The Kaspa Realized Price is the value of all KAS coins at the price they were last transacted on-chain, divided by the number of circulated KAS coins. 

Why is it Important?

The Realized Price differs from the Market Price, which tells us the price of KAS right now. The Realized Price, on the other hand, tells us the average purchase price of all KAS coins in circulation.

Moreover, it's important to note that the Realized Price values each UTXO at the value it was when it last moved from one wallet to another instead of its current value. We assume that the movement from one wallet to another signifies purchasing KAS.

*** A UTXO (or Unspent Transaction Output), is an accounting structure used in Bitcoin and Kaspa to track when a unit of cryptocurrency was last moved, illustrating shifts in ownership over time. 

How to Read the Chart 

The Realized Price indicates the general state of the overall KAS market. For example, when the market price of KAS (The Grey Line) is above its Realized Price (The Green Line), market participants, on aggregate, are in profit; however, when the market price of KAS is below the Realized Price, market participants, on aggregate, are incurring a loss. In other words, the metric can help one spot periods of distress or gain. 

Want to Learn More? 

The following charts also include the 'Realized Value' approach: NUPL, RHODL Ratio, and MVRV Z-Score.