A Digital Asset Research company called Delphi Digital has recently announced that more than 80 percent of its public body of Ethics is controlled by 7,572 addresses.
7,572 wallets with high Networth Ethereum
The report also disclosed that these 7,572 wallets, which circulate around 80 percent of ETH, contain more than 1,000 ETH. The research carried out by the company breaks down the total number of addresses that are contained in the ETH. It was reported that 923 of them between 10,000 and 100,000 ETH, 6,490 addresses between 1,000 and 10,000 ETH, four between 1,000,000 and 10,000,000 ETH, 923 of them between 10,000 and 100,000 ETH and 155 between 100,000 and 1,000,000 ETH hold.
The report published by the company also mentions how the price of ETH has fallen over the hardships of the past. In total, five hardcore data were recorded in the report. The report shows that the market price of the ETH since the first Hardfork has fallen by 19 percent.
In the last Hardforks, the price of the ETH fell by less than one percent. This decline in market value was attributed to the reduction in block rewards from 5 ETH to 3 ETH.
Decentralized financial applications
It was also noted that since March 3, more than 2.3 million Ethereum (about 2 percent of the total supply) existed in decentralized financial apps.
Much of this 2.3 million Ethereum is said to have been used in intelligent MakerDAO contracts that enable the creation and destruction of the manufacturer's decentralized Stablecoin Dai (DAI). The MakerDAO Smart contract component accounts for 98 percent of the total DApps financial apps set up by ETH.
The intelligent MakerDAO contract is followed by a decentralized credit platform – compound. This DApp should contain on March 3, about 28,500 Ethereum.
The report also highlighted concerns about the technical risks of the Ethereun network. This risk includes the alleged centralization of Infura, the infrastructure-as-a-service arm of the Ethereum-based development company ConsenSys.
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Postal source: 80% of the ETH in circulation are held by 7,572 with a balance of at least 1,000 ETH
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