Crypto aggregators and on-chain providers are showing conflicting information regarding the WLD token supply, raising concerns about data accuracy.
In a recent post, Nansen CEO Alex Svanevik highlighted a significant variance between Worldcoin’s reported circulating supply of the WLD token and data on Optimism. Svanevik compared data from CoinGecko and the Optimism bridge protocol, revealing a difference of nearly 10 million WLD tokens in the circulating supply.
Am I crazy or is the @worldcoin circulating supply wrong from their API (and on @coingecko)? Their API says 154m tokens but the Optimism bridge alone has 163m tokens 🤔
CryptoQuant CEO Ki Young Ju also noted that CoinMarketCap presents a different view compared to on-chain data. Ju suggested that the token circulation information on centralized aggregators seems to be self-reported by the Worldcoin team, labeling it as “obviously wrong.”
About 52M treasury tokens are held on OP. These are bridged but not circulating. Claims happen from these wallets, which is why they are there.
Worldcoin’s head of blockchain, Remco Bloemen, explained that the difference in numbers may be due to the over 50 million treasury tokens held on Optimism, clarifying that “these tokens are bridged but not circulating.”
As of now, Worldcoin has not released any public statements addressing the discrepancy between self-reported figures and on-chain data. Global Crypto News reached out to Worldcoin for comment but has not received a response yet.
For more information, you can read about Worldcoin’s claims of legality and the 10% drop in WLD value.