Definition
Fully diluted valuation multiplies a current price by a token’s total or maximum supply, depending on the data provider’s method.
Simple example
If 100 million units circulate but the maximum supply is one billion, FDV uses the larger supply figure.
Often confused with
FDV is not a forecast. Future supply may unlock slowly, change through governance, or never enter liquid markets at the current price.
Source
- CoinMarketCap Alexandria: FDV — methodology reference.
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