Descriptives overtime

Circulating Supply

Circulating supply is the total number of tokens that are actively available for trade or staking. LUNA's circulating supply, for the purpose of this dashboard, is measured through the data available about LUNA's wallet daily balances. In the graph below, you can see how daily LUNA's circulating supply or the total number of LUNA staked or available for trade in wallet addresses has changed.

Market Cap

Graph below shows changes in the dollar value of LUNA's circulating supply over time.

Snapshot Analysis

To delve into the distribution of circulating supply, we will take an snapshot and look into a day. Circulating supply with one day lag is shown in the box below.

LUNA's coin in the wallets have been staked or held. As the below donut chart shows, the staked LUNA tokens are relatively less than tokens available for trade (liquid).

LUNA distribution

We can use different indexes to investigate the distribution of wealth in a society, community, or the World.

Here, first, by ranking the wallet addresses based on the amount of LUNA that they held or staked, I will try to show how LUNA tokens are concentrated/distributed among the community. Then, I will attempt to show how this distribution has changed over time. Finally, I will compare LUNA's distribution with other crypto tokens as well as wealth distribution in the Netherlands as an example.

Top 100, 1% and 10% wallet addresses

Below you can find the percentage of LUNA's circulating supply belonging to top 100 wallet addresses, top 1%, and top 10% of wallet addresses respectively.

Conclusion

The data shows the distribution of LUNA is largely skewed towards the highest-ranked wallet addresses. This does not necessarily mean that LUNA's concentration is on wealthier people. The portfolio of addresses can be different.

Comparing token distribution with the distribution of non-digital assets is problematic. In investigating wealth distribution, distinguishing between organizations' assets and individuals' assets is much harder when it comes to digital wallets. Taking this into account, yet, LUNA is not well distributed among wallet addresses compared with non-digital assets. For instance, in the Netherlands, the wealthiest 1% of Dutch households own some 30% of the Netherlands’ private assets. In LUNAland this index is around 95% as was shown above.

It is wiser to compare LUNA with similar digital tokens and also look into validators who have real power in generating income. In that sense, LUNA shows the concentration in the distribution of voting power among validators as well. One study (https://lukeharriman02.medium.com/luna-delegation-distribution-4e8639832cb1) compared the distribution of delegated tokens on the Terra, Avalanche, and Solana blockchain. It reveals that both Avalanche and Solana show the less concentrated distribution of delegated tokens when compared to Terra.

If we look into the change of LUNA's distribution over time, we can also see that the distribution is going towards more concentrations.

Top 100 / yesterday : 78.8%

Top 100 / 100 day lag: 72.5%

Top 100 / 200 day lag: 55.0%

Top 100 / 300 day lag: 46.4%