Delphi Digital: 80% of Total ETH Supply is Held by Roughly 7500 Addresses with Other Notable Facts
Digital Assets Research firm, Delphi Digital has recently released a piece that explores the several tips, statistics and concerns of Ethereum [ETH]. An interesting result in said search was shared as being the following: nearly 80 percent of the total existing Ethereum Supply is held by 7572 addresses reports Coin Telegraph.
Upon exploring the original source, it has been found that said accounts that comprise 80 percent of existing ETH are all balances of over 1000 ETH. Further descriptive stats have been shared, which indicate that 50% of addresses have less than 0.001 ETH, 25% have nearly $1 and as much as 159 addresses carry over 100,000 ETHs!
As shared by the team at Delphi Digitals, their goal in this respective research was to spark discussion on the future of Ethereum, along with, “the critical challenges it is likely to face over the coming years, especially as it transitions to Serenity.
The way the team has approached the short-term assessment was by looking at ETH’s trading trends its five hard forks “given the most recent Constantinople update.” From there, they’ve collected information from token sales and holdings via exchanges with focus on “growth in DeFi to approximate how much selling pressure is left.”
One of the key takeaways that is surely to leave consumers and crypto investors with food for thought include the need for “diversified and profitable validator network”, which is said to be essential for the overall, “security and longevity of the network.”
In terms of its security in relation to the value it carries, it has been argued that its usage and the growing number of apps built on the network can help Ethereum and its developers. This also implies increased “aggregate fees”.
Another area that can help the Ethereum succeed is if they emphasize on Serenity’s proof-of-stake model, which can either attract or turn away validators depending on how it will be approached.
Now comes the concerns, which are important of them all. According to Delphi Digital’s findings:
“The trade-off between ETH issuance and network security may challenge its long-term viability [and that] the proposed issuance model for ETH after this transaction may not provide enough yield to incentivize prospective validators.”
To have a complete knowledge on the different aspects of ETH, click here: https://www.delphidigital.io/ethereum