Definition. The total circulating supply of a digital asset, segmented into age cohorts that span from hot supply (recently moved coins) through cold supply (older, dormant coins).

Technical. Breakdown metrics use an address-based approach, analyzing transactions and holdings at the individual wallet-address level to support comparability across digital assets and consistent analysis across blockchain architectures. This contrasts with the UTXO-based approach used for chains like Bitcoin, so metrics for UTXO-based assets may show slight deviations across the two computational methods.

Interpretation. Thickening older cohorts reads as coin maturation and HODLer dominance, while thickening younger cohorts reads as new-buyer activity or distribution from older holders into young hands. Surfaces the age distribution of total supply, a proxy for market maturity and stability. Answers questions of the form: is the majority of supply held in older coins (a mature market) or in newer coins (a growing market)?