​
Description

The USD Balance Buckets offer a comprehensive overview of addresses and their token holdings across a range of balances, covering amounts from small fractions up to $10,000,000 USD. Coverage includes ETH and BTC for balance buckets.

​
Use Case

Traders Traders use USD Balance Bucket metrics to track network dynamics, including address balance changes, asset liquidity shifts, and profit fluctuations, guiding strategic trading decisions. Analyst Analysts leverage these metrics for enhancing portfolio analysis, focusing on profitability and wallet distribution to make informed recommendations. Researcher Researchers employ this data to identify market trends and patterns in network behavior, aiding in comprehensive market studies.

​
Methodology

USD Balance Buckets categorize address balances into distinct groups, detailing the number of addresses and the total balance within each category.
  1. When the balance, after being multiplied by the current BTC or ETH price, equals 0, it is classified as ‘0 USD’.
  2. For balances resulting in less than $100 after conversion, they fall under the ‘100 USD’ category.
  3. Balances yielding less than $1,000 but exceeding the previous category are labeled as ‘1,000 USD’.
  4. This progression continues upwards, with each category accommodating increasingly larger amounts: ‘10,000 USD’, ‘100,000 USD’, ‘1,000,000 USD’, and ‘10,000,000 USD’.
  5. Any balance equal to or exceeding $10,000,000 is grouped into the ‘10,000,000+ USD’ category.