Top 10 Most Centralized Cryptos: Should You Be Worried?

Quick Summary:

Blockchain analysis platform Santiment revealed the centralization of blockchain networks and the concentration of tokens held by top wallets.

The report highlighted the top ten most popular cryptocurrencies and analyzed the percentage of supply controlled by the top ten addresses.

Polygon (MATIC) emerged as the most centralized, with the top ten addresses holding 69.4% of the supply.

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Article Details

Author / Journalist: Parth Dubey

Category: Crypto

Markets: India

Topics: News Market Altcoin News Cryptocurrency Santiment Market News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 13:30:00 (2 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 140 words

Reading Time: 1 minutes read

Sentences: 45 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 22311833

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 2 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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