Definition. Entity-Adjusted Realized Cap is a variant of Realized Cap that discards transactions between addresses of the same entity ("in-house" transactions), accounting for real economic activity only and providing an improved market signal compared to its raw UTXO-based counterpart.

Notes. For more information on entity-adjustment and account-based metrics, read our articles here and here.

This is the Point-in-Time (PiT) variant of Entity-Adjusted Realized Cap. PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.