GuideAPI Doc

Circulating Supply

Total coins currently available for trading in the market.

Overview
Represents the effective supply — removing lost, burned, or locked coins from total issuance.

Interpretation

  • 📈 Rising circulating supply → inflation or unlock events.

  • 📉 Declining → burn or long-term storage.

Formula (Latex)

C i r c u l a t i n g S u p p l y = I s s u e d S u p p l y − ( C o i n s l o c k e d + C o i n s l o s t + C o i n s b u r n e d ) CirculatingSupply = IssuedSupply - (Coins_{locked} + Coins_{lost} + Coins_{burned})

Insights
A key input for market cap and valuation ratios like MVRV and Stock-to-Flow.

Available Metrics