XTZ: Fully Diluted Valuation
Included with Plus.
What all XTZ 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. XTZ has no fixed maximum supply (Tezos has no fixed maximum: new XTZ is issued to bakers), so the total supply stands in for it. Published supply, not node-verified: TzKT, the Tezos indexer (statistics API) (https://api.tzkt.io/), circulating supply as TzKT publishes it (the total less tokens still frozen by the protocol). Read by CryptoKeyhole every hour since 9 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.