The Dharmacakra -- "Wheel of Dharma" or "Wheel of Law" is a symbol that has represented dharma, the Buddha's teaching of the path to enlightenment, since the early period of Indian Buddhism. It is also sometimes translated as wheel of doctrine or wheel of law. A similar symbol is also in use in Jainism. It is one of the Ashtamangala Symbols.
The Dharmacakra symbol is represented as a chariot wheel (Sanskrit cakram) with eight or more spokes. It is one of the oldest known Buddhist symbols found in Indian art, appearing with the first surviving post-Harappan Indian iconography in the time of the Buddhist king Aúoka. The Dharmacakra has been used by all Buddhist nations as a symbol ever since. In its simplest form, the Dharmacakra is recognized globally as a symbol for Buddhism.
In Buddhism—according to the Pali Canon, Vinayapitaka, Khandhaka, Mahavagga, Dhammacakkappavattanasutta—number of spokes of the Dharmacakra represent various meanings:
8 spokes representing the Noble Eightfold Path (Ariya magga).
12 spokes representing the Twelve Laws of Dependent Origination (Paticcasamuppâda).
24 spokes representing the Twelve Laws of Dependent Origination and the Twelve Laws of Dependent Termination (Paticcasamuppâda).
31 spokes representing 31 realms of existence (11 realms of desire, 16 realms of form and 4 realms of formlessness).
In Buddhism, Parts of the Dharmacakra also representing:
Its overall shape is that of a circle (cakra), representing the perfection of the dharma teaching
The hub stands for discipline, which is the essential core of meditation practice
The rim, which holds the spokes, refers to mindfulness or samâdhi which holds everything together
The corresponding mudrâ, or symbolic hand gesture, is known as the Dharmacakra Mudrâ.
https://en.wikipedia.org/wiki/Dharmacakra