Circulating Supply (Crypto Glossary Definition):
Circulating Supply in the context of cryptocurrency refers to the quantity of coins or tokens of a specific digital currency that is readily available and actively trading within the open market. These are the units of the cryptocurrency that are accessible to the public for buying, selling, and trading.
The Circulating Supply value is subject to change over time due to various factors, depending on the cryptocurrency in question. For instance, in the case of Bitcoin, the Circulating Supply gradually increases as new coins are mined through the process of blockchain validation. Conversely, certain events, such as coin burns conducted by projects like Binance, can lead to a decrease in the Circulating Supply by permanently removing coins from circulation.