Total Supply

Total Supply measures the total number of ICP tokens in existence, calculated as the cumulative minted tokens minus the cumulative burned tokens since the network’s inception. It represents the net circulating and non-circulating supply of ICP at any given time.

How it’s calculated

Total Supply = Total Mint − Total Burn

Aggregates all historical minting and burn transactions since genesis.

• Values are updated continuously as new mint and burn transactions occur.
• Provides a snapshot of net ICP supply at any given point in time.

What this metric highlights

• Reflects the overall size of the ICP economy, providing context for market capitalization and liquidity analysis.
• Shows the impact of protocol mechanisms such as token issuance, staking rewards, and burns on the net supply.
• Helps track long-term supply trends and network economic evolution.

Limitations

• Does not indicate distribution, holder type, or token availability; large portions of supply may be dormant, staked, or held on exchanges.

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