Realized Capitalization (Realized Cap) is a key metric that calculates the total value of a digital asset based on the price at the time each unit last moved. In other words, it reflects the total acquisition cost of all coins in circulation. The Realized Cap by Age metric provides an additional layer of detail by categorizing digital assets into different age cohorts, offering a comprehensive view of the acquisition cost of supply portions of varying ages.

This metric focuses on the constituents of the Short-Term Holder cohort, namely the 1d-1w, 1w-1m, 1m-3m and 3m-6m subsets.