Circulating supply

An off-chain estimate of tokens considered available in the market under a provider's methodology.

In plain language

It may exclude locked, reserved or institutionally held balances and can differ across data providers.

Why it matters

It should not silently replace total issuance or the governance electorate in calculations.

Real Vara examples

ReferendumGovernanceExecutionDirect addresses

Related terms

Total supply · Total issuance · Electorate