The total supply of DOT changes every era. DOT is inflationary with a fixed annual inflation of 10% and it doesn't have a maximum supply. This fixed inflation can be changed through a referendum.
Every era new DOT are created. A portion of that newly created tokens is used to reward validators and nominators for securing the network and the rest are sent to the Polkadot Treasury.
How much goes to staking rewards and how much goes to treasury depends on the percentage of the total supply of DOT that is staked compared to the ideal percentage of staked DOT. When these two are equal the full 10% goes towards staking rewards. You can read more about the inflation model in this wiki article.
In the following example, the ideal staked percentage is 75% and the current staked percentage is 47.5%, which gives an inflation of 7.3%. This means that out of the 10% annual inflation, 7.3% goes towards staking rewards and the rest 2.7% goes to the treasury. You can check the current numbers on Polkadot-JS UI, under Network > Staking > Overview.
Most Polkadot block explorers display the circulating supply of DOT and they provide an easy way to view that metric, usually on their homepage.
Alternatively, you can query the chain state directly to get that information. You can do that on Polkadot-JS UI by navigating to Developer > Chain state and querying `balances.totalIssuance()`. This number is expressed in Plancks (the smallest subdivision of DOT), so it needs to be divided by 1010 to get the amount in DOT.
Please let us know below if you found this article helpful or click on the "Contact Us" button if you need further assistance.
Sorry we couldn't be helpful. Help us improve this article with your feedback.
Disclaimer: We always strive to provide you with the best support we can and we take all care to ensure that our instructions are accurate and concise. However, following these instructions properly, as well as the general management of your accounts and funds, is ultimately your responsibility. Web3 Foundation cannot be held liable for any accidental loss of funds or any other damage you might incur.
DOT is inflationary, with a fixed annual inflation of 10%, and doesn't have a maximum supply. This fixed inflation can be changed through a referendum.
According to our analysis, there is no evidence that Polkadot will reach $1000. How high can Polkadot go? In our Polkadot price prediction, we expect Polkadot to reach a possible high of $8.35 in 2023, $18.24 in 2025 and $50.88 in 2030.
Polkadot has a maximum token supply of 1 billion DOT. Unlike some other cryptocurrencies, the supply of DOT is not fixed. However, the protocol has implemented mechanisms to control the inflation rate and adjust the token supply over time.
Address: Apt. 536 6162 Reichel Greens, Port Zackaryside, CT 22682-9804
Phone: +9958384818317
Job: IT Representative
Hobby: Scrapbooking, Hiking, Hunting, Kite flying, Blacksmithing, Video gaming, Foraging
Introduction: My name is Jamar Nader, I am a fine, shiny, colorful, bright, nice, perfect, curious person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
