Realized cap is also a great way to shut a shitcoiner up. Like when they say ETH has outperformed Bitcoin since eth’s launch. While technically accurate, you can compare realized cap between the two during that period of time and kindly, or not so kindly, point out that the outperformance was only due to ETH being an incredibly small asset for many years and in fact during that period of time Bitcoin has sucked in more than 200B dollars more capital than ETH. So as soon as ETH hits the law of large numbers it wont outperform anymore.