Crypto Token Supply: What’s the Difference Between Maximum, Circulating and Total Supply? – CoinDesk

The supply of some cryptocurrencies fluctuates, making maximum supplies hard to quantify. LUNA, for instance, is created and burned to keep the price of UST, a US dollar-pegged stablecoin issued on the Terra ecosystem, equal to $1. While Ethereum now burns a portion of coins sent as a transaction fee instead of handing it all to miners, following the implementation of EIP-1559 in August 2021.

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