## Overlay Protocol (OVL): What You Need to Know About This BSC-Based Trading Protocol

Overlay Protocol is a decentralized exchange protocol developed by a domestic team since 2022, enabling users to trade various data trend markets. The project raised 2.2 million USD during its funding round and operates on the BSC blockchain network.

### Token Supply & Circulation Details

The OVL token features a total supply of 88,888,888 units, with a current circulating supply of 13,691,744 tokens representing approximately 18.12% of the total supply. The maximum supply cap is set at 100,000,000 tokens. While the team has committed to not increasing the total supply beyond the stated figure, investors should remain cautious about potential inflation risks inherent in the protocol's mechanics.

### Initial Market Reception & Trading Considerations

OVL is launching on multiple platforms with limited initial availability, which may create supply scarcity effects in early trading phases. The project's fresh-faced arrival and concentrated listing strategy suggest potential volatility in the opening hours. As with any new token launch, the "first-come, first-served" nature means early movers may experience significant price movements. However, prudent traders should consider taking profits during strong upward momentum rather than holding through extended periods.

### Key Takeaways

This domestic-backed project combines a relatively small circulating supply with a focused distribution strategy. The 18.12% circulation rate indicates most tokens remain locked or vested, which could create selling pressure as more tokens enter circulation. While the low float may support near-term price action, maintaining risk awareness about dilution potential is essential for any participant.