What is FDV (Fully Diluted Valuation)?

Price × maximum total supply.

Fully diluted valuation values a token as if every unit that can ever exist were circulating: current price × total supply. Compare it with market cap (price × circulating supply): a large gap between the two means significant supply is still locked, vested or unminted — future unlocks can add sell pressure.

When FDV equals market cap, effectively all supply is already circulating.

More terms

Mint authority · Freeze authority · Market cap · Liquidity pool · Slippage · Holder concentration · All terms