Glossary
Supply
Also called: circulating supply
How many units exist. Circulating supply counts what is actually in hands; total supply counts everything created, including what is locked or held by the team.
See also
Market capPrice multiplied by circulating supply. It describes what the last trade implies, not what could be realised — a large market cap over a small pool of liquidity is a number, not money.
Fully diluted valuationPrice multiplied by total eventual supply. The gap between FDV and market cap is the value of tokens not yet in circulation, which will have to be sold to someone.
Last checked 19 Oct 2026.