# Token turnover (fully diluted) Methodology

## Overview

Token turnover (fully diluted) measures how frequently a project's token changes hands relative to its fully diluted market cap. It is calculated as the average daily token trading volume divided by the fully diluted market cap, indicating liquidity and trading activity relative to the token's total potential valuation.

${token_trading_volume} / ${market_cap_fully_diluted}

Average daily token trading volume divided by fully diluted market cap.

Token turnover (fully diluted)

Wizzwoods

Players farmed and traded in an open-world strategy game played through a Telegram Mini App.

Wizzwoods was an open-world strategy farming game built on the Telegram Mini App and Twitter extensions, with cross-chain trading.

Wizzwoods WIZZ

Maintenance

Token turnover (fully diluted)

Token turnover (fully diluted)

Competitive landscape