On-Chain Metrics
Measures the percentage decline of Maker's Realized Capitalization from its all-time high. Unlike market cap drawdowns (80-90%), realized cap drawdowns are muted (-14% to -23% at bear bottoms) because it represents actual capital invested in the network.
Check the selected asset, units, and cohort before comparing readings. Compare the metric over consistent dates and use related measures to understand what contributes to a change.
Addresses and on-chain cohorts do not identify individual people. Network designs and available histories differ, so a threshold observed on one asset may not transfer to another.
Measures the percentage decline of Maker's Realized Capitalization from its all-time high. Unlike market cap drawdowns (80-90%), realized cap drawdowns are muted (-14% to -23% at bear bottoms) because it represents actual capital invested in the network.
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