diff --git a/src/rpc/state_api.rs b/src/rpc/state_api.rs
index 96c877732572..b5f3580ae676 100644
--- a/src/rpc/state_api.rs
+++ b/src/rpc/state_api.rs
@@ -13,7 +13,7 @@ use crate::shim::{
     state_tree::ActorState, version::NetworkVersion,
 };
 use crate::state_manager::chain_rand::ChainRand;
-use crate::state_manager::vm_circ_supply::GenesisInfo;
+use crate::state_manager::circulating_supply::GenesisInfo;
 use crate::state_manager::{InvocResult, MarketBalance};
 use crate::utils::db::car_stream::{CarBlock, CarWriter};
 use ahash::{HashMap, HashMapExt};
@@ -864,8 +864,11 @@ pub async fn state_circulating_supply<DB: Blockstore + Send + Sync + 'static>(
 
     let genesis_info = GenesisInfo::from_chain_config(state_manager.chain_config());
 
-    let supply =
-        genesis_info.get_circulating_supply(height, &state_manager.blockstore_owned(), root)?;
+    let supply = genesis_info.get_state_circulating_supply(
+        height,
+        &state_manager.blockstore_owned(),
+        root,
+    )?;
 
     Ok(LotusJson(supply))
 }
diff --git a/src/state_manager/vm_circ_supply.rs b/src/state_manager/circulating_supply.rs
similarity index 94%
rename from src/state_manager/vm_circ_supply.rs
rename to src/state_manager/circulating_supply.rs
index c7cb4784480c..47f9d3be003e 100644
--- a/src/state_manager/vm_circ_supply.rs
+++ b/src/state_manager/circulating_supply.rs
@@ -69,7 +69,11 @@ impl GenesisInfo {
         }
     }
 
-    // Allows generation of the current circulating supply
+    /// Calculate total FIL circulating supply based on Genesis configuration and state of particular
+    /// actors at a given height and state root.
+    ///
+    /// IMPORTANT: Easy to mistake for [`GenesisInfo::get_state_circulating_supply`], that's being
+    /// calculated differently.
     pub fn get_vm_circulating_supply<DB: Blockstore>(
         &self,
         height: ChainEpoch,
@@ -81,6 +85,8 @@ impl GenesisInfo {
         Ok(detailed.fil_circulating)
     }
 
+    /// Calculate total FIL circulating supply based on Genesis configuration and state of particular
+    /// actors at a given height and state root.
     pub fn get_vm_circulating_supply_detailed<DB: Blockstore>(
         &self,
         height: ChainEpoch,
@@ -112,8 +118,12 @@ impl GenesisInfo {
         })
     }
 
-    // This can be a lengthy operation
-    pub fn get_circulating_supply<DB: Blockstore>(
+    /// Calculate total FIL circulating supply based on state, traversing the state tree and
+    /// checking Actor types. This can be a lengthy operation.
+    ///
+    /// IMPORTANT: Easy to mistake for [`GenesisInfo::get_vm_circulating_supply`], that's being
+    /// calculated differently.
+    pub fn get_state_circulating_supply<DB: Blockstore>(
         &self,
         height: ChainEpoch,
         db: &Arc<DB>,
diff --git a/src/state_manager/mod.rs b/src/state_manager/mod.rs
index b0bd1ddd6a08..c05fd8aaf3e7 100644
--- a/src/state_manager/mod.rs
+++ b/src/state_manager/mod.rs
@@ -2,10 +2,10 @@
 // SPDX-License-Identifier: Apache-2.0, MIT
 
 pub mod chain_rand;
+pub mod circulating_supply;
 mod errors;
 mod metrics;
 pub mod utils;
-pub mod vm_circ_supply;
 pub use self::errors::*;
 use self::utils::structured;
 
@@ -42,6 +42,7 @@ use anyhow::{bail, Context as _};
 use bls_signatures::{PublicKey as BlsPublicKey, Serialize as _};
 use chain_rand::ChainRand;
 use cid::Cid;
+pub use circulating_supply::GenesisInfo;
 use fil_actor_interface::init::{self, State};
 use fil_actor_interface::miner::SectorOnChainInfo;
 use fil_actor_interface::miner::{MinerInfo, MinerPower, Partition};
@@ -67,7 +68,6 @@ use std::{num::NonZeroUsize, sync::Arc};
 use tokio::sync::{broadcast::error::RecvError, Mutex as TokioMutex, RwLock};
 use tracing::{debug, error, info, instrument, warn};
 pub use utils::is_valid_for_sending;
-pub use vm_circ_supply::GenesisInfo;
 
 const DEFAULT_TIPSET_CACHE_SIZE: NonZeroUsize = nonzero!(1024usize);