Incredible Growth of Addresses Owning 99,99% of ERC-20 Tether, USDC, and DAI
According to Bloxy Nakamoto Index*, there are around 1M of addresses holding 99.99% of Tether ERC-20.
The number of such addresses has increased dramatically: 500 (May 2018) – 1k (May 2019) – 1M (May 2020) or +200000% for 2 years.
The same dynamics can be viewed with USDC addresses: 3k in May 2019 vs 30k in May 2020 or 1000% for 1 year.
*Nakamoto index is the number of top addresses, holding together more than 51% of all coin supply. Measures the prevalence of top balances comparing to whole population