Less than 17% addresses control over 80% of the NFTS on Ethereum: Report
Less than 17% addresses control over 80% of the NFTS on Ethereum: Report
A new report has shown that a significant part of all non -fungal tokens based on Ethereum is in possession of a small number of addresses in the network.
die
The Moonsstream document shows that about 16.71% of all addresses that carry out the NFT transactions on Ethereum blockchain, keep a whopping 80.98% of the NFTs. It also found that the 16.71% represent the various NFT platforms and exchanges that act at the same time as thousands of these digital tokens. "There is also great inequality on the Ethereum NFT market in the sense that the top 16.71% of the NFT owners control 80.98% of the NFTs," the report. In view of such a high percentage under the addresses that manage NFTS in the Ethereum network, which control more than 80 % of the total available offer, around 83.29 % of the remaining holders have to share 19.02 % of the tokens within the analysis period. The paper pointed out the inequality in the distribution of the NFTS, but also found that the market is still open to everyone, both for small and large investors. It says: "This data shows us that the Ethereum NFT market is open in the sense that the vast majority of its participants are small buyers who are likely to make their purchases manually. There are only a few entry barriers for those who want to take part in this market." The NFT market has exploded in the past few months and millions of interested parties, including investors, collectors, developers and stock exchanges
The excitement increases because institutional investors join NFT mania and climb the sales at record heights. Between July and September alone, the The NFT-Markt has 10.7 Billions of US dollar on sale. . inequality in the NFT distribution on Ethereum
low entry barriers