Supply Held by Addresses Last Active <6M
Supply Held by Addresses Last Active <6 Months measures the total amount of ICP held by addresses that have conducted at least one successful transaction within the past six months. This metric provides a view of the portion of supply associated with recently active addresses.
How it’s calculated
Addresses are classified based on the timestamp of their last successful transaction. For addresses active within the last six months, their current ICP balances are summed to calculate the total supply held. Each address is counted once, regardless of transaction frequency or volume.
What this metric highlights
This metric illustrates the amount of supply concentrated in recently active addresses:
- Increasing supply: Suggests a larger portion of ICP resides in addresses currently engaging with the network.
- Stable supply: Indicates that recently active addresses hold a consistent share of supply, with limited inflow or outflow.
- Decreasing supply: May reflect addresses transitioning into longer dormancy tiers.
Limitations
Key considerations for interpretation:
- Does not measure dormant supply directly: An address may remain largely dormant even if it has conducted a recent transaction, so the metric reflects balances in recently active addresses rather than total dormant or inactive supply.
- Balance does not indicate activity intensity: High balances do not necessarily imply frequent or meaningful transactions.
- Identity and intent unknown: Addresses may belong to individuals, custodial entities, exchanges, smart contracts, or automated systems.
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