What is Maximum Supply?

Maximum supply refers to the maximum number of coins or tokens that will ever exist in the lifetime of a specific crypto asset, such as the maximum number of bitcoin (BTC) or ether (ETH). This classification is analogous to the number of fully diluted shares of an asset that is traded in a traditional stock market. The maximum supply is different than the circulating supply (which represents the number of tokens circulating in the market publicly) and the total supply (which represents the number of tokens that have already been created, minus any burned tokens).