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Max supply

The hard cap on how many tokens can ever exist, where a protocol defines one; many tokens have no cap at all.

A max supply is a rule in code. Bitcoin's 21m is the well-known example, enforced by a halving schedule that reduces the block-reward until issuance ends.

Caps are not automatically credible. If a contract retains a mint function controlled by an upgradeable admin, the stated cap is a promise, not a constraint. Verify on-chain rather than trusting a website.

Also note that "capped" says nothing about value. Scarcity without demand is just a small illiquid market, and plenty of capped tokens have fallen 95% or more while the cap remained perfectly intact.

Related: total-supply, block-reward, halving, admin-key-risk

Educational only, not advice. Spotted an error? Post in Site Feedback.