More than 80% of the total circulating Ethereum (ETH) supply is kept at 7.572, according to a report published by digital asset research company Delphi Digital on March 7th.
More precisely, the data in the report suggests that more than 80 per cent of the total supply of ETH coins is retained by more than 1,000 ETH-rated addresses. The number of these addresses is up to 7.572. The research indicates that the total number of addresses, according to the ETH they include, address 6,690 to 1,000 ETH, 923 to 10,000 to 100,000 ETH, 155 to 100,000 to 1,000,000 ETH, and only four to 1,000 and 10,000,000 ETH.
In the same report, the company also claims that the price of ETH fell by 19 percent on average every thirty days after the previous five hard bullets.
Partial Fall After Hard Fork
However, last month's Constantinople The latest Hard Fork before the St. Petersburg updates led to a decrease of ETH's price by less than 1%. The report shows that this decline is due to the reduction of the block awards from 5 ETH to 3 ETH.
Researchers also state that as of March 3, more than 2.3 million Ethereum, approximately 2 percent of the total supply, are available in decentralized / decentralized finance applications.
Most of the ETH, which is reported as 98% in the report and maintained in decentralized finance applications, is in MakerDAO's smart contracts, which allow Maker's decentralized stablecoin Dai (DAI) to be created and destroyed. The most decentralized financial implementation of ETH is Compound, a decentralized lending platform with approximately 28,500 Ethereum from March 3.
Risks Specified in the Report
Finally, the report also brings concerns about the technical risks that Ethereum faces in the near future. In particular, the documents point to the centralization of Infura, the service infrastructure of ConsenSys, a development company focused on Ethereum. Infura allows DApp developers to use their DApps without hosting their own nodes.
However, using Infura, it is also reported in the report that developers rely entirely on the infrastructure operated by ConsenSys and hosted by Amazon Web Services, creating a single point of failure that needs to be avoided.
The report's author, Delphi Digital, positions itself as a company that seeks to produce unbiased content on digital assets and Distributed Notebook Technology (DLT) and to provide analysis services to corporate customers. The company also serves as the board member of Anthony Pompliano, founder of Morgan Creek Digital Assets.
As the Cointelegraph reported in December last year, Pompliano predicted that Bitcoin (BTC) was still ay low gibi in the short term, despite the fact that it was over $ 4,000. A month ago, he described Bitcoin as the world's best performing asset in the last decade.
Ethereum, a report by Ethiopian asset management firm Electric Capital, which reported that Ethereum's community project developers were excluded from the report, said that Ethereum had the largest developers working on the basic protocol of all crypto currencies.
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80 percent of the post ethereums were kept at 7,572.