Realized cap could be the new benchmark for measuring Bitcoin’s value Quick Take
- Bitcoin realized cap is currently sitting around 60% from roughly 50% last year, and it’s 20% higher than in 2018.
- Realized cap gives a much more accurate version of events as it substituted the current token price with the price when the token last moved.
- In addition, it filters out founder coins, and if a token has never moved, its realized price is zero.
- While Bitcoin market cap dominance currently sits below 48%, a vast difference from the realized cap dominance.
- CryptoSlate did a thorough analysis of realized cap vs. market cap both from an all-time high drawdown and report.
Disclaimer: The TRX_ETH metric is only for the ERC-20, so it isn’t fully representative of the actual market cap and we have had issues with both BNB and DOT nodes, so the metrics aren’t fully updatedย (CoinMetrics)
Analyst 
James Van Straten
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
