Crypto FDV Calculator | Fully Diluted Valuation & Tokenomics Tool
When researching a new cryptocurrency, looking at the current price is misleading. Even looking at the current Market Cap can be dangerous if you ignore the future supply.
One of the biggest risks in crypto investing is “Token Inflation” - when new tokens are released into the market, diluting the value of your holdings.
Use this educational FDV Calculator to simulate what a project would be worth if all its tokens were unlocked today.
FDV & Dilution Simulator
Enter price and supply data to calculate the Fully Diluted Valuation.
Simulated Diluted Price
Enter the data to simulate the unlocks.
What is Fully Diluted Valuation (FDV)?
Fully Diluted Valuation (FDV) is a metric that calculates the total market value of a cryptocurrency project assuming 100% of its tokens are in circulation.
While the Market Cap tells you what the network is worth today, the FDV tells you what the network would be worth in the future at the current price, once all locked tokens (investor vesting, team tokens, mining rewards) are released.
The Formula
Why FDV Matters: The Pizza Analogy
To understand why a high FDV can be risky, imagine buying a slice of pizza.
- The Price: You pay $5.00 for one slice.
- The Market Cap: You see there are 10 slices available on the counter. The total value seems to be $50.00.
- The Hidden Supply (Max Supply): However, you find out the owner has 990 more slices in the kitchen waiting to be brought out.
- The FDV: This means the total valuation of the pizza business is actually $5,000.
The Risk: If nobody wants to buy $5,000 worth of pizza, the owner will eventually have to lower the price per slice to sell the inventory from the kitchen.
In crypto, if a project has a low Market Cap but a massive FDV, it means millions of tokens are “waiting in the kitchen” (locked in vesting contracts) to be sold later.
How to Analyze the Results
When you use the calculator above, look at the difference between the Market Cap and the FDV.
- Low Ratio (Healthy): If Market Cap is close to FDV (e.g., Bitcoin), most tokens are already circulating. There is low inflation risk.
- High Ratio (Inflationary): If FDV is 10x or 20x higher than Market Cap, the project has high inflation. For the price to stay the same, the project must grow 10x or 20x in popularity to absorb the new supply.
Warning
Math vs. Reality: The results provided by this calculator are based on purely mathematical projections and theoretical scenarios. The “Diluted Price” calculation assumes that supply increases instantly while demand remains exactly zero-sum, which rarely happens in real-time markets. This tool is for educational purposes to illustrate the concept of scarcity and inflation. It does not predict future prices, nor does it account for market sentiment, burning mechanisms, or lost coins. This is not financial advice.*