17% Of Ethereum Addresses Hold Majority Of NFTs
Ethereum NFTs have gained the most clout in the crypto space. These NFTs have recorded sales of up to 69.3% for a single piece of artwork. Investors are moving towards owning NFTs as a form of long-term investment in addition to their cryptocurrency holdings. Although other blockchains are coming up where NFTs can be minted, the majority of it still happens on Ethereum. This is why investors have flocked towards non-fungible tokens minted on the blockchain. Its growing popularity has led to some striking similarities with the pattern of holding seen in cryptocurrencies. For example, the....
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According to research from Moonstream the top 16.71% of all NFT hodlers on Ethereum owned 80.98% of NFTs between April 1 and Sept. 25. Open source blockchain analytics firm Moonstream published a report which found that around 17% of addresses control more than 80% of all NFTs on Ethereum. The report was published on Oct. 21 and the analysis was conducted on more than 7 million NFT transactions on the Ethereum blockchain between April 1 and Sept. 25, 2021. The report found that whales, NFT platforms and exchanges which comprise the top 16.71% of all addresses, own 80.98% of NFTs on....
The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018. Ethereum Defi Applications See Unique Addresses Surpass 3 Million According to statistics from Dune Analytics, the number of users or unique ethereum addresses utilizing defi has jumped past the 3 million threshold this week. At the time of writing, data shows there are 3,092,000 unique addresses....
Here's a chart you may or may not find of interest (but we did, hence the post). A distribution of bitcoins by address, as compiled by BitcoinRichList.com. According to a chart, about 95.46 percent of in-use addresses hold 0.001 BTC or less (as of block 280,000). That means that if any of your bitcoin addresses hold between 0.01 and 0.1 BTC, you're in the 1 percent of the 'richest' bitcoin addresses. With higher balances come lower percentages, but it's interesting to see the distribution of the 12+ million bitcoins out in circulation at the moment. It's also important to remember that....
The number of Ethereum addresses holding at least 1,000 ETH dropped to a four-year low this week. Ethereum is having difficulty keeping its richest investors in line as its native token, Ether (ETH), hints at logging more losses in the near term.Blockchain data analytics service Glassnode revealed that the number of Ethereum addresses holding at least 1,000 ETH dropped to 6,292 this Monday, the lowest reading since April 2017. At its year-to-date peak, the numbers were 7,239 in January.Number of Ethereum addresses with balance of at least 1,000 ETH. Source: GlassnodeOn-chain analysts....
Bitcoin’s top 100 richest addresses have snapped up almost 350,000 more BTC in the last 30 days. The top 100 richest Bitcoin addresses are increasingly bullish, accumulating 16% more Bitcoin over the last 30 days. In total these addresses added 334,000 more Bitcoin to their bags, or around $11 billion worth.The majority barely reacted to Bitcoin’s recent price drop from $41,000 to below $33,000. Only seven addresses conducted a transfer out of the wallet since the most recent all-time-high on January 10.Of the addresses that have transacted in the last 30 days, only eight of them have more....