Market Capitalization (Market Cap) is a fundamental metric that calculates the total market value of a digital asset at a given time. It is computed by multiplying the current market price by the total supply of the asset. The Market Cap by Age metric further refines this by categorizing digital assets into different age cohorts, providing a detailed view of the total market value of supply of varying ages. This metric is beneficial for understanding value distribution across different age cohorts, from hot supply (newly acquired coins) to cold supply (older, dormant coins). For example, it can help answer questions like, 'Is the majority of the market value held in older or newer coins?'

Note: The breakdown metrics utilize an address-based approach, analyzing transactions and holdings based on individual wallet addresses to facilitate comparability across digital assets and to ensure consistent analysis across various blockchain architectures. This contrasts with the alternative UTXO-based approach for chains like Bitcoin, where unspent transaction outputs are analyzed to categorize asset properties. As such, metrics for UTXO-based assets may show slight deviations if compared across these different computational methods.