Share of total ETH supply at the largest addresses increases by 6,7% after The Merge
This was reported by analysts at Santiment after studying the Top 10 over-the-counter wallets
01.11.2022 - 14:00
332
2 min
0
What’s new? Experts at analytics firm Santiment reported that the Top 10 OTC addresses on the Ethereum network continue to accumulate assets after The Merge upgrade. Large investors have added another 6,7% of the total ETH supply to their wallets since September 15. In the same time, the top 10 crypto exchanges have only raised their share by 0,2%.
🐳 #Ethereum's" class="redactor-linkify-object">https://twitter.com/hashtag/Ethereum?src=hash&... top 10 largest non-exchange addresses have been accumulating assets after their big drop-off leading up to September's merge. They have added 6.7% more $ETH. Meanwhile, the top 10 exchanges are standing pat with just an 0.2% rise. https://t.co/h5CxDwOphX pic.twitter.com/msrrzvhB4P — Santiment (@santimentfeed) November" class="redactor-linkify-object">https://twitter.com/santimentfeed/status/158726285... 1, 2022What other data is known? As of November 1, the top 10 investors own 23,7 million ETH (about $37,78 billion at the Binance rate on November 1, 13:25 UTC). Exchange addresses own only 8,7 million ETH (~$13,87 billion).
The number of new smart contracts on the Ethereum network increased to a 16-month high since October 9. Earlier such activity was observed only in July 2021. At the time of writing, ETH is trading at $1594, down by 1,8% per day.
What is known about The Merge? On September 15, at 06:45 UTC, the Ethereum network switched from the Proof-of-Work (PoW) consensus algorithm to Proof-of-Stake (PoS). The method of earning ETH changed from mining to staking, network management shifted from miners to validators, and the asset became deflationary.
For what to expect from the reduction in coin supply following the network’s transition to PoS, see GetBlock Magazine’s article.
Useful material?
Incidents
This is the second hack of the project in the last two months
Sep 16, 2024
Incidents
The exchange’s security service began blacklisting suspicious addresses and collecting information from victims
Sep 16, 2024
Incidents
Scammers took advantage of the former US president’s recent announcement of a real DeFi protocol
Sep 4, 2024
Technologies
The upgrade is aimed at implementing a new decentralized project governance system
Sep 2, 2024
Incidents
The company placed $2б4 billion in bonds maturing in 2026, but their value has fallen dramatically since the entrepreneur’s arrest
Aug 30, 2024
Incidents
In both cases, depending on the outcome of the investigations, the messenger could be blocked
Aug 29, 2024