> ## Documentation Index
> Fetch the complete documentation index at: https://peak-docs.birdeye.so/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Token Valuation & Supply

> Terminology Glossary — token valuation and supply terms with definitions, formulas, units, and source commands

Market cap variants, FDV, supply structure, dilution metrics, and unlock-related data.

***

### Market Cap (Circulating)

Total value of all circulating tokens at current price.

```
Formula   Circulating Supply × Current Price
Unit      USD
Example   $2.5B
```

**Related** · FDV, Circulating Supply

**Used in** · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation) · [`DMP`](/docs/docs/core-concepts/commands/by-object/dex-market#dmp-dex-market-pair) · [`GRA`](/docs/docs/core-concepts/commands/by-object/token-groups#gra-group-analytics)

***

### Fully Diluted Valuation (FDV)

Total value if all tokens (including locked/unvested) were in circulation at current price.

```
Formula   Max Supply × Current Price
Unit      USD
Example   $10B
```

**Related** · Market Cap, Max Supply

**Used in** · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation) · [`DMP`](/docs/docs/core-concepts/commands/by-object/dex-market#dmp-dex-market-pair)

***

### MC/FDV Ratio

Ratio of circulating market cap to fully diluted valuation. Indicates potential dilution risk; a low ratio means most tokens are still locked or unvested.

```
Formula   Market Cap / FDV
Unit      0–1
Example   0.25 (75% supply locked)
```

**Related** · Market Cap, FDV, Circulating Supply

**Used in** · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation) · [`DMP`](/docs/docs/core-concepts/commands/by-object/dex-market#dmp-dex-market-pair)

***

### Market Cap Rank

Token's position relative to all tokens ranked by circulating market cap.

```
Formula   Ordinal rank by Market Cap
Unit      #
Example   Rank #5
```

**Related** · Market Cap

**Used in** · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation) · [`PMN`](/docs/docs/core-concepts/commands/by-object/token#pmn-price-monitor)

***

### Max Supply

Hard cap on total tokens that can ever exist. Null if uncapped.

```
Formula   Protocol-defined constant
Unit      Tokens
Example   21M BTC
```

**Related** · Total Supply, FDV

**Used in** · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation)

***

### Total Supply

All tokens that have been created minus burned tokens.

```
Formula   Minted Tokens − Burned Tokens
Unit      Tokens
Example   1B LINK
```

**Related** · Circulating Supply, Max Supply, Burned Supply

**Used in** · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation) · [`MTM`](/docs/docs/core-concepts/commands/by-object/token#mtm-multichain-monitor)

***

### Circulating Supply

Number of tokens currently available for trading on the open market.

```
Formula   Total Supply − Locked − Burned − Unvested
Unit      Tokens
Example   500M SOL
```

**Related** · Total Supply, Max Supply

**Used in** · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation) · [`MTM`](/docs/docs/core-concepts/commands/by-object/token#mtm-multichain-monitor)

***

### Locked Token Supply

Tokens that are currently locked in vesting contracts, staking, or governance and cannot be traded.

```
Formula   Total Supply − Circulating Supply − Burned Supply
Unit      Tokens / USD
Example   400M tokens ($800M)
```

**Related** · Circulating Supply, Lock Schedule, Vesting

**Used in** · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation) · [`TKE`](/docs/docs/core-concepts/commands/by-object/token#tke-tokenomics) · [`PFL`](/docs/docs/core-concepts/commands/by-object/wallet#pfl-portfolio-analysis)

***

### Burned Supply

Tokens permanently removed from circulation via burn transactions.

```
Formula   Σ(tokens sent to burn address)
Unit      Tokens
Example   50M tokens burned
```

**Related** · Total Supply, Circulating Supply, Burn Event

**Used in** · [`OWN`](/docs/docs/core-concepts/commands/by-object/token#own-ownership) · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation)

***

### Supply Events

On-chain events that change circulating supply (mints, burns, unlocks).

```
Unit      Events
Example   Mint: 10M tokens on 2025-01-15
```

**Related** · Circulating Supply, Lock Schedule

**Used in** · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation)

***

### Mint Event

An on-chain transaction that creates new tokens, increasing total supply.

```
Unit      Event
Example   Mint: 10M tokens on 2025-01-15
```

**Related** · Total Supply, Supply Events, Issuer Activity

**Used in** · [`PMN`](/docs/docs/core-concepts/commands/by-object/token#pmn-price-monitor) · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation) · [`TKD`](/docs/docs/core-concepts/commands/by-object/token#tkd-token-description)

***

### Burn Event

An on-chain transaction that permanently removes tokens from circulation by sending them to a dead address.

```
Unit      Event
Example   Burn: 5M tokens on 2025-03-01
```

**Related** · Burned Supply, Supply Events, Mint Event

**Used in** · [`PMN`](/docs/docs/core-concepts/commands/by-object/token#pmn-price-monitor) · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation)

***

### Unlock Event

A scheduled or triggered release of previously locked tokens into circulation.

```
Unit      Event
Example   Unlock: 20M tokens on 2025-06-01
```

**Related** · Lock Schedule, Vesting, Circulating Supply

**Used in** · [`PMN`](/docs/docs/core-concepts/commands/by-object/token#pmn-price-monitor) · [`TKE`](/docs/docs/core-concepts/commands/by-object/token#tke-tokenomics)

***

### Token Age

Time elapsed since the token was first issued on-chain.

```
Formula   Current Date − Issuing Date
Unit      Days
Example   1,825 days
```

**Related** · Issuing Date

**Used in** · [`TKD`](/docs/docs/core-concepts/commands/by-object/token#tkd-token-description)

***

### Token Allocation

Distribution of total supply across stakeholder groups at TGE.

```
Formula   % of Total Supply per group
Unit      %
Example   Team: 15%, Investors: 20%
```

**Related** · Vesting, TGE Unlock %

**Used in** · [`TKE`](/docs/docs/core-concepts/commands/by-object/token#tke-tokenomics)

***

### Token Allocation Group Count

Number of distinct stakeholder groups receiving token allocations at TGE.

```
Formula   Count(allocation groups)
Unit      #
Example   6 groups
```

**Related** · Token Allocation, TGE Unlock %

**Used in** · [`TKE`](/docs/docs/core-concepts/commands/by-object/token#tke-tokenomics)

***

### TGE Unlock %

Percentage of a stakeholder group's allocation unlocked at Token Generation Event.

```
Formula   TGE Unlocked / Group Allocation × 100
Unit      %
Example   10%
```

**Related** · Token Allocation, Vesting

**Used in** · [`TKE`](/docs/docs/core-concepts/commands/by-object/token#tke-tokenomics)

***

### Vesting Duration

Total time from TGE until all tokens in a tranche are unlocked.

```
Formula   Last Unlock Date − TGE Date
Unit      Months
Example   36 months
```

**Related** · Lock Schedule, Cliff

**Used in** · [`TKE`](/docs/docs/core-concepts/commands/by-object/token#tke-tokenomics)

***

### Vesting Round / Tranche

A specific tranche within the vesting schedule, with its own unlock timeline and amount.

```
Unit      Event
Example   Round 2: 15M tokens, 12-month cliff, 24-month linear
```

**Related** · Vesting Duration, Lock Schedule

**Used in** · [`TKE`](/docs/docs/core-concepts/commands/by-object/token#tke-tokenomics)

***

### Lock Schedule

Timeline of when locked tokens become available for circulation.

```
Formula   Per-vesting contract terms
Unit      Date × Tokens
Example   10M tokens unlock 2025-06-01
```

**Related** · Vesting, TGE Unlock

**Used in** · [`VAL`](/docs/docs/core-concepts/commands/by-object/token#val-valuation) · [`TKE`](/docs/docs/core-concepts/commands/by-object/token#tke-tokenomics)

***

### Fundraising Round

Private investment event with date, amount raised, valuation, and investor details.

```
Unit      Event
Example   Series A: $25M at $500M FDV
```

**Related** · Token Allocation, ROI

**Used in** · [`FRS`](/docs/docs/core-concepts/commands/by-object/token#frs-fundraising)

***

### Total Fundraising Raised

Cumulative funding amount received across all private and public fundraising rounds.

```
Formula   Σ(Round amounts)
Unit      USD
Example   $75M across 3 rounds
```

**Related** · Fundraising Round, Fundraising Backer Count

**Used in** · [`FRS`](/docs/docs/core-concepts/commands/by-object/token#frs-fundraising)

***

### Fundraising Backer Count

Number of distinct investors or entities participating in fundraising rounds, segmented by tier.

```
Formula   Count(unique investors)
Unit      #
Example   42 backers (12 Tier 1)
```

**Related** · Total Fundraising Raised, Fundraising Round

**Used in** · [`FRS`](/docs/docs/core-concepts/commands/by-object/token#frs-fundraising)

***

### Fundraising Tokens Sold (% of Supply)

Percentage of total token supply that was sold during fundraising rounds.

```
Formula   Tokens Sold in Rounds / Total Supply × 100
Unit      %
Example   25% of total supply
```

**Related** · Fundraising Round, Token Allocation

**Used in** · [`FRS`](/docs/docs/core-concepts/commands/by-object/token#frs-fundraising)