Total Supply
All tokens that currently exist, including locked ones, minus any that have been burned.
✦ Key Insight
The gap between total and circulating supply is the queue of tokens waiting to reach the market.
✕ Common Misconceptions
Confusing total with max supply when calculating dilution. Also missing that a contract with an active mint authority can raise total supply at will.
Detailed Explanation
In Practice
Dig Deeper
Wallet
Software or hardware that stores your private keys and lets you sign transactions.
Token
An asset created by a smart contract on an existing blockchain rather than being that blockchain's native currency.
Blockchain
A shared, append-only record of transactions maintained by many independent computers at once.
Transaction
A blockchain transaction is a signed or authorized instruction that changes blockchain state or transfers value when accepted by the network.