Tim Rice, Coin Metrics CEO, and Ben Celermajer, index manager at Coin Metrics join the show to discuss a new supply measure for cryptoassets which takes into account their "free float." This is designed to take into account coins which are immobilized or illiquid, and brings a systematic approach to the issue inherited from traditional capital markets. In this episode: 

• Why Coin Metrics developed a "free float" measure of supply and why it's informative to investors
• How CM borrowed from index weighting strategies in equity markets to devise a free methodology for cryptoassets
• Why the highly auditable nature of cryptocurrencies allows for extremely informative assessments of supply
• The lack of standards in how supply is assessed among existing data providers
• Which assets saw the greatest reduction in supply due to the free float adjustment
• How market capitalization in equities in indexes went through a historical transition from total supply to float-adjusted supply

For more on free float supply, see CM's introductory research piece on the topic.