Study Notes | Circulating Supply and Total Supply
① Circulating supply refers to the number of tokens currently circulating in the market, excluding tokens that are still locked.
② Total supply usually refers to all tokens that have been created, minus those that have been burned. It includes tokens that are still locked.
③ Don’t judge whether a token is expensive based only on its unit price. Market cap, calculated by multiplying the unit price by the circulating supply, is more useful for comparison.
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