Glossary · Tokens & markets
Market capitalization
The total value of a coin's circulating supply (price times circulating supply).
Market cap is the current price of a coin multiplied by how many units are circulating. It is a rough gauge of relative size, more meaningful than price alone.
Fully diluted valuation (FDV) uses the maximum supply instead, and can be much higher than market cap when many tokens are not yet in circulation.
Related terms
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Educational only, not financial advice.