Venice’s October VVV Burns Top $1M, Still Below New Issuance
VeniceStats puts October’s VVV burn value near $1.01 million so far. About 39,967 tokens were burned, still below new issuance at the current rate.
Total supply refers to the total number of cryptocurrency tokens or coins that currently exist, including those in circulation and those held in reserve by the project. It represents the maximum number of units that are available, excluding tokens that may be burned or locked. Total supply is a key factor in understanding token economics, as it affects scarcity, inflation, and potential market value. Unlike circulating supply, total supply accounts for tokens that are not yet released but are not permanently removed. This metric helps investors and users assess the overall availability and distribution of a cryptocurrency. It provides insight into long-term value and supply dynamics.
VeniceStats puts October’s VVV burn value near $1.01 million so far. About 39,967 tokens were burned, still below new issuance at the current rate.
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