Supply Held by Addresses Last Active 3-4 Years





Supply Held by Addresses Last Active 3–4 Years measures the total amount of ICP held by addresses whose last successful transaction occurred between three and four years ago. This metric captures the portion of supply held in longer-dormant addresses, providing insight into how ICP is distributed among addresses inactive for multiple years.

How it’s calculated

Addresses are classified based on the timestamp of their most recent successful transaction. Any address last active between three and four years ago is included, and its current ICP balance is summed to determine total supply held. Each address is counted once, regardless of transaction frequency or volume.

What this metric highlights

This metric reflects ICP held in medium-to-long-term dormant addresses:

  • Increasing supply: Indicates more ICP is concentrated in addresses inactive for three to four years.
  • Stable supply: Shows a consistent portion of ICP resides in this dormancy range.
  • Decreasing supply: Could reflect reactivation or further movement into longer dormancy tiers.

Limitations

Key considerations for interpretation:

  • Does not directly measure dormant supply: Addresses may have transacted partially but still retain most of their balance; the metric sums balances of addresses last active in this period rather than total dormant ICP.
  • Balance does not indicate activity intensity: High 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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