Total supply refers to the total number of coins or tokens that currently exist for a cryptocurrency, excluding any that have been burned. It includes all tokens that are in circulation and those that are locked, staked, or reserved by the project team or foundation.
Total Supply
What is total supply?
Total supply refers to the total number of coins or tokens that currently exist for a cryptocurrency, excluding any that have been burned (permanently removed from circulation). It includes all tokens that are in circulation and those that are locked, staked, or reserved by the project team or foundation.
In other words, total supply = coins already issued – coins that have been burned.
This metric is important for traders and investors because it provides a broader view of a cryptocurrency’s monetary structure and inflation potential compared to circulating supply, which only counts tokens actively available on the market. A project with a large total supply relative to its circulating supply may have significant token unlocks or emissions ahead, which can impact price and market perception.
Total supply helps determine market capitalization and analyze tokenomics when compared with max supply (the hard cap of tokens that can ever exist). By studying these metrics together, traders can evaluate a cryptocurrency’s scarcity, inflation rate, and long-term value potential.
