# Circulating Supply

> How many coins or tokens are actually in the market right now and free to trade.

Canonical URL: https://fudfomo.co/glossary/circulating-supply
Source: What The Block! Dictionary v1.0 (last updated 2026-04-25), browsable at https://wtb.fudfomo.co.

## Definition

Circulating supply is the number of coins or tokens that are currently in public hands and able to be traded. It excludes coins that are locked up, held by the team under vesting, or yet to be released.

It is the figure used in the standard market cap calculation. Comparing circulating supply with total supply tells you how much new supply could enter the market over time.

## Related terms

- [Market Cap](https://fudfomo.co/glossary/market-cap): The current price of a coin multiplied by how many are in circulation. A rough size measure.
- [Total Supply](https://fudfomo.co/glossary/total-supply): The maximum number of coins or tokens that will ever exist for a project.
- [Vesting](https://fudfomo.co/glossary/vesting): A schedule that releases tokens to founders, investors, or staff gradually over time.
- [Tokenomics](https://fudfomo.co/glossary/tokenomics): The economic design of a token: total supply, how it is distributed, and how it changes over time.

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