Focus on circulating supply—the coins actively traded—not just total supply. It’s critical for corporate strategies because it reveals scarcity, inflation risks, and true market valuation. For example, a token with a 1B total supply but only 200M circulating could dilute your investment if unlocked later. Paybis’ guide explains how to use this metric to avoid hype-driven assets https://paybis.com/blog/glossary/what-is-circulating-supply/ . We shortlist projects with high circulating supply ratios (70%+) for stability. Cross-check with token unlock schedules to dodge volatility traps.