Skip to main content
Learn

What Is the Difference between ‘Circulating Supply’ and ‘Total Supply’?

Circulating supply is tokens actively traded; total supply is all minted tokens minus burns; used for Market Cap and FDV calculation, respectively.
Greeks.Live07.11.25

What Is the Difference between ‘Circulating Supply’ and ‘Total Supply’?

Circulating supply is the number of tokens that are currently available and actively traded in the market. This excludes tokens that are locked in vesting contracts, held in the protocol's treasury, or permanently burned.

Total supply is the total number of tokens that have been minted, minus any that have been permanently burned. The maximum supply is the theoretical maximum number of tokens that will ever exist.

Circulating supply is used for calculating market capitalization, while total supply is used for Fully Diluted Valuation (FDV).

How Does the Inclusion of Stablecoins in the Total Market Cap Calculation Affect the Utility of the Bitcoin Dominance Ratio?
What Is the Difference between Circulating Supply and Total Supply in Crypto?
Why Is ‘Fully Diluted Valuation’ (FDV) Often Higher than Market Cap?
What Is the Difference between Market Capitalization and Fully Diluted Valuation?

About

Contact

Editorial Policy

Terms of Service

Privacy Policy

Cookie Policy

© 2025 Greeks.Live

All Rights Reserved

Greeks.Live RFQ

Build by Noo on Engine

Source: The content on this website is produced by Greeks.live's proprietary analysis systems, which utilize advanced Large Language Models (LLMs). This information might not be subject to a full human review before publication and may contain errors.
Responsibility: You should not make any financial decisions based solely on the content presented here. We strongly urge you to conduct your own rigorous due diligence and to consult a qualified, independent financial advisor.
Purpose: All information is intended for informational purposes only. It should not be construed as financial, investment, trading, or any other form of professional advice. News and data are not trading signals.
Risk: The cryptocurrency, derivatives, and options markets are highly volatile and carry significant risk. By using this site, you acknowledge these risks and agree that Greeks.live and its affiliates are not responsible for any financial losses you may incur.