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fdv

Definition and usage guidance for the growthepie fdv metric.

fdv measures Fully Diluted Valuation. Use fdv when you want a token valuation metric rather than a usage or onchain business metric.

Key Facts

  • Canonical metric_id: fdv

  • Canonical metric_key values: fdv_usd, fdv_eth

  • Unit: USD and ETH

  • Hourly detail available: no

  • Coverage: see master.json.metrics.fdv.supported_chains

  • Common search synonyms: fully diluted valuation

Example Request

curl -s https://api.growthepie.com/v1/export/fdv.json

Example Response Excerpt

[
  {
    "metric_key": "fdv_usd",
    "origin_key": "arbitrum",
    "date": "2026-03-01",
    "value": 14500000000.0
  },
  {
    "metric_key": "fdv_eth",
    "origin_key": "arbitrum",
    "date": "2026-03-01",
    "value": 4850000.0
  }
]

When To Use fdv

  • Compare token valuation across covered chains

  • Pair valuation analysis with onchain usage metrics

When Not To Use fdv

  • You need network activity

  • You need market cap instead of fully diluted valuation

Caveats

  • fdv is a market metric and can move with price even when onchain usage is unchanged.

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