{"path":"/breakdowns/marketcap_usd_by_age","tier":3,"parameters":{"a":["ETH"],"c":["usd"],"f":["csv","json"],"i":["10m","1h","24h"],"network":["aggregated","arb","base","eth","opt"]},"queried":{"a":"ETH","path":"/v1/metrics/breakdowns/marketcap_usd_by_age"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/breakdowns#get-v1-metrics-breakdowns-marketcap_usd_by_age","studio":"https://studio.glassnode.com/charts/breakdowns.MarketcapUsdByAge","metric_variant":{"bulk":"/breakdowns/marketcap_usd_by_age/bulk","pit":"/breakdowns/marketcap_usd_by_age_pit"}},"bulk_supported":true,"timerange":{"min":1438269600,"max":1782504600},"modified":1782505976,"descriptors":{"name":"Market Cap by Age","short_name":"Market Cap by Age","group":"Market Cap","tags":["on-chain","valuation","cohorts"],"description":{"default":"**Definition.** Market Cap by Age decomposes Market Capitalization, the total market value of a digital asset computed as current market price multiplied by total supply, by the holding-period age of the underlying coins. Cohorts span from hot supply (newly acquired) to cold supply (older, dormant coins).\n\n**Technical.** The breakdown uses an address-based approach, analyzing transactions and holdings at the wallet-address level 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. Metrics for UTXO-based assets may show slight deviations across the two computational methods.\n\n**Interpretation.** Surfaces how market value is distributed across hot-to-cold age cohorts. Answers questions of the form: is the majority of market value held in older or newer coins?\n"},"data_sharing_group":"onchain"}}