What Does FDV Tell Us About 2024’s Top Altcoins — Winners vs. Losers

• Hyperliquid’s FDV rose 2.4x as tight supply and soaring demand drove price gains.
• Ondo surged 3.7x in FDV despite supply growth, with demand outpacing dilution risks.
• Rapid unlocks caused FDV collapses in Dymension, Wormhole, StarkNet, and XAI tokens.

A recent analysis of ten cryptocurrency tokens launched in 2024 reveals dramatic shifts in their Fully Diluted Valuations (FDV), according to data from Tokenomists. 

FDV, which represents a token’s total potential market cap based on its maximum supply, fluctuated significantly depending on supply dynamics and demand. 

High Flyers: Tight Supply and Surging Demand Boost FDV

As per Tokenomists data, Hyperliquid ($HYPE), Ondo ($ONDO), and Celestia ($TIA) outperformed the rest with notable FDV increases. 

$HYPE’s FDV soared from $6.5 billion to $15.9 billion, a 2.4x increase. This rise occurred despite a slight drop in circulating supply from 370 million to 333 million tokens, suggesting controlled supply management or token buybacks. 

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