

Phoenix Global (PHB) maintains a circulating supply of approximately 60,216,186 tokens as of November 25, 2025, representing about 94.09% of its total supply. This distribution mechanism reflects a carefully structured tokenomics model designed to balance market availability with long-term scarcity.
| Supply Metric | Amount | Percentage |
|---|---|---|
| Circulating Supply | 60,216,186 PHB | 94.09% |
| Total Supply | 60,216,186 PHB | 100% |
| Maximum Supply | 64,000,000 PHB | - |
The relatively high circulating supply ratio indicates that most tokens are already in active circulation, which differs from projects maintaining substantial reserves for future releases. This approach reduces dilution concerns for current holders while establishing a defined maximum cap of 64 million tokens. With a current market price of $0.3435 and a fully diluted valuation of $20.68 million, the circulating supply directly influences PHB's market capitalization and trading dynamics. The token's distribution reached its current state following significant market volatility, particularly the sharp correction on October 10, 2025, when the price declined from $0.57 to $0.1335. Understanding PHB's supply distribution is essential for investors assessing the token's inflation potential and market sustainability within the blockchain infrastructure ecosystem.
PHB token's economic model incorporates a sophisticated lending and borrowing framework through decentralized finance (DeFi) platforms. The token functions as both a collateral asset and utility medium within these systems, enabling users to participate in liquidity provision activities. Through staking mechanisms integrated into the DeFi ecosystem, PHB holders can earn interest on their holdings while simultaneously supporting network operations.
The lending infrastructure allows PHB to be deployed across multiple protocols, where users deposit tokens to generate yield while borrowers access liquidity for various purposes. This dual-sided mechanism creates economic incentives aligned with network growth. Transaction fees within the ecosystem are denominated in PHB, creating consistent demand pressure that supports the token's economic cycle.
Phoenix's recent tokenomics update introduced Computation Credits (CCD), which complements PHB's lending functionality by providing additional value layers. CCD tokens work synergistically with PHB in staking arrangements, particularly through the hybrid staking model, which enhances yield opportunities for liquidity providers. The maximum supply cap of 64,000,000 tokens creates scarcity economics that benefit long-term lenders holding positions in DeFi protocols.
Current market data shows PHB trading at $0.3435 with a circulating supply of approximately 60.22 million tokens, representing 94.09% of total supply. This high circulation ratio demonstrates significant token distribution among ecosystem participants actively engaged in lending and borrowing activities.
PHB's governance model leverages network transactions to enable efficient decentralized decision-making while maintaining cost-effectiveness. The protocol employs Snapshot for off-chain voting, allowing token holders to sign proposals without incurring gas fees, significantly reducing participation barriers.
Transaction fees collected across the network fund governance mechanisms and proposal rewards. This approach creates a self-sustaining ecosystem where protocol revenues directly support democratic participation. A notable example occurred when the community approved a proposal to increase buy-back allocation from 25% of net protocol fees with 59.38% approval, demonstrating active token holder engagement.
PHB governance implements transaction-based voting mechanisms combined with delegation models, enabling token holders to vote directly or delegate voting power to trusted representatives. The system incorporates quorum thresholds to ensure proposal legitimacy, requiring sufficient participation before decisions become binding on-chain.
Security safeguards protect the governance infrastructure, with smart contracts finalizing proposal execution on the blockchain. As of November 2025, PHB maintains robust delegation capabilities and enhanced security protocols. This transaction-utility design transforms governance from a passive mechanism into an active value distribution system, where network activity directly subsidizes democratic participation. The integration of transaction fees with governance creates aligned incentives between protocol sustainability and stakeholder engagement.
PhB is the native cryptocurrency of Phoenix, powering its decentralized AI and blockchain ecosystem. Launched as PHX, it's crucial for Phoenix's operations and growth in the Web3 space.
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