TREE NEWS reports: DefiLlama has begun excluding idle, pre-minted GHO from its circulation figures, cutting the stablecoin’s reported supply by 61%. The Ethereum token contract still reports 699 million GHO issued, meaning the change reflects an accounting adjustment rather than a burn or redemption event. The revised methodology separates tokens actually in circulation from those minted but not yet deployed.
DefiLlama Reclassifies GHO Supply, Cutting Reported Circulation 61%
Related Coin Charts
AI take
The headline number matters less than the precedent: DefiLlama is now drawing a line between minted and genuinely circulating stablecoin supply, and GHO's pre-mint model made it an obvious first candidate. This affects anyone benchmarking Aave's stablecoin against peers, since comparisons built on contract-level issuance have been overstated. The open question is whether other protocols with similar pre-mint or treasury-held balances face the same treatment, and whether data consumers converge on circulating supply as the default metric.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
38m ago
Ether Falls Below $1,900 as Losses Outpace Bitcoin
1h ago
Arca’s Jeff Dorman Calls Vitalik Buterin’s ETH Store-of-Value Pitch ‘Really Misguided’
1h ago
Bitcoin Falls Below $67,000 as Crypto Selloff Deepens
1h ago
AAVE Falls 30% in Four Weeks, Underperforming Bitcoin and Ether
1h ago
Kraken Parent Payward Reports $487M Q3 Platform Margin, Swaps Headline Metric
1h ago
Trezor CTO Outlines Trade-offs of Bitcoin’s Leading Post-Quantum Signature Scheme