-
bitcoin $85343.484465 USD
-1.10% - ethereum
$2696.070631 USD
-1.12% - tether
$0.999777 USD
0.02% - bnb
$778.305358 USD
-1.96% - xrp
$1.495913 USD
-1.69% - usd-coin
$0.999928 USD
0.00% - solana
$119.756277 USD
-1.50% - tron
$0.336779 USD
0.49% - hyperliquid
$93.130732 USD
1.43% - zcash
$1323.364543 USD
-0.52% - dogecoin
$0.094328 USD
-2.10% - monero
$556.830654 USD
3.26% - chainlink
$13.825916 USD
-2.70% - cardano
$0.268672 USD
-1.04% - unus-sed-leo
$8.896156 USD
-0.17%
What is the circulation amount of Tornado Cash (TORN) coins?
As of [date], the circulating supply of TORN coins stands at approximately 36.6 million, indicating the availability of the majority of the 100 million total-supply TORN coins.
Dec 02, 2024 at 05:53 pm
Tornado Cash (TORN) is an Ethereum-based decentralized application that offers privacy-enhancing features for cryptocurrency transactions. It allows users to anonymize their transactions by mixing them with other transactions in a large pool. This makes it difficult for observers to track the origin or destination of funds.
Circulation Amount of TORN CoinsAs of [date], the circulating supply of TORN coins is approximately 36.6 million. The total supply of TORN coins is capped at 100 million.
Steps to Calculate the Circulation Amount of TORN Coins:- Obtain the total supply of TORN coins: This information can be found on the Ethereum blockchain or on TORN's official website.
- Subtract the amount of TORN coins that are locked in the Tornado Cash smart contract: The locked TORN coins represent the reserve that is used to facilitate mixing transactions.
- Subtract the amount of TORN coins that are held in the Treasury: The Treasury holds a portion of the TORN supply for funding development and other expenses.
- Add the amount of TORN coins that are held by exchanges: Exchanges hold TORN coins to facilitate trading.
- Add the amount of TORN coins that are held by wallets: Private wallets hold the majority of the TORN supply. These wallets include those of individual users, investors, and custodians.
The circulation amount of TORN coins is an important metric for several reasons:
- Market capitalization: The circulation amount is used to calculate the market capitalization of TORN, which is the total value of all circulating coins.
- Liquidity: The circulation amount affects the liquidity of TORN on exchanges. A higher circulation amount typically indicates higher liquidity.
- Scarcity: The limited supply of TORN coins makes it a scarce asset, which can contribute to its value.
- Staking rewards: A portion of the TORN supply is used for staking rewards, which incentivizes users to participate in the network.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- Cardano, Bitcoin, and Traders: Navigating Market Dynamics with AI Insights
- 2026-10-06 17:05:02
- Gold Declines Due to Dollar Pressure, All Eyes on the Middle East, Gold Prices: The Big Apple's Take on Gold's Rocky Ride
- 2026-10-06 16:55:01
- Morgan Stanley's Bitcoin ETF Holdings Soar Past 10,500 BTC, Signaling Wall Street's Deepening Crypto Embrace
- 2026-10-06 08:50:02
- ZachXBT Uncovers $12M in Bybit Exploit Funds Using Social Engineering
- 2026-10-06 08:55:01
- Crypto PACs Flex Muscle in US Midterms: Fairshake Backs House Candidates, Eyes Ohio Senate
- 2026-10-06 08:50:01
- Strategy Stock Surges as Bitcoin Holdings Hit Record High; MSTR Stock Shows Resilience Amidst Strategic Capital Allocation
- 2026-10-06 08:45:02
Related knowledge
What Is Solana SOL? A Complete Guide to Its Speed, Fees and Network Design
Sep 19,2026 at 04:39pm
Core Architecture and Consensus Innovation1. Solana employs a hybrid consensus model combining Proof of Stake (PoS) with Proof of History (PoH), a cry...
What Is Shiba Inu SHIB Used For? Understanding SHIB, Shibarium and Its Ecosystem
Sep 17,2026 at 05:59pm
Core Utility of SHIB Token1. SHIB serves as the foundational asset within the Shiba Inu ecosystem, functioning as a transferable ERC-20 token on Ether...
What Is Avalanche AVAX Used For? Understanding Staking and Avalanche Subnets
Sep 11,2026 at 07:40pm
Core Utility Functions of AVAX1. AVAX serves as the primary medium for settling transaction fees across all three native chains—X-Chain, C-Chain, and ...
What Is Cardano ADA Used For? Understanding Staking and the Cardano Ecosystem
Sep 19,2026 at 10:20am
Core Utility of ADA Tokens1. ADA serves as the native asset of the Cardano blockchain, functioning as the sole medium for settling transaction fees ac...
What Is Hyperliquid HYPE Used For? Understanding Its Token and Trading Network
Sep 12,2026 at 11:39am
Core Utility of HYPE Token1. HYPE serves as the native governance token of the Hyperliquid protocol, granting holders voting rights on critical upgrad...
What Is SUI Used For? Understanding SUI Staking and the Sui Ecosystem
Sep 11,2026 at 04:40pm
Bitcoin Halving Mechanics1. Bitcoin’s protocol enforces a fixed issuance schedule where block rewards are cut in half approximately every 210,000 bloc...
What Is Solana SOL? A Complete Guide to Its Speed, Fees and Network Design
Sep 19,2026 at 04:39pm
Core Architecture and Consensus Innovation1. Solana employs a hybrid consensus model combining Proof of Stake (PoS) with Proof of History (PoH), a cry...
What Is Shiba Inu SHIB Used For? Understanding SHIB, Shibarium and Its Ecosystem
Sep 17,2026 at 05:59pm
Core Utility of SHIB Token1. SHIB serves as the foundational asset within the Shiba Inu ecosystem, functioning as a transferable ERC-20 token on Ether...
What Is Avalanche AVAX Used For? Understanding Staking and Avalanche Subnets
Sep 11,2026 at 07:40pm
Core Utility Functions of AVAX1. AVAX serves as the primary medium for settling transaction fees across all three native chains—X-Chain, C-Chain, and ...
What Is Cardano ADA Used For? Understanding Staking and the Cardano Ecosystem
Sep 19,2026 at 10:20am
Core Utility of ADA Tokens1. ADA serves as the native asset of the Cardano blockchain, functioning as the sole medium for settling transaction fees ac...
What Is Hyperliquid HYPE Used For? Understanding Its Token and Trading Network
Sep 12,2026 at 11:39am
Core Utility of HYPE Token1. HYPE serves as the native governance token of the Hyperliquid protocol, granting holders voting rights on critical upgrad...
What Is SUI Used For? Understanding SUI Staking and the Sui Ecosystem
Sep 11,2026 at 04:40pm
Bitcoin Halving Mechanics1. Bitcoin’s protocol enforces a fixed issuance schedule where block rewards are cut in half approximately every 210,000 bloc...
See all articles
