The circulating supply of a token indicator stands for the number of that tokens that are currently in circulation, or being traded on the open market.
💡 How can I use it?
Ribbon Finance (RBN) Circulating Supply
This is an important metric to consider when evaluating a token, as it can give you an idea of how much of the total supply is available for investors to buy and sell. This can further illustrate what percentage is still waiting to be unlocked and its unlocking trends.
The total supply of a token equals the total number of tokens that will ever be created, while the circulating supply is the number of tokens that are currently in circulation. It's important to keep this relationship in mind, since as more tokens become available to trade its demand can lose strength.
The graph above shows the circulating supply of RBN, it can be seen how the circulating supply has increased over time when the protocol’s team and investors' shares come into circulation after their cliff time ends.
