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Blockchain & Crypto vocabulary · Coins & Tokens

Circulating supply

Meaning in blockchain & crypto, with examples

nounCommon term

In blockchain & crypto, circulating supply means: The number of coins or tokens that are currently available and moving in the market, not counting those that are locked, reserved or not yet created.

In Turkish: dolaşımdaki arz, dolaşımdaki miktar

How it is used

Shown on price-tracking sites next to total supply (all tokens created so far, minus any burned) and max supply (the hard limit, such as 21 million for Bitcoin). Market cap is usually calculated from the circulating supply.

Example sentences

  1. The circulating supply is only a quarter of the total, because most tokens are still locked.

  2. When a large unlock happens, the circulating supply can jump overnight.

Common collocations

  • total supply
  • max supply
  • circulating supply data
  • increase the circulating supply
  • market capShort for market capitalization: the total value of a cryptocurrency, found by multiplying its current price by the number of coins in circulation.
  • tokenomicsThe economic design of a token: how many exist, how they are created and distributed, who receives them and when, and what they can be used for.
  • halvingA built-in event in Bitcoin's code that cuts the block reward for miners in half every 210,000 blocks, roughly every four years, slowing down the creation of new coins.
  • tokenA digital asset created on top of an existing blockchain, usually by a smart contract, rather than on its own network. Tokens can stand for money, voting rights, access to a service or a unique item.

More terms: Coins & Tokens

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