defi Term

What is Fully Diluted Valuation (FDV)?

The theoretical market capitalization of a crypto asset if 100% of its maximum supply were unlocked and in circulation.

Detailed Definition & Context

FDV is calculated as (Current Price * Maximum Total Supply). Comparing FDV to current circulating market cap reveals the future dilution potential from scheduled team, investor, and treasury token unlocks.

Practical Example

If a token trades at $2 with 10M circulating coins (Market Cap = $20M) but 100M total supply, its FDV is $200M, indicating 90% future dilution.

Related Concepts

Market Capitalization

Interactive Tool

Calculate & Explore Fully Diluted Valuation (FDV)

Calculate market cap, fully diluted valuation (FDV), and price target comparisons.

Open Market Capitalization Calculator