home / glossary / Fully diluted valuation (FDV)
> define fdv
Fully diluted valuation (FDV)
Token price multiplied by max supply (or total supply if there is no cap). It shows what the whole token supply would be worth at today's price once every token exists. A large gap between market cap and FDV means a lot of future supply.
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Read more in our guides
How to Read Tokenomics Without Getting PlayedHow Token Unlocks Affect Price (and How to Read the Calendar)
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