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Enter values above, then calculate. Use the output to inspect the assumptions—not to predict a return.
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.
Runs in your browserNo account · No API key
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.
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.
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.