Token supply explained
How much of each token exists? Plain-English supply explainers for 10 major tokens. Learn about hard caps, emission schedules, burn mechanisms, and what they mean for investors.
What is crypto supply?
Every token has a different supply model. Some have a fixed maximum (like Bitcoin's 21 million cap). Others issue new coins on a schedule (like Solana's annual emission). Understanding a token's supply type is essential for evaluating its long-term value proposition.
🔒 Hard-capped supply
A hard limit on total coins that will ever exist.
BTC supply
Bitcoin has a hard cap of 21 million coins. No more will ever be created. Explore circulating supply, halving schedule, and why the fixed supply matters.
Total: 21,000,000
XRP supply
XRP caps at 100 billion tokens. Ripple holds a large portion in escrow, releasing up to 1 billion monthly. Explore circulating supply.
Total: 100,000,000,000
SHIB supply
SHIB has a nearly fixed supply of ~1 quadrillion tokens. No new SHIB will ever be minted. See what happened to the burned tokens.
Total: 999,982,287,232,215
📊 Capped with emissions
A maximum supply, but new coins may be created until the cap is reached.
AVAX supply
Avalanche caps total supply at 720 million AVAX. Explore circulating supply, staking ratios and remaining emissions.
Total: 430,271,500
BNB supply
BNB has a max supply of 200 million tokens. Binance conducts quarterly auto-burns to reduce supply toward the cap. Explore current figures.
Total: 153,856,150
ADA supply
Cardano caps total supply at 45 billion ADA. A large portion is still not circulating. See the full supply breakdown and staking impact.
Total: 45,000,000,000
MATIC supply
Polygon has a fixed max supply of 10 billion MATIC tokens. Only a fraction are currently circulating. See the full breakdown.
Total: 10,000,000,000
📈 Inflationary / emission schedule
New coins are issued over time according to a published schedule.
DOGE supply
Dogecoin has no hard cap. 5 billion new DOGE are minted every year, creating a steady 1% inflation rate. See why this matters.
Total: 147,000,000,000
ETH supply
Ethereum has no hard cap. New ETH is minted as block rewards while EIP-1559 burns fees. Explore net issuance, circulating supply and the impact of burning.
Total: 120,230,000
SOL supply
Solana issues new tokens each year with a decreasing emission rate. Staked tokens reduce the liquid supply. See the schedule and circulating figures.
Total: 477,000,000
Key terms
- Total supply
- The number of coins currently in existence minus any burned coins.
- Circulating supply
- Coins that are freely traded on exchanges and not locked or restricted.
- Max supply
- The absolute upper limit of coins that will ever exist (if any).
- Fully diluted valuation
- Market cap if all future coins were already in circulation.