Where can I see a real-time graph of the circulating supply of Polymath (POLY) coins?

PolygonScan, the official Polygon block explorer, provides valuable real-time data on POLY's circulating supply, which is crucial for evaluating its market availability and potential as an investment.

Dec 27, 2024 at 12:39 pm

Key Points:

• PolygonScan is the official block explorer for the Polygon network, providing real-time data on the circulating supply of POLY.
• Alternative sources for monitoring POLY's circulating supply include CoinGecko and CoinMarketCap.
• Understanding the circulating supply of a cryptocurrency is crucial for assessing its market availability and potential value.

1. PolygonScan: The Official Polygon Block Explorer

PolygonScan is the comprehensive block explorer for the Polygon network, offering detailed insights into all on-chain activities. Among its various features, PolygonScan displays the real-time circulating supply of POLY coins.

To access this data:

• Navigate to https://polygonscan.com/
• Search for "POLY" in the search bar.
• Head to the "Token Tracker" page for POLY.
• Scroll down to the "Circulating Supply" section to find the current circulating supply in POLY.

2. CoinGecko: Cryptocurrency Data Provider

CoinGecko is a popular platform that provides comprehensive information on a wide range of cryptocurrencies, including POLY. Its real-time data includes the circulating supply of POLY.

To access this data:

• Visit https://www.coingecko.com/en/coins/polymath
• Locate the "Circulating Supply" metric in the overview section.

3. CoinMarketCap: Cryptocurrency Price and Market Cap Data

CoinMarketCap is another leading source for cryptocurrency data, offering detailed information on market cap, prices, and circulating supply. For POLY, CoinMarketCap provides the following data:

• Circulating Supply: https://coinmarketcap.com/currencies/polymath/
• Total Supply: https://coinmarketcap.com/currencies/polymath/markets/

Understanding Circulating Supply

The circulating supply of a cryptocurrency represents the actual number of coins in circulation and readily available for trading. It is calculated by subtracting the number of coins lost, burned, or locked in long-term contracts from the total supply.

Monitoring the circulating supply is crucial for several reasons:

• It helps determine the market availability and liquidity of the cryptocurrency.
• It allows investors to assess the potential value of the cryptocurrency based on its supply dynamics.
• It provides insights into the overall supply and demand dynamics, which can influence price movements.

FAQs

Q: What is the difference between circulating supply and total supply?
A: Circulating supply refers to the coins actively circulating in the market, while total supply includes all coins ever created, including those locked or lost.

Q: Why is circulating supply important?
A: Circulating supply provides an estimate of the scarcity of a cryptocurrency, which can influence its price. A lower circulating supply relative to demand generally indicates higher scarcity and potential value.

Q: How can I track the circulating supply of multiple cryptocurrencies simultaneously?
A: Cryptocurrency portfolio trackers, such as Delta or Blockfolio, allow users to monitor the circulating supply of various coins in a single interface.