What is fully diluted valuation?

What Is Fully Diluted Valuation?

Fully diluted valuation (FDV) is the market cap if the entire token supply (including locked or not yet released) were in circulation. It is price times total supply. FDV shows potential dilution: if many tokens are still to be released, the circulating market cap can be misleading. Compare FDV with circulating market cap when researching. In India, your tax is on realized gains, not on FDV.