%Circ vs %Total

Percent of circulating supply versus percent of total supply compares the same release against two different supply denominators.

TradFi parallel: Like sizing a secondary share offering against the public float versus against total shares outstanding. The first tells you what hits the tape next week; the second tells you how far through the capital structure the company has worked.

Key Takeaways

01
Start with the definition: Percent of circulating supply versus percent of total supply compares the same release against two different supply denominators.
02
Read the governing documentation before treating a label as a supply conclusion
03
Separate scheduled entitlement, contractual transferability, and actual circulating supply
04
Use dated on-chain or canonical data for any amount, percentage, or event date
05
A buyback, unlock, burn, or reward label does not by itself establish the net supply effect
06
Remove or qualify any project-specific conclusion that cannot be reproduced from a primary source

How It Works

Percent of circulating supply versus percent of total supply compares the same release against two different supply denominators.

The label alone does not establish a token's current supply impact. To evaluate %circ vs %total, read the governing token documentation and contract rules, distinguish scheduled entitlement from tokens that are actually transferable or circulating, and use dated on-chain data for any quantity. Do not infer a burn, price effect, holder behavior, or release amount from the label alone.

When a claim depends on a figure, date, allocation, fee route, or prior market event, retain it only when the underlying primary document, governance record, contract state, or reproducible data snapshot is available. Otherwise state the mechanism generally and leave the project-specific conclusion out.