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Tool / token valuation
Crypto market cap and FDV calculator
Compare circulating market capitalisation with fully diluted valuation using transparent price and supply inputs. These figures are valuation conventions, not cash held by a project and not predictions.
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local only
How to use it
Numbers are clearer when the assumptions are visible.
Start with the default example. Change one input at a time and notice which part of the result moves. Then read the explanation below before using any real-world number.
- Use your account currency consistently.
- Include costs and uncertainty outside the simple model.
- Verify the product’s own contract or fee rules.
Quick answer
The short answer
Market cap is price times circulating supply; FDV is price times the entered maximum supply. The target-cap scenario keeps supply constant and does not predict demand or future price.
Input reference and starting values
| Input | Meaning | Starting value |
|---|---|---|
| Token price | Price per token | 2 |
| Circulating supply | Tokens circulating | 100000000 |
| Maximum supply | Use total diluted supply | 1000000000 |
| Scenario market cap | Optional valuation scenario | 300000000 |
Two supply bases, two valuation views
Market cap applies price to circulating supply. FDV applies the same price to maximum or fully diluted supply. The percentage circulating and FDV-to-market-cap multiple reveal how different those supply bases are.
Supply data can be disputed or change. Verify definitions and unlock conditions rather than treating a single provider value as permanent.
Working modelMarket cap = price × circulating supply; FDV = price × maximum supply
Use the scenario carefully
Dividing a hypothetical market cap by circulating supply produces a price under that fixed-supply assumption. It does not account for dilution, liquidity or the capital required to move price.
Combine the output with unlocks, concentration, utility and market depth.
- Check provider methodology.
- Read the token unlock schedule.
- Inspect liquidity and holder concentration.
- Never confuse valuation with treasury cash.
In practice
Review supply before price scenarios
At $2 per token with 10 million circulating units, the calculated market cap is $20 million. At 100 million assumed maximum units, FDV is $200 million using the same current price.
The scenario holds price constant even though supply changes can affect market behaviour. Confirm whether the source reports circulating, total and maximum supply consistently before comparing projects.
Primary references
Continue with original sources.
These links provide definitions and current context. Product rules, regulation and network details can change, so verify time-sensitive information at the source.
Common questions
Before you move on
Is FDV the future value of the project?+
No. It is current price applied to a broader supply assumption.
Does market cap equal money invested?+
No. It is price multiplied by supply and can change without equivalent net inflows.
Can I use total supply instead of maximum supply?+
Yes, if that is the diluted convention you intend, but label the assumption clearly.
Continue this topic
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