realized cap

Realized cap treats each coin's value as what it last moved for, providing a smoother measure of aggregate value.实现市值将每个代币的价值视为其上一次转移时的价格，从而为总量价值提供了一个更平稳的衡量标准。

During bear markets, realized cap becomes a useful floor estimate, reflecting the aggregate cost basis of all holders.在熊市期间，实现市值成为一个有用的底部估计指标，反映了所有持有者的总成本基础。