Available Supply

Definition ∞ Available supply represents the quantity of a digital asset currently in active circulation. This metric specifically refers to the tokens or coins that are not locked in smart contracts, held by inactive addresses, or otherwise restricted from immediate market participation. It directly influences market liquidity and the immediate dynamics of buying and selling pressure for a given cryptocurrency. Understanding this figure is essential for assessing an asset’s real-time market presence and potential price movements.
Context ∞ News often reports on changes in available supply due to token unlocks, staking reward distributions, or burning events, which can significantly impact an asset’s valuation. Debates center on the transparency and accuracy of reported available supply figures, particularly for newer projects with complex tokenomics. Future developments include improved on-chain data analysis tools that offer more precise real-time tracking of circulating and available token quantities.