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More Than 80% Of Total ETH Supply Is Held In 7,572 Addresses: Report

If you are holding Ethereum and want to dig in deeper in the stats about its usage, new headlines in the latest digital currency news show that more than 80% of the total circulating supply of ETH is held by 7,572 addresses.

The report went viral after it was released by the digital asset research company Delphi Digital on March 7, showing data that claims that the vast majority of ETH coins are held by addresses with a balance that is higher than 1,000 ETH.

The document also shows that the price of ETH has dropped an average of 19% lately – right after each of the past five hard forks – over the past 30 days.

Still, the most recent hard fork that occurred before last month’s Constantinople and St. Petersburg updates saw the price of ETH decrease by under 1% which the report suggests its part of the decrease in block rewards – from 5 ETH to 3 ETH.

The researchers also noted that as of March 3, more than 2.3 million Ethereum (ETH) was present in decentralized finance apps. The data showed that even 98% was staked in these apps and MakerDAO smart contracts which permit the creation and destruction of the Maker’s decentralized stablecoin named Dai (DAI).