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.

Related Pages

• market_cap

• txcount