XPL: Fully Diluted Valuation
What all XPL would be worth at today's price if every coin that can ever exist were circulating: price x total supply.
Why use it. Market cap counts only what circulates now. Fully diluted valuation adds what is still to come from mining, unlocks, emissions or releases, so a wide gap means future supply that the price has to absorb. How to read it. The gap above Market Cap is the value of the supply not circulating yet. The line moves with the price and changes shape only when the supply it counts changes.
Calculation. Price x total supply. XPL has no fixed maximum supply (XPL has no fixed maximum: 10 billion were created at launch, validator rewards will add new XPL once outside validators can join, and base fees are burned), so the total supply stands in for it. Published supply, not node-verified: Plasma's own supply endpoint (circulating and total supply) (https://api.token.plasma.to/v1/supply), circulating supply as Plasma publishes it. Read by CryptoKeyhole every hour since 10 November 2026; no earlier values are reconstructed. Hourly values use the hour's closing price; daily values the day's close, and the open day is a partial that updates every hour. Periods are UTC.