The total supply of Bitcoin is distributed among more different addresses as its network matures over time.

Meanwhile, some alternative cryptocurrency projects hold up to 95% of their total supply at several large addresses.

This information came from a report that a study compiled by analyzing several data variables related to the distribution of popular cryptocurrencies.

Bitcoin:

Naturally, the report begins with the largest cryptocurrency by market capitalization.

It concludes that in 2011, only a few individuals held the most bitcoins.

More specifically, 33% of the bitcoin supply held addresses that included 1/1,000 of the total bitcoin.

Due to the continued popularity of Bitcoin over time and the demand of more and more people.

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It has been progressively distributed to millions of different addresses, introducing a more decentralized mechanism.

As mentioned Source In January, there are nearly 30 million bitcoin addresses.

So the rapid nine-year turnaround up to this February made only about 11% of the total bitcoin supply owned by whale addresses.

The following chart shows the size of Bitcoin and its distribution in users’ wallets.

Altcoins:

Ethereum, mainly due to its initial token sale, holds 60% of the total supply.

Meaning, it has 60% of Ethereum at at least a few addresses out of 1/1000 in 2016.

According to the report, though, the ICO bubble of 2017 and 2018 trimmed these numbers.

As of February 2020, large addresses hold about 40% of the total Ethereum supply.

The distribution of litecoin wealth is similar, with large addresses holding at least 1/1000 of the total control over the supply of 46% of all litecoins.

Of all the cryptocurrencies examined, Ripple and Stellar have the most concentrated supply.

As some parts of their local currency are stored by official institutions, 85% of XRP and 95% of XLM are held on large addresses.

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Fixed cryptocurrency:

USDT uses multiple blockchains for its tokens.

The paper examined the distribution of USDT on three major networks, including Ethereum, Omni, and Tron.

The study notes that USDT-ETH and USDT-Omni are increasingly distributed

While USDT-TRX coins haven’t moved on it much yet, they are all still concentrated in a few headlines.

According to the report, the different distribution is based on adoption levels.

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While USDT-ETH and USDT-Omni are used as a medium of exchange, the Tron-specific version is neglected.

Also, other stablecoins have overtaken Tether in terms of the number of transfers in the last 30 days.

The report indicates that the dominance of USDT over the stablecoin market has diminished.

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