How Is ‘Circulating Supply’ Calculated for a Cryptocurrency?
Circulating supply is the number of tokens currently available and actively traded in the market. It is calculated by taking the total supply and subtracting tokens that are verifiably locked, burned, or unreleased from vesting schedules.
It is the key metric used to calculate a token's market capitalization (Circulating Supply Price).
Glossar
Circulating Supply Calculation
Derivation ⎊ Circulating supply calculation within cryptocurrency necessitates a precise accounting of tokens that are publicly available for trade, excluding those locked in vesting contracts, held by project teams, or residing in unreleased reserves.
Circulating Supply
Token ⎊ The circulating supply within cryptocurrency contexts represents the number of tokens currently available and actively traded on exchanges or held by investors, excluding those locked in smart contracts, staking agreements, or otherwise inaccessible.