Circulating Supply

Circulating supply refers to the amount of a given cryptoasset unrestricted and publicly tradable at a certain time. This differs from issued supply in that tokens locked due to staking, or other restrictions are not included in circulating supply. Definitions of and methodologies for calculating circulating supply can vary across the blockchain industry; for example, Smith + Crown does not include community treasury or reserve holdings in circulating supply calculations, while other organizations may.