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Circulating Supply

Circulating supply refers to the number of cryptocurrency tokens or coins that are publicly available and actively circulating in the market. It includes assets that can be freely traded, excluding tokens that are locked, reserved, or not yet released. Circulating supply is used alongside price data to calculate market capitalization. Changes in circulating supply can occur due to token releases, burns, or vesting schedules. This metric helps provide a clearer picture of actual market liquidity.