Ethereum Distribution
Ethereum Distribution Overview: Analyzing Ownership Percentages and Address Counts
Total Ethereum Supply: 122,005,048.86 ETH
| Floor Range | Value (ETH) | Percent (%) | Address Count |
|---|---|---|---|
| 0 to 1 ETH | 1,799,423.08 | 1.47 | 186,204,021 |
| 1 to 5 ETH | 2,481,851.72 | 2.03 | 1,149,818 |
| 5 to 10 ETH | 1,711,603.91 | 1.40 | 246,500 |
| 10 to 50 ETH | 5,451,390.44 | 4.47 | 265,779 |
| 50 to 100 ETH | 2,770,740.06 | 2.27 | 40,043 |
| 100 to 500 ETH | 7,283,417.63 | 5.97 | 36,460 |
| 500 to 1,000 ETH | 3,421,164.69 | 2.80 | 4,985 |
| 1,000 to 5,000 ETH | 9,348,659.91 | 7.66 | 4,736 |
| 5,000 to 10,000 ETH | 5,221,028.74 | 4.28 | 737 |
| 10,000 to 50,000 ETH | 17,972,110.69 | 14.73 | 983 |
| 50,000 to 100,000 ETH | 9,581,616.90 | 7.85 | 132 |
| 100,000 and above ETH | 54,962,041.10 | 45.05 | 120 |
Key Aspects of Ethereum's Adoption and Distribution
Initial distribution method
Ethereum conducted a public crowdsale, also known as an Initial Coin Offering (ICO), in 2014 to distribute Ether (ETH) to early supporters. During the ICO, participants purchased ETH with Bitcoin (BTC). This initial distribution raised funds for the development of the Ethereum platform and helped establish a diverse community of stakeholders.
Consensus mechanism transition
Ethereum's distribution has been evolving as the platform transitions from a Proof of Work (PoW) consensus mechanism to a Proof of Stake (PoS) mechanism called Ethereum 2.0. PoW relies on miners to validate transactions and create new blocks, with block rewards distributed to miners as an incentive. PoS, on the other hand, involves validators staking their ETH to secure the network, and they receive rewards for doing so. This transition will impact Ethereum's distribution over time as staking becomes more prevalent.
Smart contract functionality:
Ethereum introduced the concept of smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. This feature has enabled various Decentralized Finance (DeFi) applications and other decentralized projects to build on the Ethereum platform, leading to a more diverse distribution of ETH among users and developers.
ERC-20 token standard
Ethereum's ERC-20 token standard has become the most widely used token standard in the cryptocurrency space. This has led to the creation of numerous tokens on the Ethereum blockchain, allowing for a wide distribution of value across various projects and applications.
Gas fees
Ethereum requires gas fees to be paid in ETH for any transaction or smart contract execution. This requirement encourages the distribution and use of ETH among users and developers interacting with the platform.