Supply Held by Addresses Last Active 5-6 Years
Supply Held by Addresses Last Active 5–6 Years measures the total amount of ICP held by addresses whose last successful transaction occurred between five and six years ago. This metric captures the portion of supply associated with long-dormant addresses, providing insight into how ICP is distributed among addresses inactive for a substantial period.
How it’s calculated
Addresses are classified based on the timestamp of their most recent successful transaction. Any address last active between five and six years ago is included, and its current ICP balance is summed to calculate 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 long-term inactive addresses:
- Increasing supply: Suggests more ICP is concentrated in addresses inactive for five to six years.
- Stable supply: Indicates a consistent portion of ICP resides in this dormancy range.
- Decreasing supply: Could reflect reactivation or transition into even deeper dormancy.
Limitations
Key points for interpretation:
- Does not directly measure dormant supply: Addresses may have conducted recent transactions and left most of their ICP effectively dormant; this metric sums balances of addresses last active in this window rather than total dormant supply.
- Balance does not indicate activity intensity: Large balances do not imply 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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