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.
Glossar
Stablecoin Supply Mechanics
Mechanics ⎊ Stablecoin Supply Mechanics describe the protocol-driven or centralized processes governing the issuance and destruction of stablecoin tokens to maintain a fixed parity with a target asset, such as the US Dollar.
Elastic Supply Design
Algorithm ⎊ The design of an elastic supply mechanism relies on a pre-defined algorithm that programmatically adjusts the total token supply based on market conditions, often to maintain a price peg.
Total Token Supply
Tokenomics ⎊ The total token supply represents a foundational element of any cryptocurrency or tokenized asset, dictating its scarcity and influencing its potential value proposition within decentralized ecosystems.
Asset Supply Metrics
Metric ⎊ Asset supply metrics provide quantitative data on the distribution and availability of a cryptocurrency's total supply.
Protocol Supply Control
Architecture ⎊ Protocol Supply Control defines the embedded, immutable rules within a cryptocurrency's codebase that govern the total and circulating quantity of its native asset.
Liquid Supply Reduction
Mechanism ⎊ Liquid Supply Reduction refers to any protocol-driven or market-driven action that permanently or temporarily removes tokens from the readily tradable circulating supply.
Supply Demand Balance
Equilibrium ⎊ Supply demand balance within cryptocurrency, options, and derivatives markets represents a dynamic state where buying and selling pressures converge, establishing a price reflecting perceived value and risk.
Supply Shortages in Futures
Scarcity ⎊ Supply shortages in futures refer to a market condition where the quantity of the underlying digital asset available for physical delivery is critically low relative to the aggregate open interest in physically-settled futures contracts.
Digital Currency Supply
Issuance ⎊ Digital currency supply is governed by a pre-programmed issuance schedule embedded within the asset's protocol, dictating the rate at which new units enter circulation.
Supply and Demand Zones
Momentum ⎊ Supply and Demand Zones, within cryptocurrency derivatives and options trading, represent areas on a price chart where buying or selling pressure is anticipated to be significant, stemming from concentrated order flow.