Understanding Tokenomics
Tokenomics analyzes the economic design of a token — FDV vs Market Cap, supply schedules, and value capture mechanisms.
What is Tokenomics?
Tokenomics is the economics of a crypto token: how it's distributed, what utility it provides, how supply changes over time, and what mechanisms capture value. We focus on the FDV/MCap ratio as a key metric.
FDV vs Market Cap
Fully Diluted Valuation (FDV) is what the market cap would be if all tokens were in circulation. If FDV is much higher than current market cap, it means massive token unlocks are coming — diluting current holders.
How We Use It
Tokenomics is weighted at 8% in our Value Score. A MCap/FDV ratio close to 1.0 means most tokens are already circulating — less dilution risk and more mature tokenomics.
MCap/FDV > 0.7
Mature / Low Risk
MCap/FDV < 0.3
Heavy Unlocks Ahead
Current Top 5 Coins by Tokenomics
How our algorithm currently scores the leading crypto assets on the "Tokenomics" component. Higher = stronger undervaluation signal on this single dimension.
Worked Example
Bitcoin (BTC) leads with a Tokenomics value of 85/100. On this single dimension, Bitcoin currently shows a clear undervaluation signal. Click Bitcoin above to see the full score breakdown across all 10 metrics.