How it works
The calculation can use maximum supply or another assumed fully issued amount. It highlights how much additional supply could exist relative to what currently circulates.
What to check
Check the supply assumption and actual release schedule. A theoretical maximum that will not be reached for decades can be less useful than near-term unlock data.
- Check the supply assumption
- Pair FDV with unlock schedule
- Do not treat FDV as future market cap
Limits and risks
FDV assumes the current price would remain unchanged as supply expands, which is unlikely in practice. It is a comparison tool, not a forecast.
Primary sources
Bitcoin Developer Reference↗Ethereum developer documentation↗FATF: Virtual Assets↗General information only. Investment products can lose value, and terms, fees and regulation can change.