Circulating Supply Analysis

Published: September 2024 | Last updated: January 2025

The current circulating supply of Lynx requires careful analysis due to several factors affecting coin availability and movement. As of this writing, miners have earned a total of 77,872,268,736 Lynx through block rewards since the project's inception over ten years ago.

Security Incident Impact

Two significant wallets, containing 16,377,591,933 and 1,610,095,400 Lynx respectively, are permanently locked due to a security incident that occurred before the current team assumed control of the project. These locked funds effectively reduce the total circulating supply to 59,884,542,893 Lynx.

Mining and Distribution

The mining reward structure distributes 1 Lynx plus transaction fees per block. With optimal block timing, this results in approximately 280 new Lynx (plus fees) being added to the circulating supply daily.

Lost Coins and Actual Circulation

Given the project's decade-long history, a significant portion of Lynx coins have become inaccessible due to lost wallet credentials or abandoned holdings. Conservative estimates suggest approximately 40 billion Lynx remain actively circulating, while more aggressive analyses indicate the number could be as low as 25 billion.

Deflationary Mechanics

Lynx implements a deflationary model through its data storage utility. When users store data on the blockchain using applications like Clevver or other independent tools, they must burn Lynx tokens in the process. This burning mechanism has created a significant dynamic: as data storage usage increases, the daily burn rate now exceeds the daily creation of new coins through mining. This sustained pattern means the total circulating supply of Lynx will gradually decrease over time rather than inflate.