Address Balances

Address Balances

Addresses that hold a balance of X amount for a given asset.

Contents

• Address Count with ≥ X% Supply (AdrBal1inXCnt)
• Address Count with Balance ≥ X (native units) (AdrBalNtvXCnt)
• Address Count with Balance ≥ $X (AdrBalUSDXCnt)

Address Count with ≥ X% Supply

Definition

The sum count of unique addresses holding at least one in Xth of the current supply of native units as of the end of that day. Only native units are considered (e.g., an address with less than one ten-billionth ETH but with ERC-20 tokens would not be considered).

Name	MetricID	Unit	Interval
Addr Cnt with ≥ 0.00000001% Supply	AdrBal1in10BCnt	Addresses	1 day
Addr Cnt with ≥ 0.0000001% Supply	AdrBal1in1BCnt	Addresses	1 day
Addr Cnt with ≥ 0.000001% Supply	AdrBal1in100MCnt	Addresses	1 day
Addr Cnt with ≥ 0.00001% Supply	AdrBal1in10MCnt	Addresses	1 day
Addr Cnt with ≥ 0.0001% Supply	AdrBal1in1MCnt	Addresses	1 day
Addr Cnt with ≥ 0.001% Supply	AdrBal1in100KCnt	Addresses	1 day
Addr Cnt with ≥ 0.01% Supply	AdrBal1in10KCnt	Addresses	1 day
Addr Cnt with ≥ 0.1% Supply	AdrBal1in1KCnt	Addresses	1 day

Details

• These metrics are a breakdown of the addresses with balance by relative ownership of the total current supply
• In this unadjusted version, the total current supply is used.
• 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 billionth of the current supply qualifies an address for AdrBal1in1BCnt

Asset-Specific Details

• For XRP, escrowed amounts are not taken into account for balances but are counted towards total current supply.
• 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 balances into account. The shielded balances are taken into account for the supply component of the metric.

Examples

If the total current supply of the token is 10,000,000,000 units (10 billion units):

• Addresses with less than 1 native unit (or 0.00000001% of supply) don't appear in any of these metrics
• Addresses with a balance of 1 native unit (or 0.00000001% of supply) are counted only in AdrBal1in10BCnt
• Addresses with a balance of 10 native units (or 0.0000001% of supply) are counted in AdrBal1in10BCnt and AdrBal1in1BCnt
• Addresses with 10,000,000 native units (0.1% of supply) are counted in all of these metrics

Release History

• All but AdrBal1in10KCnt and AdrBal1in1KCnt were released in the 4.0 release of NDP
• AdrBal1in10KCnt and AdrBal1in1KCnt were released in the 4.2 release of NDP

Interpretation

In contrast with Addresses, with balance, greater than X native units, count, this metric seeks to facilitate direct comparisons between blockchains, even if they have widely varying supply counts. This metric allows you to determine how many addresses own a given fraction of supply, rather than a given number of units of supply. Keep in mind that in blockchains where transacting is cheap or free, this metric can be gamed.

Coverage

• AdrBal1in10BCnt
• AdrBal1in1BCnt
• AdrBal1in100MCnt
• AdrBal1in10MCnt
• AdrBal1in1MCnt
• AdrBal1in100KCnt
• AdrBal1in10KCnt
• AdrBal1in1KCnt

Address Count with Balance ≥ X (native units)

Definition

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).

Name	MetricID	Unit	Interval
Addr Cnt of Bal ≥ 0.001 (native units)	AdrBalNtv0.001Cnt	Addresses	1 day
Addr Cnt of Bal ≥ 0.01 (native units)	AdrBalNtv0.01Cnt	Addresses	1 day
Addr Cnt of Bal ≥ 0.1 (native units)	AdrBalNtv0.1Cnt	Addresses	1 day
Addr Cnt of Bal ≥ 1 (native units)	AdrBalNtv1Cnt	Addresses	1 day
Addr Cnt of Bal ≥ 10 (native units)	AdrBalNtv10Cnt	Addresses	1 day
Addr Cnt of Bal ≥ 100 (native units)	AdrBalNtv100Cnt	Addresses	1 day
Addr Cnt of Bal ≥ 1K (native units)	AdrBalNtv1KCnt	Addresses	1 day
Addr Cnt of Bal ≥ 10K (native units)	AdrBalNtv10KCnt	Addresses	1 day
Addr Cnt of Bal ≥ 100K (native units)	AdrBalNtv100KCnt	Addresses	1 day
Addr Cnt of Bal ≥ 1M (native units)	AdrBalNtv1MCnt	Addresses	1 day

Details

• 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.

Asset-Specific Details

• 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.

Release History

• Released in the 4.0 release of NDP

Interpretation

• 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.

Coverage

• AdrBalNtv0.001Cnt
• AdrBalNtv0.01Cnt
• AdrBalNtv0.1Cnt
• AdrBalNtv1Cnt
• AdrBalNtv10Cnt
• AdrBalNtv100Cnt
• AdrBalNtv1KCnt
• AdrBalNtv10KCnt
• AdrBalNtv100KCnt
• AdrBalNtv1MCnt

Address Count with Balance ≥ $X

Definition

The sum count of unique addresses holding at least X dollar's worth of native units as of the end of that day. Only native units are considered (e.g., an address with less than X dollar's worth of ETH but with more than X dollar's worth of ERC-20 tokens would not be considered).

Name	MetricID	Unit	Interval
Address Cnt of Bal ≥ $1	AdrBalUSD1Cnt	Addresses	1 day
Address Cnt of Bal ≥ $10	AdrBalUSD10Cnt	Addresses	1 day
Address Cnt of Bal ≥ $100	AdrBalUSD100Cnt	Addresses	1 day
Address Cnt of Bal ≥ $1K	AdrBalUSD1KCnt	Addresses	1 day
Address Cnt of Bal ≥ $10K	AdrBalUSD10KCnt	Addresses	1 day
Address Cnt of Bal ≥ $100K	AdrBalUSD100KCnt	Addresses	1 day
Address Cnt of Bal ≥ $1M	AdrBalUSD1MCnt	Addresses	1 day
Address Cnt of Bal ≥ $10M	AdrBalUSD10MCnt	Addresses	1 day

Details

• These metrics are a breakdown of the addresses with balance count with USD balance thresholds.
• The state of the ledger is the one at the last available block for that day.
• The price used is the daily close price.
• 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 qualifies an address for AdrBalUSD1Cnt.

Asset-Specific Details

• 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.

Release History

• Released in the 4.0 release of NDP

Interpretation

• This metric standardizes wealth cohorts across multiple blockchains for easy comparison, although differences in address creation must be taken into account. Some wallets in UTXO chains tend to fragment user balances into multiple addresses to preserve privacy. Note that this metric is sensitive to changes in unit price; common address sizes combined with price changes can lead to large numbers of addresses hitting a new threshold at the same time. This can lead to sharp discontinuities in the metric. For a purer measure of holder dispersion (albeit not as directly comparable), see addresses, with balance, greater than X native units, count.

Coverage

• AdrBalUSD1Cnt
• AdrBalUSD10Cnt
• AdrBalUSD100Cnt
• AdrBalUSD1KCnt
• AdrBalUSD10KCnt
• AdrBalUSD100KCnt
• AdrBalUSD1MCnt
• AdrBalUSD10MCnt

API Endpoints

Address Balances can be accessed using these endpoints:

• timeseries/asset-metrics

and by passing in the metric IDs in the metrics parameter.

GET /timeseries/asset-metrics

Asset metrics

View endpoint and parameters

openapi.yaml

Shell

curl --compressed "https://api.coinmetrics.io/v4/timeseries/asset-metrics?metrics=AdrBal1in10BCnt&assets=btc&pretty=true&api_key=<your_key>"

Python

import requests
response = requests.get('https://api.coinmetrics.io/v4/timeseries/asset-metrics?metrics=AdrBal1in10BCnt&assets=btc&pretty=true&api_key=<your_key>').json()
print(response)

Python Client

from coinmetrics.api_client import CoinMetricsClient

api_key = "<API_KEY>"
client = CoinMetricsClient(api_key)

print(
    client.get_asset_metrics(
        metrics="AdrBal1in10BCnt", 
        assets="btc",
    ).to_dataframe()
)