FDV, or fully diluted valuation, estimates value by multiplying token price by the total or maximum token supply.
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Short definition
FDV is fDV, or fully diluted valuation, estimates value by multiplying token price by the total or maximum token supply.
Simple explanation
FDV shows what a token could be valued at if all tokens were counted, even if many are locked or not circulating yet.
Why it matters
FDV helps readers understand potential dilution, unlock pressure, and tokenomics assumptions.
Example context
A token may have a low circulating market cap but a much higher FDV if many tokens are locked for future release.