{"path":"/breakdowns/sopr_by_age","tier":3,"parameters":{"a":["TRX"],"c":["native"],"f":["csv","json"],"i":["10m","1h","24h"]},"queried":{"a":"TRX","path":"/v1/metrics/breakdowns/sopr_by_age"},"refs":{"docs":"https://docs.glassnode.com/basic-api/endpoints/breakdowns#get-v1-metrics-breakdowns-sopr_by_age","studio":"https://studio.glassnode.com/charts/breakdowns.SoprByAge","metric_variant":{"bulk":"/breakdowns/sopr_by_age/bulk","pit":"/breakdowns/sopr_by_age_pit"}},"bulk_supported":true,"timerange":{"min":1529892000,"max":1784258400},"modified":1784261156,"descriptors":{"name":"SOPR by Age","short_name":"SOPR by Age","group":"SOPR","tags":["on-chain","valuation","profit_loss","realized_profit_loss","cohorts","lifespan"],"description":{"default":"**Definition.** Spent Output Profit Ratio (SOPR) by Age decomposes SOPR, the ratio of sale price to acquisition price across coins spent on a given day, into holding-period age cohorts. Each cohort reports the per-coin profit or loss realized by spent supply of that vintage, spanning from hot supply (freshly acquired coins) to cold supply (longer-held coins).\n\n**Technical.** Breakdowns use an address-based approach, analyzing transactions and holdings at the wallet-address level to facilitate comparability across digital assets and consistent analysis across blockchain architectures. This contrasts with the UTXO-based approach available for chains like Bitcoin, where unspent transaction outputs are analyzed to categorize asset properties. Cross-method comparisons may show small deviations.\n\n**Interpretation.** Within each cohort, readings above 1 mean that vintage's spent coins were sold at a net profit. Readings below 1 mean they were sold at a net loss. Surfaces how profit-making versus loss-making sales distribute across hot-to-cold age cohorts. Answers questions of the form: are older coins being sold at a profit more frequently than newer coins?\n"},"data_sharing_group":"onchain"}}