Supply Held by Addresses Last Active 4-5 Years
Supply Held by Addresses Last Active 4–5 Years measures the total amount of ICP held by addresses whose last successful transaction occurred between four and five years ago. This metric captures the portion of supply associated with long-dormant addresses, providing insight into ICP distribution among addresses that have remained 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 four and five years ago is included, and its current ICP balance is summed to determine total supply held. Each address is counted once, regardless of historical transaction frequency or volume.
What this metric highlights
This metric reflects ICP held in longer-term inactive addresses:
- Increasing supply: Suggests that more ICP is concentrated in addresses inactive for four to five years.
- Stable supply: Indicates a consistent portion of ICP resides in this dormancy range.
- Decreasing supply: Could reflect reactivation or movement into deeper dormancy.
Limitations
Key considerations for interpretation:
- Does not directly measure dormant supply: Addresses may have moved a small portion of their balance and become active, yet most of their ICP may remain effectively dormant; this metric sums balances of addresses last active in this window 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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