FDV (Fully Diluted Valuation)
DeFi · Shallow
Fully Diluted Valuation—the theoretical market capitalization if all tokens (including locked, vesting, and unminted) were in circulation, calculated as current token price multiplied by maximum supply. FDV provides a forward-looking valuation metric. A large gap between market cap and FDV indicates significant future token emissions that could create sell pressure as locked tokens unlock.