Token supply describes how many tokens exist, circulate, are locked, can be minted, or may be released over time.

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Short definition

Token Supply is token supply describes how many tokens exist, circulate, are locked, can be minted, or may be released over time.

Simple explanation

Supply numbers can include circulating supply, total supply, max supply, burned tokens, and locked tokens.

Why it matters

Supply affects market cap, FDV, dilution, unlock risk, and tokenomics analysis.

Example context

A project may have 10 billion total tokens but only 1 billion circulating at launch.

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