More than 80% of LINK tokens control 1% of addresses
Chainlink wealth gap hits three-year high
1% of LINK holders has to 81.73% of tokens in circulation
Chainlink combines data from the real world with smart contracts and decentralized applications
The gap between rich and poor at Chainlink is growing. One percentage of the largest accounts control over 80% of LINK tokens
The wealth gap for Chainlink project participants has reached a three-year high. According to Glassnode, one percent of the largest accounts account for more 80% of all tokens in circulation.
Analytical experts company explain:
“The share of LINK on 1% of the largest addresses as a percentage only which reached a three-year high of 81.737%. Previous peak was fixed on January 14, 2021 at the level of 81.658% “.
$ LINK Percent Balance of Top 1% Addresses just reached a 3-year high of 81.737%
Previous 3-year high of 81.658% was observed on 14 January 2021
View metric: https: //t.co/Yu7MgXuKe8 pic.twitter.com/ MdjmhXrbgv
– alerts glassnode (@glassnodealerts) January 17, 2021
Comparing Chainlink with Other Cryptocurrencies
Given the percentage of tokens, Chainlink’s wallet distribution looks unfair. but a similar trend can be traced in almost all cryptocurrencies.
Even Bitcoin, the first decentralized cryptocurrency, is also showing a concentration of wealth. Some experts are confident that the largest by market capitalization digital assets strong centralized.
However, these claims are difficult to confirm or deny. due to lack of reliable data aggregation. According to BitInfoCharts, nearly all bitcoins went to 2.44% of the richest wallets. To the share of wallets from 1 BTC or more accounts for 94.94% of all coins.
But if dig deeper, it becomes yet more interesting. About 85.5% of all coins in circulation are at 0.4% of the largest addresses. Largest 2,500 wallets – 0.01% of the Bitcoin network – own almost 43% of all produced so far moment bitcoins.
Ether distribution is not much better: the 100 largest wallets control over 35% coins in circulation.
Now let’s compare this data with the statistics of the fiat world. According to a 2017 study by the Federal Reserve, the richest 1% of Americans control 38.5% of total wealth, which is comparable to BTC or LINK..
What is Chainlink (LINK)
Chainlink – this a decentralized network of oracles combining data from the real world with smart contracts and decentralized applications (dApps). With the advent of dApp, the need arose for reliable and safe technology, which will allow loading data into them.
On this need arose project Chainlink. It provides tamper-resistant input and output for transactions on blockchain. This network solves problems and finds applications in many industries, including finance and social media.
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