The circulation of Chainlink (LINK) tokens is a topic of interest for many blockchain enthusiasts and investors. Currently, the total supply of LINK is capped at 1 billion tokens, but not all of them are actively circulating in the market. The circulating supply represents the number of tokens that are available for trading and can influence the token’s market dynamics considerably. As of now,approximately 500 million LINK tokens are in circulation,making it crucial to stay updated on changes that can impact the price and availability of this digital asset.
Several factors contribute to the fluctuation of LINK’s circulating supply, including token burns and the release schedule from the project’s treasury. Here are some key points to remember:
- Token Burns: Periodic burns can reduce the total supply.
- Vesting period: Tokens allocated to team members and advisors frequently enough have a vesting schedule.
- Market Demand: Increased demand can lead to a decrease in circulating availability.