Only 10 wallets control half of Ethereum: How to compare Shib star-news.press/wp

Data on the series show that more than half of the ETHEREUM supplies are kept through only 10 addresses. Here is how other ETH icons such as Shiba Inu accumulate.

Shiba Inu, Uniswap and Ethereum are among the most central symbols

In new mail In X, Santiment talked about the group of analyzes on how to line up different assets in the ethereum ecological system with each other in terms of the extent of the offer that is concentrated on the best 10 portfolios.

Below is the chart that Santime is sharing, which shows the trend in this scale of eight encrypted currencies in the past few months.

Looks like SHIB is at the top of the list at the moment | Source: Santiment on X

From the graph, it is clear that 51 % of Ethereum supplies are owned by the largest 10 governorates on the network. This is more than most other ETH icons in the menu.

The two metal awaits in this scale are Shiba Inu (SHIB) and uniwap (UNI). The latter is ravaged only on the ETH at a value of 52.2 %, but the first is 62.3 % significantly.

In general, the coded currency supplies that are largely focused on a few hands do not tend to be a constructive signal, because it means that only a few players are needed to move the market.

Besides the dynamics of the market, the centralization of the supply has another defect: it is possible that the safety of the network will weaken. Chains like Ethereum works on a consensus mechanism called lead proof (POS). Under this system, auditors who claim to hold a stake in order to have a chance to add the following block to the series.

The more the auditor’s share, the higher the opportunity to capture them. If there is a single stakeer crossing the width threshold by 51 %, it can, in theory, can control Blockchain.

This type of attack on Bitcoin is not, as the consensus mechanism (POW) is used instead. In POW networks, miners compete with each other using computing energy. Here, also, if the auditor rules 51 % of the network computing resources, they can form BTC to their will.

Given that ETHEREUM only has 10 pregnant people control 51 % of the width, the network attack is possible if these entities combine. The chances of occurrence, though, are very small.

However, the truth of the likes of ETH, Shib and UNI significantly centralized on a few owners can be something to be monitored. In contrast, there are some other symbols in the ecosystem such as USDC (28.6 %), Dai (31 %), and Chainlink (31.5 %) in a healthier area in terms of this scale.

ETH price

ETHEREUM has seen a 4 % increase over the past 24 hours, which has increased to a sign of $ 4,380.

The price of the coin seems to have shot up over the past day | Source: ETHUSDT on TradingView

Distinctive image from Dall-E, Santiment.net, Chart from TradingView.com

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