTC$64,220.00 1.04%ETH$1,806.53 1.13%USDT$0.9993 0.03%BNB$587.94 0.34%USDC$0.9999 0.03%XRP$1.15 0.44%SOL$82.34 0.85%TRX$0.3291 0.15%FIGR_HELOC$1.04 0.52%HYPE$71.18 0.31%DOGE$0.0770 1.49%USDS$0.9998 0.01%RAIN$0.0151 0.22%LEO$9.39 1.40%ZEC$453.84 1.96%ADA$0.1846 2.78%XLM$0.2010 1.51%WBT$57.58 0.30%XMR$324.01 1.48%LINK$8.05 0.20%CC$0.1386 1.88%BCH$245.55 1.23%GRAM$1.79 0.84%LAB$15.52 7.02%DAI$0.9998 0.02%USD1$0.9986 0.02%USDE$0.9987 0.02%LTC$45.27 1.09%HBAR$0.0732 3.75%USDG$0.9999 0.01%BTC$64,220.00 1.04%ETH$1,806.53 1.13%USDT$0.9993 0.03%BNB$587.94 0.34%USDC$0.9999 0.03%XRP$1.15 0.44%SOL$82.34 0.85%TRX$0.3291 0.15%FIGR_HELOC$1.04 0.52%HYPE$71.18 0.31%DOGE$0.0770 1.49%USDS$0.9998 0.01%RAIN$0.0151 0.22%LEO$9.39 1.40%ZEC$453.84 1.96%ADA$0.1846 2.78%XLM$0.2010 1.51%WBT$57.58 0.30%XMR$324.01 1.48%LINK$8.05 0.20%CC$0.1386 1.88%BCH$245.55 1.23%GRAM$1.79 0.84%LAB$15.52 7.02%DAI$0.9998 0.02%USD1$0.9986 0.02%USDE$0.9987 0.02%LTC$45.27 1.09%HBAR$0.0732 3.75%USDG$0.9999 0.01%
G.MARKETS/PAIR ANALYSIS·Waves logoWAVESTether logoUSDT· LIVE· as of 22:51 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap

WAVES WOULD BE
$0.00000000
currently $0.2637 · target mcap $184.21B
MULTIPLIER
0.00x

WAVES needs a 7.0Kx move to match USDT's valuation

COIN PROFILES·WAVES vs USDT
Waves logo
Waves
SOURCE

Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions, aiming to raise security, reliability and speed of IT systems.

PRICE$0.2637
24H CHANGE 0.90%
MARKET CAP$26.81MFDV $26.81M · Fully circulating
RANK#701
SUPPLY100.0M WAVES
DOMINANCE<0.01%
VS
Tether logo
USDTVerified by G.MARKETS
Tether
TARGET

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

PRICE$0.9993
24H CHANGE 0.03%
MARKET CAP$184.21BFDV $189.67B · 3% supply locked
RANK#3
SUPPLY184.3B USDT
DOMINANCE6.14%
7d 0.10%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
6.9Kx bigger
WAVES$26.81M
USDT$184.21B
THE CLIMBWaves logoWAVESTether logoUSDTMULTIPLIER 6.9KxGAP$184.18B
$100.00M$1.00B$10.00B$100.00B
Waves logo
SOURCEWAVES$26.81M
Tether logo
TARGETUSDT$184.21B
GALA logo
GALA$110.62M
Genius logo
GENIUS$126.37M
Theta Network logo
THETA$144.94M
The Black Bull logo
ANSEM$170.86M
Tradable NA Rent Financing Platform SSTN logo
PC0000031$202.50M
Unibase logo
UB$253.47M
First Digital USD logo
FDUSD$347.40M
TrueUSD logo
TUSD$493.56M
ADI logo
ADI$736.15M
Ethereum Classic logo
ETC$1.12B
World Liberty Financial logo
WLFI$1.88B
LAB logo
LAB$4.85B
log scale · mcap in USDJul 6, 2026
Waves logo
WAVESWaves
$26.81MSOURCE
GALA logo
GALA
$110.62M
Genius logo
GENIUS
$126.37M
Theta Network logo
THETA
$144.94M
The Black Bull logo
ANSEM
$170.86M
Tradable NA Rent Financing Platform SSTN logo
PC0000031
$202.50M
Unibase logo
UB
$253.47M
First Digital USD logo
FDUSD
$347.40M
TrueUSD logo
TUSD
$493.56M
ADI logo
ADI
$736.15M
Ethereum Classic logo
ETC
$1.12B
World Liberty Financial logo
WLFI
$1.88B
LAB logo
LAB
$4.85B
Tether logo
USDTTether
$184.21BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF WAVES HIT USDT MCAP·TARGET $1,842.11
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 WAVES$26.37$184,210.69+$184,184.32
Coffee money1K WAVES$263.69$1,842,106.93+$1,841,843.25
Small bag10K WAVES$2,636.86$18,421,069.34+$18,418,432.48
Real bag100K WAVES$26,368.60$184,210,693.45+$184,184,324.85
Whale bag1M WAVES$263,686.00$1,842,106,934.45+$1,841,843,248.45
Generational10M WAVES$2,636,860.00$18,421,069,344.50+$18,418,432,484.50
$184.21B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.9% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 48.5% of Netflix
UberUBER
$160.00B
USDT mcap is 1.15× Uber
NikeNKE
$130.00B
USDT mcap is 1.42× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.84× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.05× Spotify

About this comparison

This page compares the market capitalizations of Waves (WAVES) and Tether (USDT). With Waves currently at $0.2637 per coin and a market cap of $26.81M, and Tether at $0.9993 with a market cap of $184.21B, applying Tether's market cap to Waves's circulating supply produces a hypothetical WAVES price of $1,842.11 — a 7.0Kx move from current.

Waves: Waves is an open blockchain protocol and development toolset for Web 3.0 applications and decentralized solutions, aiming to raise security, reliability and speed of IT systems.

Tether: Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

If Waves had Tether's market cap, what would the price be?

If Waves (WAVES) had Tether's (USDT) current market cap of $184.21B, each WAVES would be worth approximately $1,842.11 based on the circulating supply of 100,000,000 WAVES. That is 7.0Kx the current WAVES price of $0.2637.

What is the current market cap of Waves?

Waves (WAVES) currently has a market cap of $26.81M, ranking #701 by market capitalization. Each WAVES trades at $0.2637.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.21B, ranking #3 by market capitalization. Each USDT trades at $0.9993.

How does WAVES compare to USDT?

Waves's market cap of $26.81M sits orders of magnitude beyond Tether's $184.21B. For WAVES to reach USDT's current valuation, the price would need to move 7.0Kx from its current level.

Is this comparison financial advice?

No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming Waves's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.