Balance on Exchange Addresses - All
Balance on Exchange Addresses – All Exchanges measures the total amount of ICP held across all known cryptocurrency exchange addresses. This metric aggregates balances from addresses labeled as belonging to exchanges using publicly available sources, official community channels, and internal research.
How it’s calculated
- Addresses are continuously labeled and verified through public disclosures, official exchange announcements, community contributions, and internal data analysis.
- The current ICP balance of each labeled exchange address is summed to determine total holdings.
- Values are updated continuously, but may fluctuate over time, especially for recent snapshots, due to transactions, labeling changes, or newly discovered addresses.
What this metric highlights
- Provides insight into the amount of ICP held on centralized exchanges, which can serve as a proxy for liquidity and potential market supply availability.
- Rising balances may indicate increased deposit activity, while declining balances may reflect withdrawals or accumulation in private custody.
- Helps gauge market behavior trends, though it does not indicate intent, trading activity, or account type.
Limitations
- Partial coverage: Not all exchange addresses are publicly disclosed; some balances may be untracked or misattributed.
- Dynamic balances: Funds can move frequently between addresses and exchanges, making precise real-time accuracy challenging.
- No holder type information: The metric does not differentiate between retail, institutional, or exchange-controlled reserves.
- Informational purposes only: This metric should be considered a proxy for exchange-held supply, not a definitive count of all ICP on exchanges.
Disclaimer: The information provided in the descriptions above is for informational and educational purposes only and is intended as a general overview of the referenced metrics. These descriptions are illustrative, descriptive, and non-exhaustive; additional interpretations, use cases, and limitations may exist that are not covered here. Nothing herein should be construed as financial, investment, legal, tax, or professional advice, nor should it be relied upon as the sole basis for any decision-making process. All users should conduct their own independent research, validate data through multiple sources, and consult with qualified professionals where appropriate. The content provided does not guarantee accuracy, completeness, or reliability, and no representation or warranty is made regarding its correctness. The metrics, interpretations, and examples mentioned are subject to change over time and may not reflect all possible scenarios or market conditions. By using this information, you acknowledge that you do so at your own discretion and responsibility. No advisory, fiduciary, or client relationship is created through the use or reading of this material.