What You Need to Know About Polkadot‘s Circulating Supply79

Polkadot (DOT) is a blockchain platform that allows developers to build and connect decentralized applications. The platform's native token, DOT, is used to pay for transaction fees, stake on the network, and vote on governance proposals. The total supply of DOT is capped at 1,000,000,000 DOT, and the current circulating supply is approximately 922,648,725 DOT.

How is DOT's Circulating Supply Calculated?

The circulating supply of DOT is calculated by subtracting the amount of DOT that is locked in staking from the total supply. Staking is a process by which DOT holders can earn rewards by locking their tokens on the network. The amount of DOT that is locked in staking varies over time, but it is currently around 63%. This means that the circulating supply of DOT is currently approximately 922,648,725 DOT.

What Factors Affect the Circulating Supply of DOT?

A number of factors can affect the circulating supply of DOT, including:* Staking: When DOT holders stake their tokens, they remove them from the circulating supply. This can reduce the circulating supply and increase the price of DOT.
* New issuance: The Polkadot network issues new DOT tokens on a regular basis to reward validators and to fund development. This can increase the circulating supply and put downward pressure on the price of DOT.
* Demand: The demand for DOT can also affect the circulating supply. If demand for DOT increases, the price of the token will likely rise, which could encourage holders to sell their tokens and increase the circulating supply.

How to Track the Circulating Supply of DOT

You can track the circulating supply of DOT using a number of different sources, including:* CoinMarketCap: CoinMarketCap is a website that provides real-time data on the prices and market caps of cryptocurrencies. You can find the circulating supply of DOT on CoinMarketCap's DOT page.
* Polkadot Network Explorer: The Polkadot Network Explorer is a website that provides data on the Polkadot network, including the circulating supply of DOT. You can find the circulating supply of DOT on the Explorer's Supply page.
* Polkadot Wiki: The Polkadot Wiki is a website that provides information on the Polkadot network, including the circulating supply of DOT. You can find the circulating supply of DOT on the Wiki's Token page.

Conclusion

The circulating supply of DOT is an important metric to track if you are interested in investing in the Polkadot network. A number of factors can affect the circulating supply of DOT, including staking, new issuance, and demand. You can track the circulating supply of DOT using a number of different sources, including CoinMarketCap, the Polkadot Network Explorer, and the Polkadot Wiki.

2024-12-04

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