The Distribution of Blur Addresses

02/15/2023 10:41 • Digital Disruptors • 121 views

According to the report, according to the data of OKLink multi-chain browser of Ouke Cloud Chain, Blur has more than 30000 addresses, up to 39502 by now. Among them, the top 10 address positions accounted for 92.82%, and the 11-50 address positions accounted for only 2.3%.

The top ten addresses held by Blur account for 92.82%

Analysis based on this information:

The message states that the OKLink multi-chain browser of Ouke Cloud Chain has data that shows Blur has over 30,000 addresses, which has now increased to 39,502. The report reveals the top 10 address positions account for 92.82%, while positions 11-50 only account for 2.3% of addresses registered under Blur.

The message’s primary purpose is to provide insights into the distribution of Blur addresses in the cryptocurrency world. An address in the blockchain network is a unique identifier assigned to a specific cryptocurrency wallet. Therefore, the number of addresses at any given time can reveal the usage, popularity, and market cap of the coin or token.

Based on the data shared in the message, it is clear that Blur is centralized, whereby the majority of the coin holders own significant portions of the total supply. With the top 10 addresses owning over 90% of the currency, there is little opportunity for new users to participate and meaningful contribution to the network.

However, the report did not indicate the profile of the top addresses in terms of mining, staking, or trading of the Blur currency. Therefore, it may be possible that the few addresses identified account for crucial network roles, such as development accumulation or funding, thereby leading to the high concentration.

Recent history shows that projects with highly centralized distribution record adverse outcomes. For instance, Ripple’s XRP has faced scrutiny from regulators due to centralization, similar to what could happen to Blur. In contrast, projects like Bitcoin have managed to thrive in a decentralized distribution model that encourages participation and drives adoption, which could be a lesson for Blur to consider going forward.

In conclusion, the data shared in the message provide a valuable insight into the distribution of Blur’s addresses. With the top 10 addresses owning over 90% of the currency, it is safe to say that Blur is highly centralized. It is also essential to mention that the identities of the top-address holders are not known and could lead to adverse outcomes if not correctly managed. Therefore, Blur should consider a more decentralized distribution model to ensure equitable participation and drive adoption.

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The Distribution of Blur Addresses

The top ten addresses held by Blur account for 92.82%

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