Tokenomics Academy
Market Cap vs FDV
Market capitalization multiplies price by circulating supply; FDV multiplies price by a broader diluted-supply estimate.
How to interpret it
The FDV-to-market-cap ratio can summarize the gap between circulating and diluted supply assumptions, but it does not measure release timing, demand, liquidity, or protocol quality.
Research context
Use consistent price timestamps and supply definitions when comparing tokens. A high or low ratio is context, not an investment conclusion.
Data quality matters
Any current figure should identify its source, timestamp, coverage, and calculation method. This educational page does not present live market or protocol data.
Research checklist
- Matched price timestamp
- Circulating supply
- Diluted supply definition
- Unlock timing
Questions and answers
What should I verify when researching market cap vs fdv?
Check the definition, source, timestamp, coverage, and methodology. Separate reported data from interpretation and avoid treating one metric as an investment conclusion.