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Addr Cnt of Bal ≥ X (native units)
The sum count of unique addresses holding at least X native units as of the end of that day. Only native units are considered (e.g., an address with less than X ETH but with more than X in ERC-20 tokens would not be considered).
- These metrics provide a count of addresses with balance by equal or higher than a native unit threshold.
- The state of the ledger is the one at the last available block for that day.
- Only the native units balance is considered, L2 tokens (ERC-20, etc..) are not taken into account.
- The computation uses greater than or equal comparison: owning exactly 1 native unit qualifies an address for AdrBalNtv1Cnt.
- For XRP, escrowed amounts are not taken into account.
- This metric is not available for assets that have full privacy, like Monero, Grin.
- For assets that have opt-in privacy features, like ZCash, it only takes the non-private activities into account.
- Released in the 4.0 release of NDP
- This is a potent set of metrics which can elucidate the dispersion of ownership of the address space in a cryptocurrency. The trend can demonstrate whether or not a cryptocurrency is in a concentrative or distributive phase. It should be noted that supply is arbitrary, and for large-cap assets varies between tens of millions to hundreds of billions; so unit dispersion is often not directly comparable between chains. Put otherwise: it is cheaper to accumulate addresses with 100 XRP than 100 BTC since those are so different in fiat terms. This metric can also be gamed to a degree by adding dust to many thousands of addresses.