Fully Diluted Valuation Calculator
Calculate FDV, analyze dilution risks, and evaluate token supply dynamics
Token Information
Tokens currently in circulation
Total tokens created (including locked)
Maximum tokens that will ever exist
Supply Breakdown
General locked/vesting tokens
Tokens currently staked
Team/founder allocations
Treasury/ecosystem funds
Expected future token emissions
Analysis Guide
FDV: Shows total value if all tokens were circulating. Compare to current market cap for dilution assessment.
Circulation Ratio: Higher ratios (>70%) indicate most tokens are already liquid.
Dilution Risk: Large locked supplies create potential selling pressure upon unlock.
Supply Breakdown: Understanding token allocation helps assess unlock timeline and risks.
FDV Analysis Results
Price Impact Scenarios
Valuation Metrics
Risk Assessment
Investment Recommendations
Unlock Projections
FDV Analysis
Enter token information to calculate fully diluted valuation, analyze dilution risks, and get investment insights
When to Use FDV Calculator
New Token Launch Analysis
Evaluate Arbitrum ARB token launch with $1.20 price, 1.3B circulating vs 10B total supply. FDV of $12B vs $1.56B market cap shows 87% dilution risk from future unlocks. Critical for launch investment decisions.
VC Investment Due Diligence
Analyze Solana SOL with 400M circulating, 550M total supply at $20. Market cap $8B vs FDV $11B shows healthy 73% circulation ratio. Low dilution risk makes it suitable for institutional allocation compared to newer projects.
Team Unlock Risk Assessment
Monitor Aptos APT team unlocks with 20% team allocation (200M tokens) vesting over 4 years. At $8 per token, that's $1.6B in potential selling pressure. Track unlock schedules to time entry/exit positions strategically.
Portfolio Risk Management
Compare portfolio holdings by FDV ratios. Ethereum (95% circulating) vs newer DeFi tokens (30% circulating) shows concentration risk. Rebalance toward higher circulation ratios during unlock seasons to reduce volatility exposure.
Staking Economics Analysis
Evaluate Cardano ADA staking impact with 70% of supply staked (22B tokens). High staking reduces liquid supply but creates unlock risk if rewards decrease. Calculate effective circulating supply for accurate valuation assessment.
Market Cycle Timing
Time market entries using FDV cycles. Bull markets often ignore high FDV premiums while bear markets punish them severely. Projects with >200% FDV premiums typically underperform during corrections, making timing crucial for returns.
Frequently Asked Questions
What is fully diluted valuation (FDV)?
Fully diluted valuation (FDV) is the total market value of a cryptocurrency if all tokens were in circulation. It's calculated as current price × total supply (or max supply). FDV shows potential market cap after all token unlocks and emissions.
How do you calculate fully diluted market cap?
FDV = Current Token Price × Total Supply. For example, if a token trades at $2 with 100M circulating but 500M total supply, the current market cap is $200M but FDV is $1B. This shows 5x potential dilution from unlocks.
Why is FDV important for crypto investors?
FDV reveals true valuation including locked tokens. A low market cap but high FDV indicates significant dilution risk. Smart investors compare FDV to market cap ratio - ratios below 0.3 suggest high unlock pressure and potential price decline.
What's a good market cap to FDV ratio?
Healthy ratios are typically 0.6-0.8 for established projects. Ratios below 0.4 indicate high dilution risk, while above 0.9 suggests most tokens are already circulating. New projects often start with lower ratios due to vesting schedules.
How does token unlocking affect price?
Token unlocks increase circulating supply, typically creating downward price pressure. The impact depends on unlock size, market conditions, and demand. Large unlocks (>10% of supply) often cause 10-30% price drops without corresponding demand increases.
What are the main dilution risks in crypto?
Main risks include: team/investor token unlocks, staking reward emissions, ecosystem fund distributions, and future token burns. High team allocations (>20%) and low circulation ratios (<40%) present significant dilution risks for investors.
Can I export FDV analysis results?
Yes, you can copy results to clipboard or download detailed reports including FDV calculations, dilution analysis, risk assessments, unlock projections, and investment recommendations. Perfect for due diligence and portfolio analysis.
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