Supply Held by Addresses Last Active 1-2 Years
Supply Held by Addresses Last Active 1–2 Years measures the total amount of ICP held by addresses whose last successful transaction occurred between one and two years ago. This metric provides a view of the portion of supply associated with addresses that have been inactive for over a year but not yet long-term dormant.
How it’s calculated
Addresses are classified based on the timestamp of their most recent successful transaction. Any address last active between one and two years ago is included, and its current ICP balance is summed to calculate total supply held. Each address is counted once, regardless of transaction frequency or volume.
What this metric highlights
This metric shows the amount of ICP held in medium-to-long-term inactive addresses:
- Increasing supply: Suggests more ICP resides in addresses that were active one to two years ago but have since become dormant.
- Stable supply: Indicates a consistent portion of ICP remains in addresses that have been inactive within this medium-term window.
- Decreasing supply: Could reflect reactivation or transition into longer dormancy tiers.
Limitations
Key considerations when interpreting this metric:
- Does not directly measure dormant supply: An address may have partially transacted, yet most of its balance may still be effectively dormant; this metric reflects balances in addresses last active within this window, not total dormant ICP.
- Balance does not indicate activity intensity: Large balances do not imply frequent or meaningful transactions.
- Identity and intent unknown: Addresses may belong to individuals, custodians, exchanges, DAOs, smart contracts, or automated systems.
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