Dictionary Tokens & Tokenomics
Circulating Supply
Also known as circulating tokens tokens in circulation
Circulating supply is the number of coins or tokens currently available to trade in the market. It excludes units that are locked, reserved by a project or not yet issued. Data providers may calculate it differently, especially for tokens with complex vesting schedules, so figures can vary between sources. Circulating supply multiplied by price gives market capitalisation, which is why changes in supply can matter as much as price.