# Do Rebase Tokens Have a Maximum Supply? ⎊ Path

**Published:** 2025-12-04
**Author:** Greeks.live
**Categories:** Path

---

## Do Rebase Tokens Have a Maximum Supply?

Rebase tokens do not have a maximum supply in the traditional sense. Because the supply is constantly adjusting, there is no fixed cap on the number of tokens that can be in circulation.

However, this does not mean that the supply can increase indefinitely. The rebase mechanism is designed to keep the supply in check and maintain the target price.

The total value of the network is what matters, not the number of tokens.

- [Are There Any Strategies for Trading Rebase Tokens around Rebase Events?](https://learn.greeks.live/path/are-there-any-strategies-for-trading-rebase-tokens-around-rebase-events/)

- [What Is the Difference between a Positive and Negative Rebase?](https://learn.greeks.live/path/what-is-the-difference-between-a-positive-and-negative-rebase/)

- [Are There Any Rebase Tokens That Have a Continuous Rebase Mechanism?](https://learn.greeks.live/path/are-there-any-rebase-tokens-that-have-a-continuous-rebase-mechanism/)

- [How Do Exchanges and Wallets Handle the Display of Rebase Tokens?](https://learn.greeks.live/path/how-do-exchanges-and-wallets-handle-the-display-of-rebase-tokens/)

- [How Does the Rebase Frequency Affect the User Experience of Holding a Rebase Token?](https://learn.greeks.live/path/how-does-the-rebase-frequency-affect-the-user-experience-of-holding-a-rebase-token/)

- [How Does the Taxation of Rebase Tokens Differ from Other Cryptocurrencies?](https://learn.greeks.live/path/how-does-the-taxation-of-rebase-tokens-differ-from-other-cryptocurrencies/)

- [What Happens If a Rebase Token Consistently Fails to Meet Its Target Price?](https://learn.greeks.live/path/what-happens-if-a-rebase-token-consistently-fails-to-meet-its-target-price/)

- [How Do Rebase Tokens Differ from Other Types of Cryptocurrencies?](https://learn.greeks.live/path/how-do-rebase-tokens-differ-from-other-types-of-cryptocurrencies/)

## Glossar

### [Maximum Supply](https://learn.greeks.live/area/maximum-supply/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Scarcity ⎊ Maximum supply, within cryptocurrency, defines the finite quantity of a digital asset that will ever exist, fundamentally influencing its potential value proposition through constrained availability.

### [Rebase Tokens](https://learn.greeks.live/area/rebase-tokens/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Mechanism ⎊ Rebase tokens represent a unique class of cryptocurrency designed with a dynamic supply, adjusting the number of tokens in each wallet based on algorithmic rules or external factors, differing fundamentally from tokens with fixed maximum supplies.

### [Elastic Supply](https://learn.greeks.live/area/elastic-supply/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Supply ⎊ The concept of elastic supply, within cryptocurrency derivatives and financial engineering, describes a responsiveness of the available asset quantity to price fluctuations.

### [Rebase Mechanism](https://learn.greeks.live/area/rebase-mechanism/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)

Mechanism ⎊ A supply adjustment technique where the total number of outstanding tokens is proportionally altered across all holders based on a predetermined algorithmic rule set.

## Discover More

### [Are There Any Rebase Tokens That Do Not Have a Target Price?](https://learn.greeks.live/path/are-there-any-rebase-tokens-that-do-not-have-a-target-price/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![Are There Any Rebase Tokens That Do Not Have a Target Price?](https://learn.greeks.live/wp-content/uploads/2025/10/Aerodynamic-Control-Surface-Configuration-Representing-Decentralized-Autonomous-Organization-Governance-Structures.webp)

Yes, some "free-floating" rebase tokens, like Olympus DAO's OHM, use the rebase mechanism to control volatility rather than to maintain a peg.

### [Define 'Circulating Supply' in Crypto Economics](https://learn.greeks.live/path/define-circulating-supply-in-crypto-economics/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![Define 'Circulating Supply' in Crypto Economics](https://learn.greeks.live/wp-content/uploads/2025/10/Robotic-Sensor-Array-Visualizing-Algorithmic-High-Frequency-Quant-Trading-Protocol-Execution.webp)

The number of coins publicly available and actively trading in the market, used to calculate Market Cap.

### [How Is Market Capitalization Calculated Using Token Supply?](https://learn.greeks.live/path/how-is-market-capitalization-calculated-using-token-supply/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Is Market Capitalization Calculated Using Token Supply?](https://learn.greeks.live/wp-content/uploads/2025/10/Decentralized-Finance-Protocol-Governance-Token-Unlocking-Mechanism-Revealing-Underlying-Asset-Volatility-Surface.webp)

Market Cap = Circulating Supply multiplied by Current Market Price.

### [What Is the Difference between "Circulating Supply" and "Total Supply"?](https://learn.greeks.live/path/what-is-the-difference-between-circulating-supply-and-total-supply-2/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Is the Difference between "Circulating Supply" and "Total Supply"?](https://learn.greeks.live/wp-content/uploads/2025/10/Decentralized-Exchange-Mechanism-Structural-Integrity-Cross-Sectional-Derivative-Collateralization-Analysis.webp)

Circulating supply is the public tradable amount, while total supply is all created tokens minus burned ones.

### [How Does a Fork in the Blockchain Potentially Affect the Supply Limit?](https://learn.greeks.live/path/how-does-a-fork-in-the-blockchain-potentially-affect-the-supply-limit/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Does a Fork in the Blockchain Potentially Affect the Supply Limit?](https://learn.greeks.live/wp-content/uploads/2025/10/Macro-Photography-of-Hard-Disk-Platter-Spindle-Assembly-Symbolizing-On-Chain-Settlement-Latency.webp)

A hard fork can create a new chain with a modified supply limit, but the original chain's hard cap remains unchanged by the fork.

### [How Does a 'Buyback and Burn' Mechanism Affect the Circulating Supply and Token Price?](https://learn.greeks.live/path/how-does-a-buyback-and-burn-mechanism-affect-the-circulating-supply-and-token-price/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Does a 'Buyback and Burn' Mechanism Affect the Circulating Supply and Token Price?](https://learn.greeks.live/wp-content/uploads/2025/10/High-Fidelity-Digital-Asset-Volatility-Surface-Modeling-for-DeFi-Option-Pricing-Mechanisms.webp)

It reduces circulating supply, which typically creates upward pressure on the token price and signals value accrual.

### [How Does "Burning" a Token Affect Its Supply and Price?](https://learn.greeks.live/path/how-does-burning-a-token-affect-its-supply-and-price/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Does "Burning" a Token Affect Its Supply and Price?](https://learn.greeks.live/wp-content/uploads/2025/10/Precision-Engineering-of-Decentralized-Finance-Option-Pricing-Oracles-Utilizing-Trackball-Input-Mechanics.webp)

Permanent Removal from Supply. downarrow Total Supply. uparrow Scarcity → uparrow Price 41.

### [How Does Accelerated Vesting Impact a Project's Circulating Supply and Market Capitalization?](https://learn.greeks.live/path/how-does-accelerated-vesting-impact-a-projects-circulating-supply-and-market-capitalization/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![How Does Accelerated Vesting Impact a Project's Circulating Supply and Market Capitalization?](https://learn.greeks.live/wp-content/uploads/2025/10/Futuristic-Lever-Mechanism-Over-Planetary-Body-Symbolizing-Decentralized-Autonomous-Organization-Governance-Mechanisms.webp)

It increases circulating supply immediately, which typically exerts downward pressure on the token price and market cap.

### [What Are the Historical Examples of Successful and Failed Rebase-Based Stablecoins?](https://learn.greeks.live/path/what-are-the-historical-examples-of-successful-and-failed-rebase-based-stablecoins/?utm_source=crypto.greeks.live&utm_medium=referral&utm_campaign=satellite)
![What Are the Historical Examples of Successful and Failed Rebase-Based Stablecoins?](https://learn.greeks.live/wp-content/uploads/2025/10/Perfectly-Balanced-Leveraged-Token-Positioning-Demonstrating-Delta-Hedging-Equilibrium-In-Illiquid-Crypto-Markets.webp)

Ampleforth (AMPL) is a well-known example that failed to maintain stability due to its volatile supply changes; long-term successes are rare.

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**Original URL:** https://learn.greeks.live/learn/do-rebase-tokens-have-a-maximum-supply/
