Price + Circulating Supply
Q3. Draw a chart showing MATIC’s circulating supply from the start till today. Compare it with MATIC’s price.
Introduction:
Circulating Supply is the best way to approximate the number of assets that are circulating in the market and in the general public's hands. To identify the circulating amount in public hands, the 'Label is NULL' is adopted in the code.
The circulating supply of MATIC is calculated by summing up theses numbers:
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Assets that are locked
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Private sale
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Ecosystem, Bounty, Marketing, Operations and Airdrops
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Assets that have been ‘staked’
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Assets held by project members or major ecosystem participants
The results are evaluate with outer reference as said in the question. The outer references are Coinmarketcap and Messari websites.
Methodology:
The method of each evaluations is found based on:
- Total and circulating Supply-->from flipside_prod_db.ethereum.erc20_balances
- considering Label is null--> for circulating supply
- Total supply contains all addresses.
- MATIC price--> from flipside_prod_db.ethereum_core.fact_hourly_token_prices
- Token address is 0x7D1AfA7B718fb893dB30A3aBc0Cfc608AaCfeBB0
The total supply of MATIC over time shown in this bar chart. As shown in this chart, from July 8 , 2021 the total supply of MATIC jumped from 3.7 billion to 9.2 billion.
The circulating supply and price of MATIC over time presented in this figure.
Based on this figure and the definition of circulating supply, the amount of MATIC token in public hands volatile with price of MATIC. After increasing the Price of MATIC since May 8th, the circulating supply of token is increased too.
The obtained results has been verified by the outer reference named Messari.