FDV
Fully Diluted Valuation. The theoretical market capitalization of a cryptocurrency if all tokens in its maximum supply were in circulation at the current price.
Why It Matters
FDV (Fully Diluted Valuation) estimates the value of a cryptocurrency if all tokens were in circulation. Understanding FDV helps investors assess potential market capitalization and helps them evaluate the asset's long-term worth.
Example
For example, if a project has a token price of $10 and a total supply of 1 million, its FDV would be $10 million if all tokens become available. This serves as a reference point for valuation.
Beginner Context
For novices, comprehending FDV is important for evaluating the relative value of a cryptocurrency. It helps you to gauge how much growth potential a project might have over time.
Mike Starr
Founder, CryptoWizardTools · M.S. Organizational Management
Last reviewed: August 2026
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Market Cap
Market Capitalization. The total value of a cryptocurrency calculated by multiplying its current price by the total circulating supply.
Circulating Supply
The number of coins or tokens of a cryptocurrency that are currently available and circulating in the market.
Max Supply
The maximum number of coins or tokens that will ever exist for a given cryptocurrency. Bitcoin has a max supply of 21 million BTC. Once the max supply is reached, no new coins can be created, making the asset deflationary by design.
Tokenomics
The economic model and properties of a cryptocurrency token, including supply mechanics, distribution, incentives, and utility within its ecosystem.
Vesting
A schedule that restricts the sale of tokens for a period of time, often applied to team allocations or investor tokens to prevent large sell-offs.