CAPLINEMarket cap
What does the current price imply for circulating supply? It is a valuation, not the amount invested or available to withdraw.
P × circulating supplyTHE MARKET-CAP LEARNING TERMINAL
Put the number
in perspective.
001—003
A large valuation is only one part of the picture.
Move the inputs. See what the headline leaves out.
FIG. 01 / FLOAT & FULL DILUTIONSCENARIO
Implied token price
What the selected market cap implies per circulating token.
Circulating supply
025M50M75M100M
Circulating valuationSelected market cap
Fully diluted valuationPrice × maximum supply
FDV / market capSupply ratio, not a forecast
THE TAKEAWAY
FIG. 02 / DEPTH CHANGES EXECUTIONILLUSTRATION
Average price premium over initial spot
The same input moves a shallow pool more.
Average execution priceQuote in ÷ tokens out
Illustrative tokens outFees and taxes excluded
Initial total pool value2 × quote-side reserve
THE TAKEAWAY
FIG. 03 / QUESTIONS THAT MATTERYOUR NOTES
READ THE FINE PRINT
Three numbers.
Three different questions.
Simple models make the assumptions visible.
Real markets add more moving parts.
Liquidity
How much can trade before price changes? Our constant-product example excludes fees, taxes, arbitrage and concentrated ranges.
Premium = quote in / reserveDilution
What if all maximum supply were valued at today's price? FDV holds price constant; an unlock does not guarantee a specific price change.
P × maximum supplyTAKE THE PERSPECTIVE WITH YOU
Small tools. Clearer questions.
CAPLINE is an educational prototype. $CAPL is the planned participation token; no token issuance, contract or trading is represented here.