Supply Held by Addresses Last Active 2-3 Years
Supply Held by Addresses Last Active 2–3 Years measures the total amount of ICP held by addresses whose last successful transaction occurred between two and three years ago. This metric provides a view of the portion of supply associated with longer-term inactive addresses.
How it’s calculated
Addresses are classified based on the timestamp of their most recent successful transaction. Any address last active between two and three 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 reflects ICP held in addresses that have been inactive for multiple years:
- Increasing supply: Suggests that more ICP is concentrated in addresses that have been inactive for two to three years.
- Stable supply: Indicates a consistent portion of ICP resides in this medium-to-long-term inactivity range.
- Decreasing supply: Could indicate reactivation or further transition into longer dormancy tiers.
Limitations
Important considerations for interpretation:
- Does not directly measure dormant supply: Addresses may have partially transacted but still retain most of their balance; this metric sums balances of addresses last active within this period rather than capturing all dormant ICP.
- Balance does not indicate activity intensity: Large balances do not necessarily correspond to frequent or meaningful transactions.
- Identity and intent unknown: Addresses may belong to individuals, exchanges, custodians, DAOs, smart contracts, or automated systems.
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