Total supply is the number of tokens that currently exist, often excluding tokens that have been burned.
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Short definition
Total Supply is total supply is the number of tokens that currently exist, often excluding tokens that have been burned.
Simple explanation
Total supply can differ from circulating supply and max supply.
Why it matters
Total supply helps readers understand the current created token amount, but not necessarily how many are liquid or circulating.
Example context
A token may have 1 billion total supply and 200 million circulating supply.