Cryptocurrencies With High Circulating Supply

Cryptocurrencies With High Circulating Supply

In discussing cryptocurrency, words that are often used are scarcity and limited supply. While these features make the likes of Bitcoin appealing, there is another category of tokens that operate on the opposite end of this feature, which is crypto with a high circulating supply.

These assets already have billions or even trillions of their units in circulation, and they keep attracting investors due to how they are being used, their liquidity, and the roles they play in blockchain.

Additionally, it is necessary to know how supply in circulation affects volatility, valuation, and investment before you consider making a move. You must also consider that, as a large supply can make a token affordable and accessible, it can also turn out to be the opposite, depending on the demand growth.

Top Cryptocurrencies with High Circulating Supply in 2025

1. Tether (USDT)

Tether is the most circulated stablecoin in the market, with a supply exceeding 144 billion tokens. Its purpose is not to appreciate but to serve as a trading pair and store of value across crypto exchanges and decentralized platforms.

USDT has helped users move money quickly between wallets and exchanges. Recently, the coin has mined an additional $2 billion as it is anticipating higher demand, which means it is expanding the way it is being used in centralized and decentralized markets.

However, there are still concerns about its transparency and regulatory oversight, particularly in the United States and the European Union, but despite these risks, it is one of the most used coins in the market.

2. USD Coin (USDC)

USD Coin functions similarly to Tether, but it is a more transparent and regulated option. It currently has over 61 billion tokens in circulation. USDC has partnered with audited institutions and regulated financial entities to maintain transparency and can now be used in trading, DeFi lending, cross-border payments, and digital commerce.

USDC has gained popularity among institutions and developers who require reliable fiat tokens for complex transactions. Its growth remains tied to the broader adoption of tokenized dollars and the increasing demand for stable assets in DeFi and Web3 services.

3. Cardano (ADA)

Cardano’s total supply is capped at 45 billion ADA, with around 35 billion already in circulation. While not as inflated as meme tokens, this still places it among the highest supply assets in the large-cap category.

Interestingly, it is used for decentralized identity, smart contracts, and governance voting. While high supply has likely kept its price from rising quickly, the token is attractive to long-term holders who believe in its methodical development approach.

4. XRP

XRP operates with 58 billion tokens currently in circulation and a maximum of 100 billion. It has always stood out for its utility in cross-border payments and partnerships with financial institutions. Despite facing legal challenges from US regulators, XRP continues to be used by banks and payment providers for settlement processes.

However, its price movement remains dull as opposed to other assets due to the token’s high supply and ongoing court matters. Investors focused on utility over hype still view XRP as an asset worth holding in global finance.

5. Binance Coin (BNB)

Binance Coin has around 141 million tokens in circulation and passes through regular token burns to reduce its supply over time. As the native asset of the Binance exchange, BNB is used for trading fee discounts, staking, launchpad participation, and more.

The burn mechanism provides a counterbalance to inflation, helping support long-term price stability. Although regulatory challenges continue around Binance as an organization, BNB maintains strong demand across the exchange’s global user base.

6. Solana (SOL)

Solana has issued over 518 million tokens into circulation. While it’s known for its fast transaction speeds and low fees, the expansion of its supply since 2021 has raised concerns among analysts. Solana supports NFTs, DeFi applications, and issuing of stablecoins, making it a high utility network with strong developer activity.

Moreover, it has a challenge of allowing user growth and transaction volume to continue to rise fast enough to absorb the added supply, and in the past, the network has faced several outages, but there is an ongoing improvement in uptime that could restore investor confidence.

7. Polkadot (DOT)

Polkadot’s current supply is around 6 billion tokens, and known for its parachain system and governance model, the coin has built a reputation using technical innovation. You can use it for staking, governance, and bonding parachain slots, and its current supply aligns with its demand in its ecosystem.

8. Litecoin (LTC)

Litecoin has a circulating supply of about 75 million, close to 84 million being its maximum, and while not as high as other assets listed above, it still falls into the high supply category when compared to scarce tokens.

Litecoin has a minimum downtime and halving cycles that are predictable, and unlike newer tokens, it is not regularly talked about; it still serves as a network to Bitcoin and is a popular option for p2p transactions.

9. TRON (TRX)

TRON’s supply is one of the largest in the market, with roughly 95 billion tokens already in circulation. Unlike most coins with capped supplies, TRX operates on a model that supports continuous issuance.

Despite its inflationary structure, TRON handles over 8 million daily transactions and supports multiple stablecoins, including USDT on the TRON chain. It is adopted through streaming and content platforms, which helps the coin provide consistent token usage.

10. Meme Tokens: SHIB, PEPE, LADYS, XEN

When discussing high supply cryptocurrencies, meme coins in some way have to fit themselves in. Shiba Inu (SHIB), Pepe (PEPE), Milady (LADYS), XEN, and Cheems Inu (CHEEMS) each have supplies running into the trillions.

Recent developments have introduced token burn mechanics and staking to reduce supply. For example, PEPE has initiated targeted burns to control inflation, while SHIB continues expanding into the metaverse and DeFi.

Conclusion

If you are an investor and considering these tokens, there is a need to pay close attention to token issuance schedules, community development, and market positioning.

In 2025, when regulatory frameworks have improved with institutions increasingly entering the market, cryptocurrencies with large supply but strong demand may find new places in the digital economy.

So, rather than dismissing any coin based on its supply alone, understand their role as well, and that is a secret to building a better portfolio.

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