GHO Supply Drops 61% Following DefiLlama Accounting Shift
DefiLlama has updated its metrics to exclude idle, pre-minted GHO from circulation, even as the Ethereum token contract maintains a higher issuance figure.
A significant decline in the recorded supply of GHO stems from a recent methodology update by data platform DefiLlama, according to TheDefiant. DefiLlama now excludes idle and pre-minted tokens from its calculation of GHO currently in active circulation.
Despite the reported 61% supply drop in aggregated market trackers, the underlying Ethereum token contract continues to report 699 million tokens issued.
Instant Telegram notifications for large on-chain moves.
Key facts
- DefiLlama altered its tracking methodology to exclude idle, pre-minted GHO.
- The Ethereum token contract still reports 699 million tokens issued.
- The adjustment resulted in a 61% drop in the token's tracked supply.
Source: thedefiant.io
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
