Fig. 5: Supply share held by categories over time. | Humanities and Social Sciences Communications

Fig. 5: Supply share held by categories over time.

From: Distributional equality in Ethereum? On-chain analysis of Ether supply distribution and supply dynamics

Fig. 5

This figure displays the normalized share of ETH held by five disjoint wallet categories from 2016 to 2024. The x-axis represents time, and the y-axis represents the normalized share amount (0–1). The “DeFi” group includes lending protocols, WETH supply, and supply on bridges; the “Exchange” group includes CEX-related wallets; and the “Staked” group includes all staked ETH. The “ >100 ETH” group includes all remaining wallets holding more than 100 ETH. The “ <100 ETH” group includes all remaining wallets whose holdings are less than 100 ETH.

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