What Is the Difference between a Token’s “Circulating Supply” and Its “Total Supply”?
Circulating supply is the number of tokens currently available and publicly tradable in the market. Total supply is the total number of tokens that have been created, minus any that have been verifiably burned.
The difference often includes tokens that are locked in vesting schedules, held in treasury reserves, or otherwise restricted from immediate trading.
Glossar
Supply
Allocation ⎊ Supply, within cryptocurrency and derivatives, fundamentally represents the distribution of an asset ⎊ whether a token, option contract, or synthetic derivative ⎊ across available market participants.
Total Supply
Circulation ⎊ Total Supply, within cryptocurrency, defines the amount of a given digital asset currently available for public use and trading, representing a critical metric for assessing market capitalization and potential price dynamics.