What Is the Difference between "Circulating Supply" and "Total Supply"? ▴ Learn

What Is the Difference between “Circulating Supply” and “Total Supply”?

Circulating supply is the number of tokens currently available and actively trading in the public market. Total supply is the total number of tokens that have been created, minus any tokens that have been verifiably burned.

The total supply includes tokens that are locked in vesting schedules or held in project reserves. Circulating supply is used to calculate market capitalization.

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