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Stablecoin issuers

Avant Protocol

# Avant Protocol Outstanding supply Methodology

## 1. Overview

Outstanding supply is measured as the total circulating amount of Avant USD. This metric is utilized as a key indicator of the protocol's growth and revenue-generation capacity, as the collateral backing the outstanding supply of stablecoins is typically invested in yield-bearing assets. Only assets that have been issued and remain in circulation are included, while authorized but unissued assets or those held in the project treasury are excluded.

## 2. Data sources

- **Circulating market capitalization**: Derived from the circulating market capitalization metric for Avant USD

## 3. Step-by-step calculation

### Component A: Circulating market capitalization extraction

- **Purpose**: Extract the circulating market capitalization for Avant USD
- **Logic**: Upstream asset metrics are filtered to isolate the circulating market capitalization for Avant USD. This value is already denominated in USD and represents the outstanding supply of the asset.
- **Key fields**: `timestamp`, `chain_id`, `outstanding_supply`

### Component B: Schema finalization and zero-filling

- **Purpose**: Ensure data consistency and fill gaps in the time series
- **Logic**: Data types are cast to their correct schemas, and chain and project identifiers are validated against canonical registries. Missing days in the time series are filled with zeros to ensure a continuous daily record. Chain availability filters are applied to exclude data from inactive or archived chains.
- **Key fields**: `timestamp`, `chain_id`, `outstanding_supply`

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Circulating supply of stablecoins issued by the project.

Avant Protocol

Outstanding supply

Outstanding supply

Competitive landscape

Chain breakdown