Market Cap
Market
Token price multiplied by circulating supply.
Market capitalization estimates value by multiplying price by circulating supply. FDV uses total supply. Use both with caution and always check unlock schedules and liquidity.
Frequently asked questions
What is FDV?
Fully Diluted Valuation uses total eventual supply instead of circulating. It can be much higher for tokens with large unlocks ahead.Why is market cap not the same as cash value?
It is a snapshot estimate. You cannot sell the whole supply at the last traded price without moving the market.How should I use market cap?
Compare projects in similar categories and consider supply schedules, not just the headline number.