The vast majority of DeFi tokens are in the hands of the best 500 holders

A most recent examination demonstrates that DeFi tokens are not extensively distributed. Up to 90% of DeFi tokens are held in the best 500 crypto wallets.

CryptoLab’s Digital Assets Investments co-founder, Simone Conti, explained that significantly of the DeFi token provide is centralized and not extensively distributed.

Aggregating information from Defi Pulse and Etherscan, Conti demonstrates that 90% of DeFi task tokens are in the 500 most worthwhile wallet addresses. In distinct, the quantity of three DeFi tasks alone is up to 99%.

According to Conti, Compound is a task “most concentrated” in the group of ten tasks incorporated in the survey, with 96% of the provide held in a number of dozen wallets in the best 50.

The best five wallet addresses containing the vast majority of DeFi task tokens hold a lot more than forty% of the complete provide respectively. Conti observed that tasks born in advance of the current DeFi boom tended to be a lot more extensively distributed than these that emerged later on.