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How Is ‘Circulating Supply’ Calculated for a Cryptocurrency?

Total supply minus locked, burned, or unreleased vested tokens; used to calculate market capitalization.
Greeks.Live17.11.25

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).

What Is the Difference between a Token’s “Circulating Supply” and Its “Total Supply”?
How Do Locked Tokens Influence the Circulating Supply Metric?
How Does the Release of Vested Tokens Affect the Fully Diluted Valuation (FDV)?
What Is “Market Capitalization” in Cryptocurrency?

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