The Dharma Wheel or Dharmachakra holds deep significance in Buddhist philosophy.

The wheel symbolizes the cycle of birth, life, death, and rebirth in Buddhist belief. The hub represents moral discipline, which stabilizes the mind and holds the wheel together.

The spokes are typically eight in number and symbolize the Noble Eightfold Path, a fundamental doctrine in Buddhism that outlines the path to enlightenment, based on elements of ethical conduct, meditative awareness and wisdom.

Overall, the Dharma Wheel reflects the path to enlightenment and the fact that each and every one of us has the potential to attain complete liberation from the cycle of suffering.