Supply Held by Addresses Last Active >8 Years
Supply Held by Addresses Last Active >8 Years measures the total amount of ICP held by addresses whose last successful transaction occurred over eight years ago. This metric captures the portion of supply associated with the oldest and most dormant addresses, providing insight into ICP distribution among addresses that have remained inactive for nearly the entire history of the network.
How it’s calculated
Addresses are classified based on the timestamp of their most recent successful transaction. Any address last active over eight 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 the most long-term dormant addresses:
- Increasing supply: Suggests that more ICP is concentrated in addresses that have remained inactive for over eight years.
- Stable supply: Indicates a consistent portion of ICP resides in this extreme dormancy range.
- Decreasing supply: Could reactivation of older addresses.
Limitations
Key considerations for interpretation:
- Does not directly measure dormant supply: Even if an address has conducted a minimal transaction, the majority of its balance may remain dormant; this metric sums balances of addresses last active over eight years ago rather than total dormant ICP.
- Balance does not indicate activity intensity: High 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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